Overview

What factors cause the differences of income inequality to Japan, China, America three countries.Following, I shall indicate what factors cause the differences of income inequality to Japan, China, America three countries. First, Japan and China Asia both countries have similar factors to cause the income (wage) inequalities. These two countries' employers usually divide the income class that have the top and bottom income classes in their societicies. In fact, Japan and China income gap are similar widening. The Japanese and Chinese have negative perceptions about the income gap because labours perceive whose wages to be influenced by talent, academic background or luck and this perception seems relatively uncommon in the another Western countries, such as America. A large percentage of Japanese and Chinese also think one' income is decided by talent, ademic background or luck, although it should not be. The reason is possible caused by Japan and China societies both have experienced changes in the population structure, family structure and mobility among the income classes during the last three decades.By past income statistics indication, the income inequality of single member householders are ususally lower than those householders with two or more members in Japan and China country. So, it seems the family aging population structure factor can influence wage inequality in Japan and China both countries. The past statistics also indicated that the income inequality in Japan and China have been greater within older group. This life long gap starts widening around the age of 40, when the speed of job promotions begins to differ among employees. Otherwise, America many have addressed skill-biased technicial change and globalization of the economy as the potential causes of the widening income inequality. It seems America inequality wage challenge is caused by these two factors: First, technological progress had been biased by favoring highly educated or high skilled workers. Second, globalization of the economy had decreased the demand for lower educated workers in developed countries, such as America.In Japanese and Chinese labour markets, the relative demand for college graduate worker is significantly associated with the amount of investment in research and development as well as with the import ratio from East Asia or the overseas production ratio is raising to Japan and Chinese manufacturing industry nowadays. Also, although an increased demand for college graduate workers was observed in Japan and China, the increase in the wage differentials between college graduates and high school graduates was relatively small, because the supply of college graduate workers increased at the same time. So, causing of household income mobility reason can also influence wage inequality with Japan and China.

Full Product Details

9781792684548

Table of Contents

Reviews

Author Information

Tab Content 6

Customer Reviews

Recent Reviews

Countries Available