WAGE STRUCTURE AND ECONOMIC GROWTH AND POSTWAR JAPAN.

The article discusses the developments in the economic condition and wage structure of Japan since World War II. The prewar labor market of the country was characterized by a dual wage structure, one for large and small firms. Wage differentials, developed from the end of the Taisho period to the beginning of the Showa period, has been carried over almost intact into the postwar period. The pattern of employment also appears to have changed from immediate post-World War I years to pre-World War II period. Consequence of the demand-supply pattern in the labor market brought about by economic recovery, growth, and a decrease in the rate of population increase and participation rate is also discussed.