Yamada, Ken; Kawaguchi, Daiji - Institute of Economic Research, Hitotsubashi University - 2012
Wage inequality declined in the 1990s for full-time male workers in Japan, while it in- creased in the 2000s. We find that a decreased return to firm-specific human capital, which has been neglected in previous empirical analyses of inequality, is a key factor preventing a rise in wage...