Employment tenure and earnings profiles in Japan and the United States : comments
扩展了Hashimoto和Raisian关于日本男性就业任期与年收入关系的研究，利用1971、1976、1981和1986年数据，检验其结论的稳定性及劳动力市场变化对任期重要性的影响。
The relationship between job tenure and annual earnings in Japan has received considerable attention from social scientists examining employment contracts and the Japanese compensation system. In their widely cited article, Masanori Hashimoto and John Raisian (1985), using data for 1980, showed that Japanese men have greater job tenure than comparable workers in the United States and that the earnings of Japanese men rise more rapidly with increased tenure. They found that an additional year of tenure increases earnings in both small and large firms in Japan more than does an additional year of general market experience. Their results for the United States indicate that general market experience increases earnings more than an additional year of job tenure. The 1970's and 1980's were a period of substantial change in Japanese labor markets, due to the rapid aging of the population and the restructuring of the economy following the oil crisis. The present analysis extends the work of Hashimoto and Raisian by estimating earnings equations for Japanese men for the years 1971, 1976, 1981, and 1986. Specifically, we wish to investigate whether Hashimoto and Raisian's findings have been stable over time or whether changes in the labor market have altered the importance of tenure relative to total labor-market experience in the Japanese labor market. I. Changes in the Labor Market