Technical change and human capital acquisition in Japanese and U.S. labor markets

Hong W. Tan

Expert InsightsPublished 1989

This paper analyzes cross-national similarities and differences in order to determine how labor markets react to and affect technical change and productivity growth. Long-term employment, high investment in training, compensation for firm-specific skills, and larger firm size are factors that lead to greater productivity in technologically advanced economies. The author concludes that proper rewards to both workers and employers will create an environment that enhances productivity derived from technological advance.

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Document Details

  • Copyright: RAND Corporation
  • Availability: Web Only
  • Year: 1989
  • Pages: 34
  • Document Number: P-7588

Citation

Chicago Manual of Style

Tan, Hong W., Technical change and human capital acquisition in Japanese and U.S. labor markets. Santa Monica, CA: RAND Corporation, 1989. https://www.rand.org/pubs/papers/P7588.html.
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