The nature and consequences of lawyers' market regulation in Japan.
In Japan, the lawyers' market is regulated so strictly that the contrast between the small lawyers' market and the huge economy is surprising. The number of lawyers is about 15,000, while the GDP and population are $4 trillion and 130 million, respectively. The regulation is governed principally by...
| Publicado en: | Contemporary Economic Policy Vol. 18; no. 2; pp. 181 - 194 |
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| Formato: | Artículo |
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Wiley-Blackwell
April 2000
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=511159307&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 511159307 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 10743529 CEY jtl: Contemporary Economic Policy issn: 10743529 maglogo: N pubinfo: dt: April 2000 vid: 18 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 511159307 10.1093/cep/18.2.181 ppf: 181 ppct: 13 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1.4MB tig: atl: The nature and consequences of lawyers' market regulation in Japan. aug: au: Kinoshita, Tomio su: Higher education & economics Practice of law Lawyers Japan sug: subj: Japan Higher education & economics Practice of law Lawyers ab: In Japan, the lawyers' market is regulated so strictly that the contrast between the small lawyers' market and the huge economy is surprising. The number of lawyers is about 15,000, while the GDP and population are $4 trillion and 130 million, respectively. The regulation is governed principally by the Supreme Court of Japan and the Ministry of Justice. Regulations are implemented mainly through (1) strict bar examinations and (2) long trial times. The pass rates of the exam are 2-4% each year, and the average trial time (civil cases and District Courts) is 19.2 months. The consequences of the regulation are that (1) consumers pay 13.9-100.0% higher prices than in countries with no regulation, and (2) the expected rate of return on human capital investment in lawyers is very low, around the 0% level. It is not only a great loss for Japanese economy but also very unfortunate for university students that the investment opportunity in this most respected profession is almost blocked. (JEL K23, K40) Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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