• Title/Summary/Keyword: Differentials

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The Sources of Firm Size-Wage Premium (기업규모 간 임금격차 원인 분석)

  • Song, Sang Yoon
    • Journal of Labour Economics
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    • v.41 no.4
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    • pp.63-105
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    • 2018
  • This paper analyzes the effects of three factors on the firm-size wage premium which have not been considered in previous studies: the worker compositions within firms, the wage differentials between contractors and subcontractors, and the performance pay and rent-sharing behaviors of firms. The main results are as follows. First, even after controlling for the various worker characteristics, the differences in shares of highly educated workers, managers, and professionals between large and small firms make the size-wage premium larger. Secondly, wage differentials between contractors and subcontractors also affect the size-wage premium in the manufacturing sector. Thirdly, high performance pay and active rent-sharing behaviors of large manufacturing firms make the size-wage premium larger. These results imply that a positive matching effect among skilled workers, a structural problem between contractors and subcontractors, and differences in rent-sharing behaviors between large and small firms have affected the firm-size wage premium in the South Korean labor market.

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A Systematic Process of Product Design Based on Customer Preferences

  • Chun Young H.;Baek Ingie;Jung Eui S.
    • Proceedings of the Korean Society for Quality Management Conference
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    • 1998.11a
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    • pp.325-332
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    • 1998
  • In the context of total quality management, customer satisfaction is a key factor of success. Customer needs have been in the past described with rather vague words. In order to lead in the competitive market, product designers must be willing to interpret and reflect customer perceptions of a product on the design. The objective of this research is to develop a systematic process capable of linking customer preferences on a product to the design of product elements or specifications. The design process consists of multivariate statistical analyses, semantic differentials, and multidimensional scaling techniques under the framework of a methodology known as quality function deployment which is frequently used to construct a quality design process. The process being established is expected to serve as an effective means to communicate between the customer and the designer through proper representational schemes of design elements.

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Characteristics of Lightweight Hydraulic Directional Control Valve for Emergency Steering in Hybrid Electric Commercial Vehicles (하이브리드 상용차용 경량 비상조향장치 유압방향제어밸브의 성능특성 연구)

  • Park, Kyungmin
    • Tribology and Lubricants
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    • v.29 no.5
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    • pp.291-297
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    • 2013
  • Hydraulic directional control valves actuated by solenoid are used to control emergency steering in general or hybrid electric commercial vehicles. In this study, a new lightweight hydraulic directional control valve was designed by flow and structural simulation, and was fabricated; the basic operation, pressure differentials, and inner leakage flow were evaluated experimentally. In the results, the new model showed comparable performance with an existing imported valve. New valve was 80% the weight of the existing valve and had few components. Installing this valve on a truck body is easier because of its compactness and small size.

Improved Side-Channel Attack on DES with the First Four Rounds Masked

  • Kim, Jong-Sung;Hong, Seok-Hie;Han, Dong-Guk;Lee, Sang-Jin
    • ETRI Journal
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    • v.31 no.5
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    • pp.625-627
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    • 2009
  • This letter describes an improved side-channel attack on DES with the first four rounds masked. Our improvement is based on truncated differentials and power traces which provide knowledge of Hamming weights for the intermediate data computed during the enciphering of plaintexts. Our results support the claim that masking several outer rounds rather than all rounds is not sufficient for the ciphers to be resistant to side-channel attacks.

Regional Relative Price Disparities and Their Driving Forces

  • Chang, Eu Joon;Kim, Young Se
    • East Asian Economic Review
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    • v.21 no.3
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    • pp.201-230
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    • 2017
  • This paper studies the long-run behavior of relative price dispersion among cities in Korea with a special emphasis on heterogeneous transitional patterns of price level dynamics. Formal statistical tests indicate considerable evidence for rejecting the null of relative price level convergence among the majority of cities over the sample period of 1985-2015. The analysis of gravity model suggests that the effect of transportation costs on intercity price level differentials is limited, while other socioeconomic factors, such as income, input factor prices, demographic structure, and housing price growth, play key roles in accounting for persistent regional price level disparities. Individual price levels are found to be better explained by a multiple-component model, and the deviations from PPP may be attributed to distinct stochastic common trends that are characterized by income and demographic structure.

Temporal Variation Due to Tense vs. Lax Consonants in Korean

  • Yun, II-Sung
    • Speech Sciences
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    • v.11 no.3
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    • pp.23-36
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    • 2004
  • Many languages show reverse durational variation between preceding vowel and following voiced/voiceless (lax/tense) consonants. This study investigated the likely effects of phoneme type (tense vs. lax) on the timing structure (duration of syllable, word, phrase and sentence) of Korean. Three rates of speech (fast, normal, slow) applied to stimuli with the target word /a-Ca/ where /C/ is one of /p, p', $p^h$/. The type (tense/lax) of /C/ caused marked inverse durational variations in the two syllables /a/ and /Ca/ and highly different durational ratios between them. Words with /p', $p^h$/ were significantly longer than that with /p/, which contrasts with many other languages where such pairs of words have a similar duration. The differentials between words remained up to the phrase and sentence level, but in general the higher linguistic units did not statistically differ within each level. Thus, the phrase is suggested as a compensatory unit of phoneme type effects in Korean. Different rates did not affect the general tendency. Distribution of time variations (from normal to fast and slow) to each syllable (/a/ and /Ca/) was also observed.

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The Empirical Evidence on Government Bond Market Integration in East Asia

  • Liu, Lian
    • East Asian Economic Review
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    • v.20 no.1
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    • pp.37-65
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    • 2016
  • This research intends to investigate the progress made in East Asian bond market integration thus far. Price-based measures (AAD indicator and beta-convergence measure), quantity-based measures and econometric techniques (co-integration test, error correction model based Granger causality test) are employed in the analysis. Even though East Asian government bond markets have become more integrated since 2001, the differentials among the markets still remain significantly high. The bond market integration process seems slow. The convergence of bond markets sped up in 2003 and after the 2008 world financial crisis, implying the important role of government policies in integrating the regional bond markets. East Asian bond market integration may need more government-directed measures.

A Systematic Process of Product Design Based on Cutomer Preferences (소비자의 선호도에 근거한 체계적 제품설계 절차)

  • 전영호;백인기;정의승
    • Journal of Korean Society for Quality Management
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    • v.27 no.3
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    • pp.142-153
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    • 1999
  • In the context of total quality management, customer satisfaction is a key factor of success. Customer needs have been in the past described with rather vague words. In order to lead in the competitive market, product designers must be willing to interpret and reflect customer perceptions of a product on the design. The objective of this research is to develop a systematic process capable of linking customer preferences on a product to the design of product elements or specifications. The design process consists of multivariate statistical analyses, semantic differentials, and multidimensional scaling techniques under the framework of a methodology known as quality function deployment which is frequently used to construct a quality design process. The process being established is expected to serve as an effective means to communicate between the customer and the designer through proper representational schemes of design elements.

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Systems Engineering Plan for the Development of Ultra-High-Speed Maglev Train System (초고속 자기부상철도 개발을 위한 시스템엔지니어링 계획서)

  • Lee, Young-Hoon;Min, Sung-Ki
    • Journal of the Korean Society of Systems Engineering
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    • v.5 no.1
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    • pp.21-32
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    • 2009
  • The systems engineering (SE) process shall be applied to the project for successful development of ultra-high-speed (UHS) Maglev train system which is one of very large and complex systems. It is important to abolish technology differentials from the advanced developers such as Germany, Japan, etc. and to ensure discriminatory competitiveness of the application of systems engineering process for the development of the system based on appropriate concepts and requirements. General operation concept and stakeholder's requirements of UHS Maglev train system must be elicited with system concept for initiating the project. The management plan should be devised for all sorts of systems engineering activities of risk management, performance management, lifecycle cost management, etc. This paper would support to establish the systems engineering management plan (SEMP) for the program of UHS Maglev train system development with associated documents.

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Research Performance, School Characteristics, and Wage Differentials among College Professors in Korea (교수의 연구 성과 및 학교 특성과 보수격차)

  • Ryoo, Jeawoo;Kim, Me Rahn
    • Journal of Labour Economics
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    • v.35 no.2
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    • pp.1-24
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    • 2012
  • This paper analyzes the wage structure of college professors in private institutions in Korea. An analysis of earning functions reveals that the human capital of the professors is of more general type rather than firm-specific one. It is also found that the wage differential among colleges is far greater than that within colleges. Finally, the influence of research output or the fields of study on wage is found to be small. This shows that compensation for professors is set largely independent of individual performance or labor market conditions for professors.

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