Research Digest: Cohort Size Effects on Promotion and Pay

RIETI Highlight 2014 Special Edition Unemployment among young people has posed a major problem to several countries. The International Labour Organization (ILO) estimates worldwide unemployment for 15-24 year olds at 12.6% for 2013, with the rate remaining above 12% through 2018. As regular full-time positions are in short supply during the economic downturn, there has been an increased proportion of non-permanent workers. Professor Kawaguchi and his co-authors have investigated how tough economic times impact the way Japanese large companies treat those who are fortunate enough to have secured regular employment with them.