Japan experienced a period of strong industrialization in the 1950s and 1960s, reaching an exceptionally high level of per-capita GNP or per-capita income. After the two oil crises, the growth rate of the economy declined and has since stabilized, at which point Japan's macroeconomic performance, in particular the level of unemployment, has been considerably better than that of other industrialized countries. This book investigates the empirical and theoretical issues of wage determination and wage differentials in Japan since the War, concentrating on recent developments. It also examines the relationship between the role of wages and such features of the labour market as employment and unemployment.

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