In international comparisons it was found that manufacturing productivity growth slowed after 1973 and unit labor costs accelerated in most industrial countries including the United States. Aggregate hours rose only in the U.S. (CT)

Japan's employment model has been that of "lifetime employment," especially for male college-educated workers. Under such a system, an individual becomes employed by a firm upon graduation and remains in its employ until retirement. (Author/SSH)

Examines the comparative labor market experience of youth in the United States and eight other developed countries from 1960-1979, focusing upon unemployment levels and rates. Finds that the situation worsened in industrialized nations after the 1974-75 recession and that Japanese and German youth continue to have the most favorable job prospects.…