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Job Rotation and Public Policy: Theory with Applications to Japan and the USA

Panos Mourdoukoutas (Long Island University, USA and Nagoya University, Nagoya, Japan)
Udayan Roy (Long Island University, New York, USA)

International Journal of Manpower

ISSN: 0143-7720

Article publication date: 1 August 1994

Abstract

Argues that the high job mobility observed most prominently among workers in Japanese firms is consistent with the behaviour of risk‐averse individuals when neither private nor public income insurance is widely available to displaced workers. Laissez faire is suboptimal and involves higher job mobility than is socially optimal. Public provision of income insurance yields a Pareto improvement and reduces job rotation. Government job training schemes may push rotation levels even higher than the levels under laissez faire and could, therefore, be counterproductive.

Keywords

Citation

Mourdoukoutas, P. and Roy, U. (1994), "Job Rotation and Public Policy: Theory with Applications to Japan and the USA", International Journal of Manpower, Vol. 15 No. 6, pp. 57-71. https://doi.org/10.1108/01437729410065353

Publisher

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MCB UP Ltd

Copyright © 1994, MCB UP Limited