Publisher's Synopsis
One of the keys to a healthy functioning economy lies in the operation of its labour market. Human capital theory provides some insights into the importance of human resource development for the efficient and flexible operation of both individual corporations and the economy as a whole. However, the effectiveness of any employment system depends on the particular way in which it has evolved in different countries over time. This paper analyzes the nature of the employment system in Japan since World War II so as to provide a framework for assessment of an "employment model" which grew and developed outside the labour market models and institutions familiar in the West.
