• Journal of Labour Economics
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• v.39 no.2
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• pp.35-51
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• 2016

Using the Korea Labor and Income Panel Study (KLIPS) from 2000 to 2008, we estimate the Frisch elasticity of labor supply. Our point estimates of the intensive margin elasticity are around 0.23. The estimates are not sensitive to changes in household income and assets as well as changes in workweek regulation during the sample period that workers shall work for 5 days per week from Monday to Friday. We also estimate the extensive margin elasticity by considering labor market participation. We find that the point estimates at the extensive margin are greater than those at the intensive margin, but not statistically significant.

• Journal of Labour Economics
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• v.18 no.1
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• pp.129-145
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• 1995

• Journal of Labour Economics
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• v.36 no.3
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• pp.29-64
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• 2013

This paper documents the recent changes in wage density and decomposes them. Middle group is found to have shrunk, one-third of which reflects the changes in worker composition. The rest mostly reflects insufficient supply response to the rising skill demand within jobs. The pattern is more pronounced among manufacturing, large and unionized firms, and production workers.

• Proceedings of the Korea Water Resources Association Conference
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• 2012.05a
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• pp.784-784
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• 2012

수자원사업에 의해 공급되는 공업용수는 대상 사업체에서 노동, 자본, 토지 등과 더불어 필수적인 투입재이다. 이러한 투입재의 안정적인 확보는 해당 산업이 부가가치를 창출하는데 매우 중요한 사안이다. 공업용수의 공급이 중단될 시 해당 산업에서의 피해액은 동일한 공급량 기준으로 봤을 때, 생활용수나 농업용수에 비해 매우 크다고 알려져 있다. 이러한 공업용수 공급의 가치를 확인하고자 본 연구는 산업단지를 대상으로 공급되는 공업용수의 한계생산가치를 생산함수 접근법을 기반으로 추정하였다. 자료의 불확실성을 고려하기 위하여 통계적 기법을 기초로 한 4가지 기준으로의 데이터 정제를 실시하여 각각에 대한 공업용수의 한계생산가치를 추정하였고, 각각의 결과로부터 최소, 최대의 범위로 제시하였다. 본 연구에서 확인한 공업용수 공급의 가치는 향후 수자원사업 시 비용배분, 용수배분, 사업의 경제적 타당성 유무 등과 관련한 의사결정의 문제에서 합리적인 기준을 제공할 수 있을 것으로 기대된다.

• Journal of Korean Society of Transportation
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• v.32 no.4
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• pp.357-368
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• 2014

So far, land use-transportation models have been used exclusively for numerical analysis. A recent theoretical endeavor now enables us to derive the first-order derivative of the model's welfare function with respect to policy variables. I extend this methodology into the institutional setting where toll revenues are recycled through labor income tax. In this setting, the first-order derivative is composed of (1) the increase in welfare due to reduced congestion, and (2) the decrease in welfare due to interaction with the existing labor income tax. This result coincides with existing theory in the non-spatial model.

• KDI Journal of Economic Policy
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• v.12 no.4
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• pp.47-69
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• 1990

Using an aggregator model, we look into the possibilities for substitution between Korea's exports, imports, domestic sales and domestic inputs (particularly labor), and substitution between disaggregated export and import components. Our approach heavily draws on an economy-wide GNP function that is similar to Samuelson's, modeling trade functions as derived from an integrated production system. Under the condition of homotheticity and weak separability, the GNP function would facilitate consistent aggregation that retains certain properties of the production structure. It would also be useful for a two-stage optimization process that enables us to obtain not only the net output price elasticities of the first-level aggregator functions, but also those of the second-level individual components of exports and imports. For the implementation of the model, we apply the Symmetric Generalized McFadden (SGM) function developed by Diewert and Wales to both stages of estimation. The first stage of the estimation procedure is to estimate the unit quantity equations of the second-level exports and imports that comprise four components each. The parameter estimates obtained in the first stage are utilized in the derivation of instrumental variables for the aggregate export and import prices being employed in the upper model. In the second stage, the net output supply equations derived from the GNP function are used in the estimation of the price elasticities of the first-level variables: exports, imports, domestic sales and labor. With these estimates in hand, we can come up with various elasticities of both the net output supply functions and the individual components of exports and imports. At the aggregate level (first-level), exports appear to be substitutable with domestic sales, while labor is complementary with imports. An increase in the price of exports would reduce the amount of the domestic sales supply, and a decrease in the wage rate would boost the demand for imports. On the other hand, labor and imports are complementary with exports and domestic sales in the input-output structure. At the disaggregate level (second-level), the price elasticities of the export and import components obtained indicate that both substitution and complement possibilities exist between them. Although these elasticities are interesting in their own right, they would be more usefully applied as inputs to the computational general equilibrium model.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.12 no.1
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• pp.181-187
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• 2011

This paper deals with the job creation effect of economic growth by focusing on the types of technological progress. The hypothesis is that labor-saving technological change may create less job than capital-saving or factor-neutral ones. The hypothesis is proved theoretically using an equilibrium model of labor market. Empirically, first, a simulation experiment is performed to check the hypothesis empirically and confirms it. Secondly, we look at labor/capital ratio since it may be affected by the type of technological improvement. One important policy implication is that job creation effect of economic growth depends on the structure of labor supply as well as that of labor demand.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.29 no.2B
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• pp.173-179
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• 2009

Industrial water supplied by water resource project is essential input materials along with labor, capital and land for companies. It is very important to stably secure these input materials in order for the industry to generate additional values. If the supply of industrial water is stopped, it is known damage for the industry is greater than domestic water or agriculture water based on same amount of supply. Like this, the actual value of industrial water has been highly acknowledged from the intuitive perspective, but study on the value and benefits of industrial water has been rarely conducted. Therefore, this study verified the value of industrial water supplied from water resource project, and used marginal production value as a measure to estimate the benefits of industrial water in the analysis of economic efficiency. As a result of empirical analysis using Cobb-Douglas production function and Translog production function, industries' average marginal production value was $5,427KRW/m^3$ and $5,583KRW/m^3$ respectively. The marginal production value for eleven industries were estimated by using same method. The marginal production value by industries presented by this study will be used as important data to calculate benefits of industrial water in the future. Moreover, the result of this study will provide reasonable criteria for decision making on the allocation of water in emergency situation, and problem of resource supply from water resource project.

• Journal of Labour Economics
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• v.36 no.1
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• pp.45-62
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• 2013

In this study, we revisit an empirical literature has found that neighborhood income inequality lowers people's likelihood of contributing public goods in terms of volunteering. We contribute to the literature by explicitly addressing the issues of larger and improper neighborhood choice with a census-type data and endogenous neighborhood location with some unique features of 2009 Social Survey Data by Statistics Korea. The results have confirmed that income heterogeneity lowers people's volunteering.

• Journal of Environmental Policy
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• v.10 no.3
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• pp.93-117
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• 2011

The double dividend hypothesis of environmental taxes has been a very widely debated research topic since its introduction in the mid-80s. Unlike the second generation studies, which stated that the double dividend environmental taxes were impossible to realize, the third generation researchers of today are focused on assumptions or conditions that make the hypothesis viable. The third generation studies state that the double dividend hypothesis is possible through functional form assumptions, such as the characteristics of taxes levied on polluting goods and the overall tax efficiency of the initial tax systems. The most notable, however, is the fact that the working mechanisms of third generation studies, upon closer inspection, give homogeneous effect on the labor markets, although at first glance the third generation studies take seemingly unrelated approaches. This thesis stems from such idea, and it attempts to analyze the effects of environmental taxes on the labor market. After a thorough analysis, the results match the intuition, as the viability of the double dividend hypothesis of environmental taxes largely depends on the effects that policy changes generate on the labor market. In order for the hypothesis to be plausible, environmental tax policies have to increase the labor supply.