Research Programs: Human Capital

Human Capital Investment, Role of Management, and Productivity

Project Leader/Sub-Leader

OWAN Hideo

OWAN Hideo (Faculty Fellow)

Leader

Overview

With the development of digital technology, friction in the labor market is decreasing, and with the addition of the declining birthrate, the labor market is becoming more competitive. The addition of the requirement to disclose human capital information will transform human resource management strategies based on the premise of corporate retention into competitive strategies for acquiring human resources through the disclosure of human capital information. Meanwhile, the elements of Japanese management, such as centralized personnel management, seniority-based compensation, and slow promotion, which were once seen as effective mechanisms for promoting the accumulation of firm-specific human capital, are now being pointed out as harmful factors that inhibit career autonomy. In addition, the intensification of competition and the development of information technology require a change in management structure that allows for more flexible resource reallocation and coordination.

In this changing environment, what policies and measures are required of governments and companies, and what effects can be seen in companies that are already implementing reforms? From this perspective, research will be conducted on the following 11 themes, focusing on human capital investment, internal labor market reform, management quality, and diversity:

(1) Digital reskilling: Incentives for retraining, (2) Measuring the return on investment of digital training, (3) Managerial behavior, top executive development measures and firm performance, (4) The role and challenges of decentralized job placement, (5) Coordination in teams of knowledge workers, (6) Career autonomy, (7) Personality and career advancement, (8) Effect of affirmative action in sports, (9) Evaluation bias in post-merger integration (PMI), (10) Impact of external shocks and increased parental leave on personnel mobility, (11) Importance of socializing at work.

November 11, 2024 - April 30, 2027

(During the research project period, the research activity period is set from November 11, 2024, to October 31, 2026, and the data usage reporting period is set from November 1, 2026 to April 30, 2027.)