| Budget Amount *help |
¥4,800,000 (Direct Cost: ¥4,800,000)
Fiscal Year 1992: ¥800,000 (Direct Cost: ¥800,000)
Fiscal Year 1991: ¥4,000,000 (Direct Cost: ¥4,000,000)
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| Research Abstract |
The purpose of this research is to investigate how the introduction of new technology influences firm's demand for youth labor force, on the job training and labor mobility. This study distinguishes between technological change taking place in the short-run (1980-85) and in the long-run (1960-85), and how different it is for the firm to respond to new technology in the short-run and in the long-run. It is found that in the short-run, the faster the introduction of new technology for the firm, it is more likely to increase the demand for highly educated workers. However, in the long-run workers become accustomed to the new technology and the firm reduces the number of highly educated workers and increases on-the-job training among incumbent workers. Thus, in the short-run the rate of return on education increases for the firm which introduces new technology rapidly, and increases the wage differentials between workers by level of educational attainment. However, in the long-run, highly educated workers are substituted for by extensive on-the-job training, and wage differentials narrow.
Regarding the relationship between job turnover and technology, the results were not significant. This requires further research.
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