• Title/Summary/Keyword: Internal Labor Market

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Economic Analyses of a Korean University's Internal Labor Market and Related Policy Issues -The Case of the 'M' University- (대학 내부노동시장의 경제 분석과 정책 대응 - 'M' 대학의 사례 -)

  • Cho, Woo-Hyun
    • Journal of Labour Economics
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    • v.33 no.1
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    • pp.31-52
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    • 2010
  • Internal labor market in a firm is normally designed to solve the adverse-selection problem as well as the moral hazard problem in the world of information asymmetry. The internal labor market of a Korean university as a non-profit organization should have the same function as the firm. The purpose of this paper is to evaluate the economic performances of a university's internal labor market, using confidential data. And I suggest how to improve the performances of a Korean university's interal labor market. Specifically, I suggest incentive pay for university professors. I also suggest eight job classification and job-related pay system for staffs and secretaries to enhance the efficiency of the university's internal labor market.

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Impact of Military Actions on the EU Labor Market

  • Kopytko, Marta;Franchuk, Vasyl;Panchenko, Vladimir;Viunyk, Olha;Myshchyshyn, Olha
    • International Journal of Computer Science & Network Security
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    • v.22 no.5
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    • pp.25-30
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    • 2022
  • The main purpose of the study is to analyze the main aspects of the impact of military actions on the EU labor market. The research methodology includes modern theoretical methods and methods for analyzing the state of the EU labor market. The war in Ukraine changed not only the economy of one country, but the whole continent. The European Union has very sensitively felt the changes brought about by the military actions on the territory of Ukraine. Military actions on the territory of Ukraine are a destructive factor in the labor market. Today, the main task of economic recovery is to minimize the consequences of humanitarian problems and preserve human potential, which is an important source of business activity. Based on the results of the study, we have identified key aspects of the impact of military actions on the EU labor market.

The Effect of Performance-based Pay System on Wage Determination - Focused on the Personnel Data of a Korean Large Firm during IMF financial crisis - (우리나라 기업의 성과급제 도입효과 - IMF 외환위기 전후 대기업 인사데이터를 중심으로 -)

  • Eom, Dong-Wook
    • Journal of Labour Economics
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    • v.29 no.2
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    • pp.29-66
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    • 2006
  • This study investigates the structural change of wage determination within internal labor market that have occurred around the financial crisis in 1997 by using the personnel data(1996~2000) of a Korean large firm. We take the effect of performance-based pay system to apply on wage determination of workers using Mincerian earnings function estimation. After introducing the annual salary system in the firm, we did not find the fact that the wage effect of seniority decreases, but we found the wage effect of relative evaluation ratings increases. Then, this study identifies the importance of the reward strategy of firm in Korean internal labor market. Finally, we have concluded that although the firm acknowledged the positive effects of performance-based HRM practices, we have not obtained enough evidence on the transformation into such practices because the seniority-based HRM has been traditionally prevalent in the Korean internal labor market.

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Approaches to Formation and Regulation of a New Model of Social and Labor Relations in Terms of Innovative Development

  • CHULANOVA, Zaure K.
    • Asian Journal of Business Environment
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    • v.9 no.3
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    • pp.11-20
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    • 2019
  • Purpose - The study aims to substantiate the approaches and principles of forming a model of social and labor relations adequate to the modern conditions of economic development. Research design, data, and methodology - The article deals with the issues of legal regulation of social and labor relations in the labor market of Kazakhstan; describes the current model of labor relations and its basic parameters; determines the external and internal factors; specifically, the influence of the new labor law on its further development in the direction of democratization and the establishment of social partnership as a regulatory institution in the labor relations field. Result - Result is the model of the system of social and labor relations proposed by the author, which allows us to cover the multifaceted nature of this phenomenon, to unite the influence of the external environment and the internal complex of their mutual relations and interdependencies. Conclusion - The creation of an effective model of social and labor relations should proceed from the multifaceted nature of their manifestation. This means that the theoretical and methodological basis for their formation should be a comprehensive approach to solving the problems of transformation and interaction of social and economic components.

Spatial Division of Labor in Korea and The Characteristics of Kumi Local Labor Market (공문적 분업과 지방 노동시장의 특성에 관한 연구 -구미공업단지 섬유.전기전자산업을 중심으로-)

  • 박원석
    • Journal of the Korean Regional Science Association
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    • v.6 no.1
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    • pp.11-38
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    • 1990
  • The purpose of this thesis is, first to present the spatial division of labor in Korea and its mechanism, and second, to elucidate the organic integral relation between local labor market and local community by studing the mechanism that the spatial division of labor is projected into the individual lacal labor marker, and reproduction of labor force process in this local labor market. According to this purpose, the theoretical frame of this analysis is done, the positive analysis is made and Kumi is choosed as its analysis case area. The main data is from 'Survey Report on Manufacturing Idustry Wage Conditions' published by Minimum Wage Council, Ministry of Labour and from the questionnaires and interview on textile industry and electric electronics industry firms in Kumi Export Industrial Estate. The following are the results of this study. 1. The mechanism of spatial division of labor in Korea, seen through the employment structure index, is accelerating the regional discrimination by fixing the regional hierarchisation between Seoul (or Seoul Metropolitan Area as expanded Seoul) and other areas. But it is also developing highly the regional employment structure at the level of technical division of labor, since the spatial division of labor in Korea is leaded by large firms and influenced by the policy for regional development. 2. Local labor market is formed in Kumi area and its delimitation is Kumi city. The employment structure of Kumi local labor market is occupying lower hierarchy division at management hierachical level and occupying upper hierarchy division at the level of technical division of labor, and brand plants of large firs are determinating and dominating this emplogment structure. These bdranch plants of large firs are forming more favorable and stabel labor marker than locally controlled ploants in Kumi local labor market. But the reproduction of labor force process in Kumi local labor market is not fully carried out and leaked into central city, therefore Kumi is now becoming an unstable local community, suffering from large movement of population. This is because Kumi local labor market is found not for itself, but by the state policy and externally controlled plants of large firms, and therefore no potentiality to control and to absorb the exterior influences is built in Kumi local labor market. 3. The case firms A, B have spatial division of labor between decision-making function and production function, and between upper management hierachical labor force and lower management hierachical labor force in internal labor market.

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Changes of Internal Labor Market in Firms and Incentives for Investment in Human Resource Developments (기업 내부노동시장 변화와 인적자원개발 투자 유인)

  • Bai, Jin Han
    • Journal of Labour Economics
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    • v.41 no.1
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    • pp.83-124
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    • 2018
  • In this study, with the data of Human Capital Corporate Panel(HCCP) we find that the explaining power of the new hiring rate of experienced regular workers is very strong and statistically significant as a main causal factor to the decreasing trend of investment on education and training for workers in corporates, which means a sign of weakening of the internal labor market. Possibility of wage penalty from switching jobs has been weakened considerably too. The effective alternative policy measures to the weakening or laxity of the internal labor markets and whereby followed reduction in investment on education and training for workers in corporates are construction of social system outside of individual corporates to upbring field-tailored manpower of high quality for young generations and small and medium sized enterprises.

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Inter-Regional Migration and Wage Effects by College Graduates (청년층 지역이동과 임금수준 효과)

  • Cho, Donghun
    • Journal of Labour Economics
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    • v.43 no.3
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    • pp.123-148
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    • 2020
  • This study empirically estimates the possible association between the college graduate Young Peoples' wages in the labor market and their internal migration through college education after high school education. Using the Graduate Occupation Mobility Survey(GOMS), we found out that the more likely young peoples find jobs in the location from different their hometown the higher they command wages in the labor market.

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Arrival at the Caspian Coast: Migration, Informality and Urban Transformation in Sumqayit, Azerbaijan

  • JAGER, PHILIPP FRANK
    • Acta Via Serica
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    • v.5 no.2
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    • pp.51-90
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    • 2020
  • The city of Sumqayit in Azerbaijan was famous in the USSR for its chemical plants, which supplied the whole country with plastics, detergents, and fertilizers. While production increased in the post-WWII period, young people from remote Caucasian villages were attracted as workers to the industrial settlement on the shore of the Caspian Sea and worked together with specialists from all over the USSR. Migration did not stop when the USSR collapsed. To the contrary, mobility increased as Azerbaijani refugees from Armenia and IDPs from Karabakh fled to Sumqayit, which grew to become the second-largest city of Azerbaijan. Although a generation has passed since the ceasefire, IDPs still are separately administered. In the last 20 years, more and more internal migrants have chosen the Greater Baku Region as their destination, mostly finding jobs in the informal labor market. In the post-independence transformative period, informal housing has offered migrants a place to stay in the city. Sumqayit can be regarded as an arrival city, an established urban platform for migrants who prefer internal over transnational migration.

Spatial Segmentation of the Intra-Metropolitan Local Labor Markets : A Theroetical Review

  • Kim, Jae-Hong
    • Journal of the Korean Regional Science Association
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    • v.12 no.2
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    • pp.37-57
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    • 1996
  • Intra-metropolitan spatial segmentation of the labor marker requires barriers of mobility on both supply and demand side of the local labor marker. The phenomena of spatial segmentation of the labor market are particularly applied to the secondary workers rather than to the primary workers. Supply side barriers include the costs of obtaining job information regarding jobs outside of the immediate area, commuting costs, and barriers to residential mobility. Demand side barriers include site-specific technology and product demand, and discrimination. In this paper, I discuss these barriers and examine their implications for differences in segmentation by demographic and skill groups at the intra-metropolitan scale. In particular, I apply a job search model to examine supply side barriers such as information and commuting costs, and an implicit contract model to explain demand side barriers such as dual/internal labor market and firms' (re) location strategies.

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Socio-Economic Aspects of the Impact of Military Actions on the Labor Force

  • Melnyk, Stepan;Petrukha, Nina;Shuprudko, Nataliia;Ilychok, Bohdan;Balanutsa, Oleksandr
    • International Journal of Computer Science & Network Security
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    • v.22 no.7
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    • pp.252-258
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    • 2022
  • Ukraine has a significant in quantity and unique in quality parameters, in particular, the level of education, a resource - the labor force, which, along with natural resources, can serve as the basis for economic growth and the achievement of sustainable development goals. The study is aimed at a thorough identification of the main factors influencing the formation and use of the labor force in Ukraine, including by comparing with the indicators of the EU countries, before the start of the active phase of military aggression by the Russian Federation. It was found that until February 24, 2022, there were negative trends in the change in the quantitative and qualitative indicators of the labor force due to the demographic crisis, the transformation of the national economy and shortcomings in state regulation of labor market development processes. The military actions not only exacerbated pre-existing problems, but also led to the emergence of new ones. A significant number of refugees and internally displaced persons, with the termination of the activities of half of the economic entities, provoked a sharp increase in real unemployment and a decrease in wages. The specific problem of the labor market of Ukraine - the "labor crisis", which has and will have a significant impact on the labor force, is carefully considered.