• Journal of Labour Economics
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• v.25 no.2
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• pp.1-32
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• 2002

This paper investigates how real wages adjust to regional and cyclical shocks in the Korean labor market. Major findings are as follows. First, like most longitudinal studies in this literature, we find that real wages are strongly procyclical and more procyclical for men than for women. Second, consistent with the theory prediction of efficiency wages, both permanent and transitory components of real wages are negatively correlated with the local unemployment rate. Third, when overall and local unemployment rates compete in a wage equation (our preferred specification), current wages are dominantly affected by the overall rate, and the effect of the local rate is rather small. This rejects the Blanchflower and Oswald's hypothesis that wages are primarily determined by local labor market conditions. Finally, no lagged effects on wages are detected in the overall or local unemployment rate.

• Journal of the Korean Regional Science Association
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• v.34 no.3
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• pp.43-54
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• 2018

This paper analyzes the effects of population aging on regional differentiation from the New Economic Geography perspective. The addition of old-age population variable affects the price index, income, nominal wage, and real wage derived in the short-run equilibrium. Using the new model, we can better explain industrial agglomeration patterns corresponding to the new long-run equilibrium. As the real wage criterion does not properly take the old-age group into account, we employ the indirect utility function as an additional condition for equilibrium. We further consider tax as a policy tool for achieving a better long-run equilibrium. This would enable the government to direct the economy toward a particular equilibrium desired in the face of population aging.

• Korean Journal of Labor Studies
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• v.14 no.2
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• pp.1-21
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• 2008

1989~91년과 2004~7년에 이루어진 법정근로시간 단축이 실근로시간과 고용, 실질임금에 미친 영향을 분석했다. 통상적인 회귀분석과 벡터오차수정 모형을 병행해서 추정한 결과 확인된 사실은 다음과 같다. 첫째, 법정근로시간 단축으로 실근로시간과 월근로일수가 감소했다. 법정근로시간을 10% 단축할 때 실근로시간은 8.0% 감소하고 월근로일수는 3.0% 감소했다. 둘째, 법정근로시간 단축에 따른 실근로시간 단축은 고용증가로 이어졌다. 근로시간을 10% 단축할 때 단기적으로는 고용증가 폭이 미미하지만, 장기적으로 취업자는 8.5%, 노동자는 13.1% 증가했다. 셋째, 실근로시간 단축으로 시간당임금은 증가했다. 즉 실근로시간이 10% 단축될 때 시간당임금은 장기적으로 13.3% 증가했다. 그러나 월임금총액은 유의미한 영향을 받지 않았다.

• Journal of Labour Economics
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• v.26 no.3
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• pp.77-114
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• 2003

Analyses of the special data sets constructed from the National Longitudinal Survey of Youth and the Panel Study of Income Dynamics reveal that, compared with an annual wage measure, survey week wages are significantly counter-cyclically biased due to selecting workers with strong labor market attachment. We also find that survey week wages are more counter-cyclically biased in high-wage industries than in low-wage industries, that is, inter-industry gaps of survey week wages are counter-cyclically biased. Unlike existing longitudinal studies, the current study concludes that real wages are much more procyclical in high-wage industries than in low-wage industries, which is attributed to our adoption of annual wages that is less subject to the selectivity bias. Our finding is consistent with the empirical regularity that real wages are much more procyclical for men than for women, as men are overrepresented in industries with greater real wage procyclicalities. Overall, current results do not support the predictions of segmented labor market theories for the cyclicality of real wages.

• Journal of Labour Economics
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• v.37 no.2
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• pp.1-47
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• 2014

Longitudinal analysis of individual wage data received from the Korea Labor and Income Panel Survey (KLIPS) for the 1998-2012 period reveals that nominal wage reductions are prevailing among job stayers. It is also found that the probability of nominal wage cut is higher in the period of lower inflation or higher unemployment, and affected by various individual or group characteristics. Additional analysis of two establishment-based average wage series and the KLIPS shows that real wages are substantially procyclical, which is attributed to the strong procyclicality of nominal wages rather than countercyclicality of inflation. Current findings defy wage-rigidity-based explanations of unemployment fluctuations or models that predict wage rigidity, inlcluding segmented labor market hypotheses.

• Korean Journal of Social Welfare Studies
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• v.42 no.4
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• pp.137-163
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• 2011

The objective of this study is to examine the trend of real earnings for TANF leavers. Using administrative data in Wisconsin, this study tracks the 1998 TANF leavers over 7 years. Based on the cyclicality of real wage hypothesis, this study finds: First, although the average real quarterly earnings of TANF leavers have remained stable since their exits, there are substantial labor mobility among TANF leavers. Second, the panel data analysis shows that the real earnings of TANF leavers are significantly associated with local labor market conditions, which supports the hypothesis on the cyclicality of real wages. This study has policy implications that labor market conditions matter for the economic well-being of TANF leavers and the labor demand policies are needed for the economic security of TANF leavers after the exit.

• Journal of Labour Economics
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• v.24 no.3
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• pp.13-38
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• 2001

The question about whether a shorter workweek may increase employment has been a serious issue and been furiously debated among collective bargainers. The advocators recommend publicly that a reduction in standard working hours will provide benefits to the unemployed through the provision of new jobs, and also can improve the quality of life workers. The opponents argue that a shorter workweek will increase labor costs and induce firms to reduce their production levels, and consequently cut back their demand for labor. Although the debate is still continuing, considerable has been made toward achieving the goal workweek reduction. The analytical framework of this paper is a Putty-clay-model, in which the short-and long-term impacts of changes in working time on the employment associated with the interrelations of wages, prices, hourly labour productivity, the firm's labor demand, business cycle and economic growth etc. must be analyzed.

• Korea journal of population studies
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• v.18 no.1
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• pp.63-87
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• 1995

본 논문은 기혼여성의 경제활동 참가와 경제활동 참가 이후의 노동시간 공급을 결정짓는 요인을 분석하고, 그러한 노동공급행태의 시기적 변화를 살펴보았다. 이에 의하면, 학력이 높을수록 오히려 경제활동에 참가할 확률이 떨어지며, 6세 미만 자녀가 없을수록, 타소득수준이 낮을수록 경제활동 참가확률이 높게 나타난다. 미국의 경우 임금상승이 기혼여성 노동공급증가의 주요한 원인이라는 결론이 실질적으로 모든 연구에서 반복되어 왔으나 한국의 경우 실질임금수준은 크게 상승하지 않았음에도 불구하고 기혼여성의 노동공급이 이보다 빠른 속도로 증가했다. 그러나 1992년 분석결과에서 기혼여성의 취업구조가 다소 변화하고 있음을 확인할 수 있다. 무엇보다 시장임금수준이 높을 것으로 기대되는 여성일수록 경제활동 참가확률이 높아지는 경향이 뚜렷하게 나타난다는 사실이 1985년과 비교해 주요한 특징을 이룬다. 그러한 변화는 학력이 경제활동에 미치는 음의 효과가 여전하고 노동시간으로 본 노동공급이 시장임금의 변화에 영향을 받지 않는 것으로 나타난 점에서 상당히 완만하게 진행되고 있음을 알 수 있다.

• Journal of Labour Economics
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• v.29 no.3
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• pp.49-74
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• 2006

Even though the foreign currency crisis in 1997 and the introduction of Inflation Targeting(IT) have been considered as key factors for current low inflation, there have been few attempts to explain what is the contribution of the dynamics of wage and price to the low inflation. This study is to analyze the relation between wage and price especially focusing on how it through the economic events using cointegration instability tests. The result shows that the short and long-run relation between two have variables have changed through the period of 1997~1999. In the first subperiod, wage tended to respond immediately to inflation shocks, whereas price responded to wage shocks in a long-run. Moreover, the cointegration coefficient of price was equal to 1. In the second subperiod, however, the dynamics from price to wage has been weakened and the real wage has declined apparently. These findings mean that the workers have failed to raise their wage at the rate of inflation, that is, the so-called wage-price spiral was broken for the second subperiod. The implication of this study is that the relatively weak bargaining power of workers, or the condition of labor market, is one of the primary factors of the current low inflation.

• 월간 기계설비
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• s.318
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• pp.78-81
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• 2017

최근 이랜드그룹이 그룹 내 외식사업체 근로자 4만4천여명에게 83억 7천여만원의 임금을 미지급한 것이 고용노동부 근로감독결과 적발되어 사회적으로 비난의 대상이 되었다는 보도가 있었습니다. 이랜드그룹의 임금체불액을 포함하여 올해 임금체불액은 1조 4천여억원으로 사상 최대 금액에 달한다고 합니다. 임금생활자에 대한 체불은 해고와 더불어 생존권을 위협하는 일임에도 임금체불에 대한 실질적인 법적 제재가 크지 않아서인지 체불액은 줄어들고 있지 않습니다. 근로자들의 권리의식이 신장되고 포털사이트 및 인터넷을 통해 법률정보의 취득이 대중화되고 무료상담 등도 늘어나면서 재직 중에 못 받은 각종 수당 등을 퇴직 후에 청구하는 사례 등도 늘어나고 있습니다. 특히 기간제 근로자 및 단시간 근로자의 연차휴가수당, 주휴수당, 시간외근로수당과 관련하여 중소기업 사업주들이 잘못 알고 있는 경우가 많은데요. 이랜드그룹의 경우도 아르바이트 직원의 연차휴가수당, 시간외수당, 휴업수당 등이 문제가 된 경우입니다. 임금체불이 줄어드는 2017년이 되길 바라면서 이번 호에는 기간제 및 단시간 근로자의 주휴수당, 연차휴가수당, 시간외수당에 대해 알아보고자 합니다.