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The Influence of Unions on Wages in Japan: Taking into Account Factors Related to Corporate Governance
https://chuo-u.repo.nii.ac.jp/records/12846
https://chuo-u.repo.nii.ac.jp/records/128469ef8aa07-4fec-41a8-9bb7-57e3cbbb0f9c
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
本文を見る (466.0 kB)
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| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||||||
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| 公開日 | 2021-05-06 | |||||||||
| タイトル | ||||||||||
| タイトル | The Influence of Unions on Wages in Japan: Taking into Account Factors Related to Corporate Governance | |||||||||
| タイトル | ||||||||||
| タイトル | The Influence of Unions on Wages in Japan: Taking into Account Factors Related to Corporate Governance | |||||||||
| 言語 | en | |||||||||
| 言語 | ||||||||||
| 言語 | eng | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Wages | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Unions | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Corporate Governance | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | JEL:J30 | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | J50 | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | J51 | |||||||||
| 資源タイプ | ||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||||||
| 資源タイプ | departmental bulletin paper | |||||||||
| 著者 |
OKAMOTO, Hisashi
× OKAMOTO, Hisashi
× MATSUURA, Tsukasa
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| 著者別名 | ||||||||||
| 識別子Scheme | WEKO | |||||||||
| 識別子 | 32171 | |||||||||
| 姓名 | 岡本, 弥 | |||||||||
| 著者別名 | ||||||||||
| 識別子Scheme | WEKO | |||||||||
| 識別子 | 50026 | |||||||||
| 姓名 | 松浦, 司 | |||||||||
| 抄録 | ||||||||||
| 内容記述タイプ | Abstract | |||||||||
| 内容記述 | With long-term employment and seniority-based payment, (enterprise) unions consist of Japanese employment practices. These practices had been highly praised for their efficienc yby many academic researchers. However, after the collapse of the bubble economy at the beginning of 1990s, these practices have been severely criticized as the most significant source of the economic downturn. Along with the continuing economic downturn, the Japanese employment practices have been declined and the unionization rate also has been decreased. Many people show the reasons why Japanese unions have been weakened for several decades and most of them seems plausible. In fact, in recent spring offensives, the government has strongly intervened the wage determination process in labor-management negotiations, demonstrating its clout and in contrast to it, unions haven’t have much of a presence. However, even in such situations, unions have no small social significance. For example, when we remember that unions have had a role to enable long-term employment not only to foster human resources but also to build and keep sound labor relations, we will easily find unions in Japan still have an important role. For the purpose stated above, we examine the influence of unions on wages in Japan taking into account factors related to corporate governance with the use of panel date on the firms listed on the first section of the Tokyo Stock Exchange. In creating variables concerning corporate governance, we focus on four attributes of corporate governance as follows: (1) owner management (2) management tenure, (3) foreign ownership, (4) financial institution ownership. First, we study whether unions as well as these four attributes of corporate governance respectively have influence on wages. Employing OLS with cluster standard errors, FE and RE, we show that unions and, both foreign and financial institution ownership have positive effects on wages. In the second step, we study the hypothesis that the magnitude of the influence of unions on wages varies depending on firm’s governance structure. Introducing interaction terms with unions, we obtain two results. The first one is that interaction terms with foreign ownership and those with financial institution ownership are positive with statistical significance even after controlling for the possibility of endogeneity problems by the use of IV and FE. The second is that interaction terms with owner management and those with management tenure are negative with statistical significance by the use of OLS, but they become statistically insignificant in the panel estimation. This may be because spurious correlations are incurred. From our obtained results, we confirm that unions still have influence on wages in Japan. |
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| 書誌情報 |
経済研究所年報 号 52, p. 361-375, 発行日 2020-09-15 |
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| 出版者 | ||||||||||
| 出版者 | 経済研究所 | |||||||||
| ISSN | ||||||||||
| 収録物識別子タイプ | ISSN | |||||||||
| 収録物識別子 | 0285-9718 | |||||||||
| 権利 | ||||||||||
| 権利情報 | この資料の著作権は、資料の著作者または学校法人中央大学に帰属します。著作権法が定める私的利用・引用を超える使用を希望される場合には、掲載誌発行部局へお問い合わせください。 | |||||||||
| フォーマット | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | application/pdf | |||||||||
| 著者版フラグ | ||||||||||
| 出版タイプ | VoR | |||||||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||||||
