• Title/Summary/Keyword: Labor Value

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Nepotism or Networking?: The Effectiveness of Social Networks in the Labor Market ('연줄'인가, '연결'인가?: 인적 네트워크의 노동시장 효과 분석)

  • KIM, Young Chul
    • KDI Journal of Economic Policy
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    • v.34 no.3
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    • pp.133-186
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    • 2012
  • This paper analyzes the effectiveness of social networks in finding jobs and estimates the value of job search network using the Korean Laber and Income Panel Study (KLIPS) dataset and utilizing the Difference-in-Difference Propensity Score Matching (PSM) methodology (Heckman et al., 1997). While the wide use of social networks in the Korean labor market is often perceived as 'nepotism,' this study confirms that social networks, by serving as an effective information transmitter between job search and recruitment, make a significant contribution to improving the adequacy of job matching in the domestic labor market. In order to verify the effectiveness of using social networks for getting jobs, this study looks into the cases of labor turnover using social networks and also not using it. In the aspect of individual satisfaction improvement relating to workplace and job duties, both cases of turnover turn out to experience an increased satisfaction by 2~3 points (on a 100-score scale). Meanwhile, as for the educational and technical adequacy improvement, no positive effects are found in the case of turnover without social networks, whereas the educational and technical adequacy improvement turns out to increase by 2.13 and 2.52 points, respectively, in the case of turnover using social networks. The effect of income increase through turnover using social networks registered 40,074 Korean won per month (as of 2010), which can be considered as the result from the improved educational and technical adequacy. Of all things being considered, the value of job search network per wage worker in the Korean society is estimated to be 18.72 million won in terms of life-cycle wage improvement, and 758.2 scores in terms of the improvement of working life satisfaction. Provided that the cash value of satisfaction score 1 is equivalent to 'n' times 10,000 won, the aggregate value of job search network is estimated to be 18.72+7.582n million won, which means the total amount of costs that a wage worker in the Korean society willingly pays to maintain and manage job networks for lifetime.

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Study of the Relationship between Labor time and Wage in Korea (국내 노동시간과 임금간의 관계 연구)

  • Jang, Yu-Mi
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.9
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    • pp.5487-5494
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    • 2014
  • This study examined the relationship between income and the value of leisure to develop a more accurate model of the labor market without necessarily losing the primary merit of the received model. Moreover, with an improved understanding of the labor market dynamics, it can be seen that progressive era labor market legislation, which was designed to mitigate the effects of the bargaining power inequality in low wage labor markets, was in fact based on sensible economic foundations. These low-wage dynamics present an example of a positive feedback system or "vicious circle" at work in the economy. The market dynamics of the low wage sector push the wage away from the range that is consistent with a self-regulating market.

Model of Future Teacher's Professional Labor Training (Art & Craft Teacher)

  • Tytarenko, Valentyna;Tsyna, Andriy;Tytarenko, Valerii;Blyzniuk, Mykola;Kudria, Oksana
    • International Journal of Computer Science & Network Security
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    • v.21 no.3
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    • pp.21-30
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    • 2021
  • Economic transformations have led to an increase in the role of creative assets and their central role in public life. Changes in creative activity have led to a change in the organization of the work of institutes engaged in the training of specialists, in particular teachers of labor education. Methods and approaches to training determine the development of creative industries, being the basis for models of professional training of future teachers of labor training. The purpose of an article was to develop a modern model of professional training of future teachers of labor training based on the concept of creative economy. The methodology is based on the concepts of holistic craft and creative economy. Based on the integration of pedagogical learning models "Craft as design and problem-solving", "Craft as skill and knowledge building", "Craft as product-making" and "Craft as self-expression" developed and experimentally confirmed the conceptual model of professional training of future teachers of labor training. The proposed model forms a practitioner with professional, technical, digital and creative skills who is able to transfer the experience to students. The training course "Creativity and creative thinking" has been developed. The model provided for the development of a course based on the strategy of developing professional creativity, flexibility, improvisation, openness, student activity, joint practice, student-oriented approach. The practical value implies the adaptation of the developed model of professional training of future teachers of labor education during the training of teachers in higher education, which is confirmed in the experiment.

Stock Excess Return, R&D intensity and Market Concentration: A Study of IT Firms in India

  • Sahu, Santosh K.;Narayanan, K.
    • Asian Journal of Innovation and Policy
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    • v.4 no.2
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    • pp.200-216
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    • 2015
  • This paper empirically investigates the role of R&D intensity on market concentration of firms using four key market valuation variables, namely (1) market share, (2) labor intensity, (3) firm age and, (4) firm's market value. The empirical tests use database at firm level for the Indian IT sector from 1999 to 2013 from the CMIE Prowess database. The results of the regression analyses partially support our hypothesis that R&D intensity positively influences firm's market value measure by the H-index. The test results are consistent with the hypotheses that R&D spending is more valuable for firms with larger market shares, higher labor intensity, and firms that are diversified.

An Analysis of Export Competitiveness of Korea and Japan in the USA (한.일의 대미 수출경쟁력에 관한 연구)

  • Shim, Jae-Hee
    • International Commerce and Information Review
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    • v.11 no.1
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    • pp.139-155
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    • 2009
  • This study investigates empirically the export competitiveness of Korea and Japan in America by calculating 4 indexes such as market share index(MSI), export similarity index(ESI), market comparative adventage index(MCAI) and market share expansion ratio(MSER)-export similarity deepening ratio(ESDR). The empirical finding of this analysis shows that Korea is competitive in the labor-intensive products and Japan in the technology-intensive products. This result also meets the general understandings that Japan is superior to Korea in the export competitiveness such as value added of goods, etc. Therefore, in order to strengthen the export competitiveness of Korea in the US market, it's desirable for our firms and government to improve the quality of product ranges by developing technologies focused on the higher value-added products.

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Family Life of Dual Earmer Wives in Pusan (부산거주 취업주부의 가족생활에 관한 실태조사)

  • 이기숙
    • Journal of the Korean Home Economics Association
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    • v.33 no.4
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    • pp.213-233
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    • 1995
  • This study explores the overall attitudes of family life used data from dual-earner wives(N=773) who contribute to household economics. The major hypothesis of this study is that employed wives are more likely to be equal in performing their roles at home than full-time homemakers. However, a pattern of asymmetry exists concerning the role performance of wives regardless of their employment The specific findings are as follows : (1) Wives indicate the instrumental and the dual(mixed the traditional value with the developmental value) perceptions of marriage. (2) It is not equal in the distribution of family resources and the procedure of decision-making among couples. (3) The household labor is mainly performed by wives. (4) Wives are mainly responsible for child-rearing and indicate the inconsistent perception of mothering From the findings study suggests that : (1) Future research might investigate the reason of low family contribution among employed wives (2) The egalitarianism (role sharing) in household labor and child rearing might be extended. 93) women might be educated to pursue an independent life.

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A Comparative Study on the Human Resource Efficiency between the Korean and Japanese Municipal Hospitals using Data Envelopment Analysis (DEA를 이용한 한국과 일본 공공병원의 인적자원 효율성 평가)

  • Nam, Sang-Yo
    • Korea Journal of Hospital Management
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    • v.12 no.1
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    • pp.51-74
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    • 2007
  • This study applied Data Envelopment Analysis to a set of Korean Public Corporation Medical Centers and Japanese Municipal Hospitals to compare their relative human resource efficiencies. Based on the data provided on the inputs and outputs, the analysis showed Japanese municipal hospitals were relatively efficient than Korean hospitals. The result of analysing BCC model shows 5 hospitals in Japan and 7 in Korea with an efficiency rating of less than 1 as considered relatively inefficient. For the inefficient hospitals the manner in which inefficient hospitals may be made efficient were indicated by the managerial strategies based on dual variables. A subsequent analysis of Wilcoxon rank-sum test revealed that the medical revenue per medical expense, labor cost per value added revenue were statistically significant between efficient and inefficient Korean hospitals and medical revenue per medical expense, labor cost per value added revenue, bed occupancy rate, average length of stay, rate of personnel expenses per medical revenue were statistically significant between efficient and inefficient Japanese hospitals.

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Numericla Solution for the Pontryagin's Maximum Principle Problem (폰트리아긴의 최대원리의 수치적 해법-파업기간중 노사관계 모형을 중심으로-)

  • 오형재
    • Journal of the Korea Society for Simulation
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    • v.2 no.1
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    • pp.55-66
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    • 1993
  • Although the Pontryagin's maximum principle theory is widely applied in control problems, its contribution to the solution procedure have been restricted just to figure out the rough picture of true solutions, probably due to the complexity of the two-point boundary value problems. This paper discusses a numerical approach to solve the control problems in connection with the two -point boundary value problems. A model of labor management negotiation during a strike has been constructed and solved explicitly by us of DVCPR subroutine introduced in IMSL. The results have been turned out that the management is better increase wage very slowly during the strike period, while , on the labor side, it is more effective to show the high intensity of demonstration against the company at the outset and gradually decrease it.

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폰트리아긴의 최대원리의 수치적 해법-파업기간중 노사관계 모형을 중심으로

  • Oh, Hyungjae
    • Proceedings of the Korea Society for Simulation Conference
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    • 1993.10a
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    • pp.3-3
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    • 1993
  • Although tile Pontryagin's maxlmum principle theory is widely applied in control problems, its contribution to the solution procedure have been restricted just to figure out the rough picture of true solutions, probably due to the complexity of the two-point boundary value problems.This paper discusses the numerical approach to solve the control problems in connection with the two-point boundary value problems. A model of labor-management negotiatulon during a strike has been constructed and solved explicitly by use of DVCPR subroutine introduced in IMSL. The results have been turned out that the management is better increase wage very slowly during the strike period, while, on the labor side, it is more effective to show the high intensity of demonstration against the company at the outset and gradually decrease it.

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Design and Implementation of an Automated Fruit Quality Classification System

  • Choi, Han Suk
    • Smart Media Journal
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    • v.7 no.4
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    • pp.37-43
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    • 2018
  • Most of fruit quality classification has been done by time consuming, inaccurate and intensive manual labor. This study proposed an automated fruit grading system based on appearances and internal flavors. In this study, image processing technique and a weight checker were used to measure the value of appearance features and the near infrared spectroscopy analysis method was used to estimate the value of internal flavors. Additionally, I suggested 8x8x5x5 ANN based fruit quality classifier model to grade fruits quality. The proposed automated fruit quality classification system is expected to be very beneficial for many farms where heavy manual labor is usually needed for fruit quality classification.