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Titlebook: Labour Market and Economic Performance; Europe, Japan and th Toshiaki Tachibanaki (Professor of Economics) Book 1994 Palgrave Macmillan, a

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Pay and Performanceal and effort is ignored, or because firms are assumed to determine and pay each worker the value of his/her marginal product if these marginal products differ. If all workers are paid exactly the value of what they produce, the labour cost per unit of output is the same whether one hires able, hard-working employees or less able, lazy ones.
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Organizational Form, Growth and Stabilityquent flows out of and into unemployment. Despite the important role establishment growth plays in both industrial organization and macroeconomic theories, it has rarely been subjected to systematic study. This chapter presents new empirical evidence of the nature and determinants of firm and establishment growth and stability.
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https://doi.org/10.1007/978-1-349-23612-1employment; Japan; labor market; unemployment; unions
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Palgrave Macmillan, a division of Macmillan Publishers Limited 1994
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