Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

Problem:

Japan has traditionally had the employment system typified by a “lifetime” employment relationship between employee and employer and salaries which are based on length of service with the employer—starting low, increasing speedily after age 50, and featuring (in addition to a pension) a retirement bonus equal to three years of salary. One recent news article on this system stated, “From the perspective of the individual incentives, responsibility and performance, it is inefficient and inequitable; exceptional work is unrewarded.”

Required:

Employ economic theory to comment on this citation.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M910556

Have any Question? 


Related Questions in Macroeconomics

Establishing a proprietary standard as the industry

Establishing a proprietary standard as the industry standard may require a company to win a format war against a competing and incompatible standard. Strategies for doing this include producing complementary products, le ...

Explain the events that lead to the most recent financial

Explain the events that lead to the most recent financial crisis. In your opinion, who is to blame?

The basic primitive keynesian macro-economic model focuses

The basic (primitive) Keynesian macro-economic model focuses solely upon the determination of equilibrium in the real sector (goods market). This is made possible by the assumption that the interest rate (RD) is constant ...

Take the following information as given for a small

Take the following information as given for a small, imaginary economy: - When income is $10,000, consumption spending is $6,500 - When income is $11,000, consumption spending is $7,300 Then, the multiplier for this econ ...

You work for a technology firm that offers a very generous

You work for a technology firm that offers a very generous employee stock purchase program as a benefit; you can but as much stock as you want and your employer will pay half the price. This means that the stock price wo ...

Explain how a 4-period moving average time series can be

Explain how a 4-period moving average time series can be constructed manually. You can use a simple example of your choice.

Market failure market failure is a situation in which a

Market Failure Market failure is a situation in which a givenmarket does not efficiently organize production or allocate goodsand services to consumers. Overcoming market failure is asignificant challenge for the governm ...

Why are most environmental resources un-priced or

Why are most environmental resources un-priced (or under-priced) and what are the consequences of this? Under what circumstances is it desirable to monetize priceless environmental amenities? Briefly describe three metho ...

A high quality worker g1 and a low quality worker g2 apply

A high quality worker, G1, and a low quality worker, G2, apply for a 4-year position at a consulting firm. Both ponder going to college for 4 years to signal high quality. G1 incurs no cost other than tuition. G2 incurs ...

Labor relations law600-800 words 2 scholarly

Labor Relations Law 600-800 words, 2 scholarly references Recently, you have heard rumors that employees would like to unionize. The director of human resources has come to one of your regional managers' meetings to disc ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen