• Journal of Labour Economics
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• v.34 no.1
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• pp.103-138
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• 2011

This paper examines the changes in relative wage of top 10 college graduates to the other college graduates among the age group of 26-28 years using Korean Labor and Income Panel Study (KLIPS). From 1999 to 2008, the wage differential between top 10 college graduates and the other college graduates increased in South Korea. This wage differential seems to persist along with their age. Within industry wage differential among college graduates also rose but in the late 2000s it became smaller than the wage differential within firm size and industry. Increase in elite college wage premium has led to recent changes in college wage premium.

• Journal of Labour Economics
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• v.34 no.2
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• pp.1-27
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• 2011

This paper analyzes the demand and supply structure of the market for college professors, and then characterizes the changes in the economic status of them for the last three decades. On the supply side, the number of Korean recipients of doctorate degrees from the U.S. institutions, relative to the number of newly hired professors, has declined dramatically since early 1990s. The relative remuneration of professors, which is found to be closely related to the 'number of students per professor', has also declined steadily. These suggest that the decline in the relative wage of professors has been a driving force for the decline in the relative size of new PhD's in the U.S.

• Journal of Labour Economics
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• v.39 no.4
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• pp.31-56
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• 2016

This study analyzes the effect of a minimum wage on the wage compression within Korean establishments. The results are as follows. Firstly, increases of a ratio of workers who get minimum wage within establishments have a effect to compress the wage distribution within establishments. Secondly, the establishment average wages get lower as their minimum wage ratios get larger. In this situation, high wage group's wages fall deeply than low wage group's these. Thirdly, the relative wages of high wage group to low wage group tend to be small as their minimum wage ratios get larger. To conclude, a increase of minimum wage has a effect to raise low wage workers' wages directly, and to reduce high wage workers' wages or increase rates indirectly. And the wage distributions are compressed as a result. So government's policy to increase minimum wage will have a result in reducing wage inequality.

• Journal of Korean Society of Forest Science
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• v.112 no.2
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• pp.217-229
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• 2023

Forest projects often apply construction industry labor rates, without considering the demanding work conditions and labor intensity unique to forest operations, resulting in workplace issues. This study aims to analyze forest operations' characteristics and wage survey methods in other fields to establish a framework for surveying the wages of forest workers. The developed framework was tested through direct surveys conducted with all forest operation companies. Survey items included actual wages by occupation, identification and removal of outliers using quartile deviation, and occupation-based wage calculation. Results revealed that the appropriate wages for 2022 were as follows: KRW 163,376 for general workers, KRW 221,407 for special workers, KRW 250,045 for work leaders, and KRW 239,863 for wood cutters. These figures were 16.27% higher than those derived from the standard construction wage survey. The developed framework was validated by comparing the appropriate wages with both the standard construction wage survey and the forestry workers' wage. The results indicated that the wages calculated using the developed framework were 4.5% more similar to the forestry workers' wage compared with those from the standard construction wage survey. Consequently, the standard construction wage survey was deemed unsuitable for forest projects. To ensure efficient forest operations, it is imperative to conduct wage surveys using the developed framework over multiple years to accumulate sufficient data.

• Journal of Labour Economics
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• v.28 no.1
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• pp.105-133
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• 2005

This paper attempts to verify that the economic gap between the workers in (large) firms with unions and those in (small and medium size) firms with no unions has recently been widened rapidly. A comparison of the wages of the workers belonging to the business establishments with and without trade union shows that the union premium has increased very sharply since 1997, after a relatively long periods with little changes. Also found is that union sector has witnessed a sharper decline in the share of the new entrants among workers as well as a faster increase of the average tenure of workers. These all indicate that the trade unions have forced a market equilibrium to move farther away from the competitive equilibrium in recent years.

• The Safety technology
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• no.46
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• pp.8-13
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• 2001

미국의 사회복지보험학회(National Acadamy of Social Insurance)에서 임금대비 근로자의 재해보상비를 비교 발표한 보고서 내용으로, 근로자의 재해보상비와 산업재해의 동향 관계가 어떠한가에 대해 알 수 있는 부분이므로 이 번호에 소개한다.

• International Area Studies Review
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• v.14 no.1
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• pp.3-29
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• 2010

The purpose of this paper is to examine the transmission of domestic and foreign real and monetary disturbances into a small country with heavy imports of intermediate goods, and to analyze how the wage indexation in a small country affects the transmission of foreign disturbances into a small country. We consider the two countries, a small country and the rest of the world, two goods, and rational expectations world model under flexible exchange rate system with perfect capital mobility. We find out that foreign disturbances are transmitted into a small country through the price channel, the foreign output multiplier channel, and the nominal interest rate channel, and the foreign real balance channel. We have conducted an empirical investigation by using the Korean data for a small country and the U.S. data for a large country to see how real and monetary disturbances originating from the US affects the Korean economy with wage indexation.

• 한국사회정책
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• v.23 no.3
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• pp.17-47
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• 2016

This paper aims to analysis working-time of Korea focusing on "the difference and the distribution" by a stratum. Classifying working-time into four categories including marginal part-time, part-time work, standard-time work and long-time working, it compares the relative distribution by income quintile. The outcome is as following : 20% of low-ranking income quintile are (marginal) part-time working, 60% from income quintile 2 to 4 are in long-time working and 20% of top-ranking income quintile are in the standard-time working in overall. Working-time classes can be divided up into three: short time-low income of type 1, long time-medium income of type 2 and standard time-high income of type 3. Analysing working time type, the low wage-short time, medium wage-long time and high wage-standard time by the wage per month and low wage-very long time, medium wage-long time and high wage-standard time by the wage per hours are confirmed. Also, stratification of working-time has been intensified in terms of age, jobs and work status. Policy implication from this study is that the increase of minimum wage to the lowest income class and creation of employment by the reduction of working-time to the medium income class could be effective policies.

• KDI Journal of Economic Policy
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• v.20 no.1_2
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• pp.231-290
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• 1998

본고에서는 한 국가가 요소부존도의 독특성을 상실함으로써 교역조건의 악화 및 후생손실을 겪을 수 있다는 '헥셔올린 구축가설'을 이론적 토대로 지난 20년간 우리나라 제조업의 구조변화를 분석함으로써 당면하고 있는 구조적인 문제점이 무엇인가를 살펴보려 하였다. 그 결과 그간 중고등교육 노동력의 급속한 양적 팽창에도 불구하고 이러한 요소를 집약적으로 사용하는 부문(전기 전자, 기계 등 일본가 같은 선진국과 경쟁관계에 있는 부문)의 비교우위 획득속도가 매우 더디었을 뿐 아니라, 이 부문의 상대가격이 중장기적으로 하락하여온 것으로 나타났다. 이러한 현상이 요소부존도의 독특성 상실에 기인하는 한 이는 헥셔올린 구축가설과 일맥상통한다고 볼 수 있다. 또한 비숙련산업(섬유 의류 등)은 중국 및 동남아의 등장 이후 비교우위를 급속히 상실하고 있는 것으로 나타났다. 하지만 이 부문에서 수입물가대비 수출물가가 오히려 지속적으로 상승한 것은 헥셔올린 구축가설이 의미하는 것과는 정반대의 현상이라고 할 수 있겠다. 종합적으로 반숙련 및 숙련(화학 등)산업에서의 상대가격 및 교역조건(수출물가/수입물가) 하락현상이 두드러져 제조업 전체로는 80년대 후반 이후 교역조건 악화현상이 일어났다고 판단된다. 교역조건의 악화현상은 우리가 만든 물건을 값싸게 수출하고 값비싼 물건을 수입하여야 한다는 점에서 후생의 손실을 의미한다. 동태적으로도 반숙련 및 숙련산업에서의 상대가격 및 교역조건 악화는 중등 및 고등교육인력의 상대임금을 하락시켜 인적자본의 축적을 저해하는 방향으로 작용할 것이다. 이러한 현상이 일어난 원인이 본고에서 주장한 바와 같이 요소부존도의 독특성 상실에 있다면 이에 대한 대책은 차별화 및 혁신능력을 보유한 양질의 인력양성과 같은 것이 될 것이다. 그러나 본고가 물적자본이나 기술과 같은 요소들을 고려하지 못한 한 구체적 정책적 함의의 도출에는 보다 신중을 기해야 할 것이다.

• Journal of Labour Economics
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• v.28 no.2
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• pp.29-54
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• 2005

This paper presents a simple two-sector general equilibrium model of noncomparative advantage trade between structurally identical advanced economies. Attention has focused on the effects of trade in information technology (IT) goods and services on the wage inequality in the digital economy. The model confirms and illustrates that wage inequality in the digital economy reflect trade in IT goods and services between advanced economies. In particular, this paper shows that even though the relative price of skilled labor-intensive technology good is declined with trade in IT goods and services, the wage of skilled labor increases. The reason is that as Jorgenson (2001) has empirically found, the price elasticity of demand for the technology goods is elastic.