• Title/Summary/Keyword: Korean Labor and Income Panel

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Estimating Labor Supply Elasticity in Korea (노동공급 탄력성 추정)

  • Moon, Weh-Sol;Song, SungJu
    • 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.

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Wage Differentials between Standard and Non-standard Workers: Assessing the Effects of Labor Unions and Firm Size (정규직과 비정규직의 임금격차 : 노동조합과 기업규모의 영향을 중심으로)

  • Lee, Injae;Kim, Tai Gi
    • Journal of Labour Economics
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    • v.32 no.3
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    • pp.1-26
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    • 2009
  • Using panel data from the Korean Labor and Income Panel Study(KLlPS), we examine the wage differentials between standard and Don-standard workers. To control for unobserved individual heterogeneities, we estimate the fixed effect models. Our results show that the OLS estimates are upwardly biased. We also find that labor unions and firm size are important determinants of the wage differentials.

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Income elasticity of household health expenditures and differences by income level (가계 의료비지출의 소득탄력성과 소득수준에 따른 차이 분석)

  • Huh, Soon-Im;Choi, Sook-Ja;Kim, Chang-Yup
    • Health Policy and Management
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    • v.17 no.3
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    • pp.50-67
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    • 2007
  • This study investigated income elasticity of household health expenditures and differences by income level from 1998 through 2003. Data from Korean Labor and Income Panel Study was used for empirical analyses. To estimate the income effects on health expenditure, the two-part model was employed: a logistic regression for any health expenditure-first part-and a Ordinary Least Square regression for health expenditure conditional on any spending-second part. To estimate income elasticity, both health expenditure and income were log transformed in the second part. In addition, the random effects(RE) model was used for a longitudinal panel which was continuously followed from 1998 through 2003 to estimate income effects on health expenditures controlling for within and between unobservable household characteristics. Furthermore, difference in income effects on health expenditure across income level was investigated. Although income slightly increased odds of any health expenditure, there was not no table differences across income level. Income significantly increased health expenditures during study period(overall income elasticity: about 0.2) and the highest 20% income group presented higher income elasticity than the lowest 20% income group.

The Effect of Military Service on Wages in Korea (군 복무 여부가 임금결정에 미치는 효과)

  • Eom, Dong-Wook
    • The Korean Journal of Applied Statistics
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    • v.22 no.4
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    • pp.805-817
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    • 2009
  • Interest about the effect of military service is increasing because of the renewal of military service incentive system in Korea. In the background, men has been experienced which suffer monetary and non-monetary damages through the compulsory military service in Korea. However there are few studies that analyze the labor market effect of military service. This study takes advantage of male worker's data of 10th KLIPS(Korea Labor & Income Panel Survey) in 2007 and analyze the wage effect of military service. According to empirical result using Mincerian earnings function, the positive effect of military service appeared. These result shows men who finished military duty have an monetary advantage in Korean labor market unlike general perceptions on military service.

A Longitudinal Analysis of the Union Effect on the Wages (패널자료를 이용한 노동조합의 임금효과 분석)

  • Cho, Dong Hun
    • Journal of Labour Economics
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    • v.31 no.2
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    • pp.103-128
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    • 2008
  • This paper estimates the union effect on the wages using Korean Labor and Income Panel Study by using fixed-effect estimation. While the cross-sectional estimates show the size of 4.6% increase in the wages of workers in the union compared 10 the observationally identical workers in the non-union jobs, the union wage effect is estimated as 2.1% increase in the panel study. This shows that there exits an substantial upward-bias in the cross-sectional estimation of union wage effect.

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Autoregressive Cross-Lagged Analysis on Organizational Commitment and Job Satisfaction of Security Employees - Utilization of Korean Labor and Income Panel Study - (보안업 종사자의 조직몰입과 직무만족에 관한 자기회귀교차지연 분석 - 한국노동패널자료의 활용 -)

  • Kim, Woo-Jin
    • Korean Security Journal
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    • no.50
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    • pp.119-141
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    • 2017
  • The purpose of this study is to analyze the longitudinal causal relationship between organizational commitment and job satisfaction, focusing on security related workers. For this purpose, the Korean Labor and Income panel data were classified into security employees. Data were analyzed using SPSS 18.0 and AMOS 20.0, and validity and reliability analysis were conducted before hypothesis testing. The results of the analysis show that organizational commitment at time t-1 has a positive effect on organizational commitment at time t, and that job satisfaction at time t-1 has a positive effect on job satisfaction at time t Respectively. The results of this study are as follows: 1) The organizational commitment has a significant effect on the job satisfaction. 2) The effect of job satisfaction on organizational commitment was also significant 3) The cross-lagged coefficients show that organizational commitment precedes job satisfaction and serves as a predictor

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Socioeconomic Mortality Inequalities in Korea Labor & Income Panel Study (사회경제적 사망률 불평등 : 한국노동패널 조사의 추적 결과)

  • Khang Young-Ho;Lee Sang-Il;Lee Moo-Song;Jo Min-Woo
    • Health Policy and Management
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    • v.14 no.4
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    • pp.1-20
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    • 2004
  • This study is to examine relationships of several socioeconomic position indicators with mortality risk in a nationwide longitudinal study of South Korea. The Korea Labor & Income Panel Study, conducted on a probability sample of urban South Korean households by Korea Labor Institute, contains date of death information for the decedents which were used to estimate relative risks of mortality and their $95\%$ confidence intervals (CI) with Cox regression analysis. A total of 125 men and women among 8,415 subjects died between 1998 and 2002. Socioeconomic differentials in mortality were observed after adjustment for sex and age. Those with less than 12-year education had 1.90 times $(95\%\;CI=1.25-2.91)$ greater mortality risk than those with 12-year education or more. Greater mortality risks were also found among those with low occupational class and manual occupation. The magnitude of differentials in mortality risks between occupational class were similar in two different approaches to measuring women's occupational class: (1) approach 1 where women, married or not, retain their own occupational class, and (2) approach 2 where married women are assigned their husbands' occupational class. Relative risks of dying among those with low household Income were 1.62 $(95\%\; CI=1.08-2.42)$ compared with the counterparts. Those who reported economic hardship at the time of survey in 1998 had greater risk of mortality $(RR=1.83,\;95\%\;CI=1.21-2.78)$ than those who did not. In conclusion, increased social discourse and policy discussions about these health inequalities are needed in Korean society. Future studies should explore the causes and mechanisms of socioeconomic mortality inequalities.

Female-Heads' Employment and Household Economic Status of the Single-Mother Households (편모가계 여성가장의 취업 및 가계의 경제상태 : 양부모 가계와의 비교 분석)

  • 이성림
    • Journal of Families and Better Life
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    • v.22 no.1
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    • pp.169-179
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    • 2004
  • This study investigated female-head's employment and household economic status of the single-mother households compared to those in the two-parent households using the data from the Korean Labor and Income Panel Study. Major findings are: first, female-heads showed lower educational attainment, lower labor force participation rate, lower occupational status, and lower wage rates than male-heads; second, the level of household income was as 1.3 times as the Minimum Living Cost and the level of household expenditure was close to the Minimum Living Cost; third, one-thirds of single-mother households were in poverty. Based on the results, the implications to public policy were suggested.

Assessment of Flexibility and Security in Korean Labor Market : An International Comparison (국제비교를 통한 우리나라 노동시장의 유연성 및 안정성 평가)

  • Nam, Min-Ho
    • Journal of Labour Economics
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    • v.41 no.3
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    • pp.129-159
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    • 2018
  • The foremost aim of the paper is to evaluate the flexibility and stability of the Korean labor market through a cross-country comparison with OECD countries. Evaluating by the OECD Employment Protection Legislation Index, the flexibility of permanent job layoff in Korea is close to the average of OECD countries. Employment of temporary workers appears to be relatively flexible allowing for effective indicators such as the proportion of temporary workers among paid employees. As regards security, the levels of job security, income security and combination security are all far below the OECD average. A panel data analysis of OECD countries reveals that labor productivity increases as regulations on permanent job layoff become looser and regulations on temporary employment become more rigorous.

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An Analysis of Movements in the Labor Share of Income in the Korean Manufacturing Industries (한국 제조업에서의 노동소득분배율 변동요인 분석)

  • Hong, Jang-Pyo
    • Korean Journal of Labor Studies
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    • v.19 no.1
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    • pp.1-34
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    • 2013
  • Labor share of income in Korea has fallen from 90% in 1996 to 79% in 2010. This paper explores the factors driving the movements in the labor share of income based on a panel dataset containing 19 years of data on 18 Korean manufacturing industries. The effects of technical progress, globalization and the bargaining power of labor and capital on the labor share of income are tested for the period of 1991-2009. The main empirical results are as follows. (1) Capital-aug menting technical prog ress measured by capital-labor ratio and R&D intensity has a negative effect on the labor share. (2) Market openness measured by the value of export and import as a ratio to value-added production is found to have a positive impact. (3) Globalization of production measured by inward-FDI and outward-FDI as a ratio to total domestic fixed capital is found to have a negative impact on the labor share. (4) Union density is found to have had a statistically significant effect in 1991-1998. This finding is consistent with the efficient bargain model in which firms and workers bargain over both wages and employment. But union density is insignificant in 2000-2009. This implies that since the financial crisis in 1997, the bargaining institution in Korea has been approaching the right-to-manage model in which firms and unions bargain over wages and then firms set employment unilaterally. (5) Variables for domestic financialization measured by dividend-income ratio and financial-fixed assets ratio have an insignificant effect on labor share.