일본 임금정체의 요인 분석과 정책적 시사점 (What’s up with Wage Growth in Japan?)

157 Pages Posted: 29 Jul 2019

See all articles by Sung Chun Jung

Sung Chun Jung

Korea Institute for International Economic Policy

Hyoeg Ug Kwon

Nippon University - Department of Economics

Date Written: May 30, 2019

Abstract

Korean Abstract: 2012년 말부터 최근까지 일본에서는 약 400만 개의 일자리가 창출되었고 실업률도 크게 하락하는 등 고용사정은 대폭 개선되었지만 임금은 기대만큼 오르지 않고 있다. 이 보고서에서는 고용여건 개선에도 불구하고 일본에서 임금정체가 지속되고 있는 요인을 다각적으로 분석하였다.

English Abstract: Beginning from the end of 2012 and up to recently, approximately 4 million new jobs have been created in Japan and the unemployment rate has fallen to the low 2% range, showing a great improvement in employment conditions. At the same time, however, the average wage level of workers remains at pre-1997 levels. In this study we analyze the reasons why wage levels remain stagnant in the Japanese economy.

Our analysis reveals the following reasons. The first is a change in the composition of the Japanese workforce. Female workers, elderly workers, and non-regular workers, who on average receive lower wages, now represent a larger proportion of the workforce and employment has increased in industries with lower wage levels. For instance, the percentage of female employees has increased from 32% in 1970 to 45% recently. The shares of non-regular workers increased from 20.2% in 1990 to 37.6% as of the 1st quarter of 2018. On average, non-regular workers and part-time workers receive 67% and 75% of the wages of regular workers, respectively.

Note: Downloadable document is in Korean.

Keywords: Wage Growth, Japan

Suggested Citation

Jung, Sung Chun and Kwon, Hyoeg Ug, 일본 임금정체의 요인 분석과 정책적 시사점 (What’s up with Wage Growth in Japan?) (May 30, 2019). KIEP Research Paper. Policy References 19-01, Available at SSRN: https://ssrn.com/abstract=3422676 or http://dx.doi.org/10.2139/ssrn.3422676

Sung Chun Jung (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Hyoeg Ug Kwon

Nippon University - Department of Economics ( email )

4-8-24, Kudanminami
Chiyoda-ku, Tokyo
Japan

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