• Title/Summary/Keyword: Market Wage

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An Empirical Study about Assessment of the JIT System: on korean semi-production firm

  • Lee, Eung-Kweon
    • International Commerce and Information Review
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    • v.7 no.2
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    • pp.75-94
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    • 2005
  • This study is focused on evaluating the computer-integrated just-in-time (CI-JIT) production system of a semi-conductor manufacturing firm in Korea. Approaching the mid-1980s, the emphasis was on low price, low-cost operations, and quality, especially in USA. American companies have shifted output to low-wage countries like the Philippines, Korea, Japan, Malaysia and allied countries that can make quality products at low prices. Korea and other Asian countries forego short-term profits to gain a solid foothold in a product market, recognizing that larger market share leads to lower cost and higher profit in the long run. They bring manufacturers and suppliers together to improve material management and operation management, using project teams that investigate topics, such as Just-In-Time(JIT)manufacturing, among others. The "Kanban" word means "card" in Japanese, and is used to indicate the desired final delivery schedule. The operation for a particular item produced is scheduled for a specific time. The same process is extended to the external suppliers. More recently, the cards are gradually being replaced by electronic procedures that follow the same concept. Its capacity must be capable of handling the various transactions required by the JIT coverage as well as some allowances for expanded applications.

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The Customer's Perception of Herbal Items and Food Items Used in Medicinal Cuisine (한약재 및 약선 식재료의 인지도에 관한 연구 -서울지역을 중심으로-)

  • Cho Young-Shin;Youn Su-Kyung;Kim Myoung-Hee
    • Journal of the East Asian Society of Dietary Life
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    • v.16 no.1
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    • pp.77-84
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    • 2006
  • Nowadays, people are more concerned about health food than satisfying their hunger. Therefore, media presents programs related to health food such as dietary food, traditional food, and herbal items. The trend has emphasized the importance of traditional food items and the need for a 'han-bang' menu development The purpose of this study was to identify the perception of herbal items and other food items used in medicinal cuisine in the Seoul Area. Out of 300 questionnaires distributed, 287 were collected and analyzed. Descriptive analysis, factor analysis, ANOVA, and T-test were conducted using SPSS 12.0 for windows. This study identified that the perception of herbal items was influenced by age, education, and wage level. Daily eating habits partially affected on the perception of herbal items. Accordingly, these findings indicate that it is necessary for 'han-bang' menu' development set to target market.

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Retirement Age and Social Security (정년제도와 사회보장 : 1980년 이후 OECD 회원국들의 노후 소득보장 정책의 변화)

  • Na, Byong-Kyun
    • Korean Journal of Social Welfare
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    • v.42
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    • pp.169-198
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    • 2000
  • This paper attempts to analyze the early retirement in the OECD countries and discuss implication of that in the old age policy in Korea. The increase of the early retirement in the almost all OECD countries is a common fact. Especially the rate of early retirement rapidly increased in the 1980s, mostly reflecting the high rate of unemployment and states' policies to reduce it. However, it varies across countries: the unemployment compensation pathway in France, the mixture of social assistance and private insurance in England, VUT in Netherland, the privatization of the early retirement in the U. S., and partial retirement and labor market policy in Sweden. The early retirement in the advanced countries contributes to de-institutionalization and de-standardization in life course model. It resulted in the erosion of the ordinary conception that the retirement was the beginning of the old age. And the last phase of life course became blurred. With respect to the problem of the early retirement, there is a big difference between Korea and the OECD countries. Above all, the retirement age is 55 years in many companies and the public pension is not universalized in Korea. Accordingly the policy for income security of the old age in Korea should be connected with social security policy such as the gradual extension of the retirement age and the expansion of the public pension and labor market policy such as job training for the old age, transformation of the seniority wage system etc.

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A Comparison Analysis of the Labor Efficiency between Quality-Adjusted Labor and Quality-Unadjusted Labor in Jeju Mandarin Production -Based on the Difference in Market Wages- (농업 노동의 질적 차이를 반영한 감귤 생산 노동투입 효율성 비교 분석 -시장 임금차이를 기준으로-)

  • Lee, Bong-Sil;Yu, Young-bong
    • Journal of Agricultural Extension & Community Development
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    • v.28 no.3
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    • pp.153-165
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    • 2021
  • This study aims to analyze the difference in production elasticity based on the types of agricultural labor input regarding its qualitative difference in Jeju mandarin production. To estimate the production function of qualityadjusted labor, we have set up a Quality-Adjusted Index based on the market wage of the agricultural field. We have conducted a multiple regression analysis of the newly estimated labor inputs using the Ordinary Least Squares regression. Results show that the production efficiency of aggregate total labor hours (quality-unadjusted labor input) is overestimated compared to quality-adjusted labor with qualitative labor homogeneity. Moreover, by analyzing household labor and employment labor, we have observed that the marginal productivity of household labor exceeds that of employment labor. In conclusion, this study verifies that securing labor input homogeneity is crucial for analyzing agricultural labor hours' economic efficiency accurately.

Aging Society and Labor Market (고령화 사회와 노동시장)

  • Jung, Cho-See
    • Journal of Digital Convergence
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    • v.10 no.1
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    • pp.185-194
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    • 2012
  • Population aging in Korea is in progress rapidly, though it isn't recognized as a critical situation now. Absolute scale of population will decrease since 2030 and that of 2050 will stay in 2005 levels. But most serious problem is that the core working age group, 25-54 ages will begin to decrease since 2012 because of low fertility and population aging. In these situation of population aging, we will face inevitably great amount of labor force shortages and we should build up policy alternatives for solving these problems. I proposed some policy alternatives. firstly, pronatalism policies including state-supported child-care system for preventing decreases of absolute scale of population. Second, facing up to labor shortages under population aging, I proposed policy alternatives for increasing labor market participation, measured by employmeny rate, of aged (or aging) people including wage-peak system of extending retiring ages and women including lowering opportunity costs of women labor market participation rates, given laboer forces. And to conclude, we should approach to the aging problems by steady state equilibrium ecnomic growth, under inevitable population aging.

A Study on Individual Training Account System Experiences and Labor Market Outcomes of the College Graduate Youth (대졸 청년층의 내일배움카드제 참여경험과 노동시장 성과)

  • Kwon, Hye-Young
    • 한국사회정책
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    • v.23 no.1
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    • pp.151-178
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    • 2016
  • This study aims to look at the current status of college graduate youth' participating in Individual Training Account System of Korea and analyze the effects of their participation experience on the labor market outcomes. To achieve this, this study used the data from 2012 Graduates Occupational Mobility Survey(GOMS) and for analysis, used both multiple regression analysis and binomial logistic regression analysis. As a result, it was found that the number of young people who had ever heard about the Individual Training Account System was 2,707 individuals (27.6%), and among them, the number of young people who had actually participated in the System was 695(25.7%). As a result of analyzing the effect of participation experience with the Individual Training Account System on the outcomes of labor market, it was found that participation experience had a positive and significant impact on whether they were employed and the form of employment (permanent position), whereas it did not have a positive impact on average monthly wage. Based on these results, this study drew implications for further studies and suggested policy tasks for improving the policy effectiveness of the Individual Training Account System.

A Study on the Job Training in Small and Medium Firms (중소기업(中小企業)의 직장훈련(職場訓練)에 관한 연구(硏究))

  • Shin, In-Soo
    • Korean Business Review
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    • v.9
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    • pp.99-121
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    • 1996
  • On the job training is useful : a part of on the job training has increased the marginal productivity of future and rate of wage. Investment in a human capital depends on character of investment and market conditions. The innovation role of small and medium firms has recently received increasing attention in newly industrializing countries as they attempt to transform their industries from labor intensive to technology intensive. It also suggests some implications to the small and medium firms' strategies and public policies accelerating research and development. Lack of qualified scientists and engineers often inhibits the small and medium firms' ability to access and assimilate external technical information. Such technical personnel are particularly scarce in NICs. Therefore, how to employ these technical staff should be an important issue for small and medium firms seeking to acquire distinctive competences. Small and medium firms must invest further education and training to its labor.

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Statistical Discrimination in the Korean Labor Market (한국 노동시장에서의 통계적 차별)

  • Park, Ki-Sung
    • Journal of Labour Economics
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    • v.24 no.3
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    • pp.1-12
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    • 2001
  • Seoul/Kyungki-born workers have higher wages than other regions-born workers. In order to determine whether this difference is due to taste or statistical discrimination, an econometric model is suggested and a test is done with it. According to the test, the hypothesis that the difference is wholly due to taste discrimination is rejected: a part of the difference is due to statistical discrimination. Since statistical discrimination in this paper comes out in the process of a worker's wage being determined according to his productivity, it is no problem for the government to intervene in.

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Issues in S&T Human Resources Development in Korea

  • 고상원
    • Journal of Technology Innovation
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    • v.4 no.1
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    • pp.185-207
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    • 1996
  • It is frequently pointed out that the Korean economy, with its scarce natural resources, would never have been able to achieve current levels of economic development without the massive provision of well-educated, hardworking human resources. Throughout the industrialization process ,full-fledged deployment and mobilization of qualified human resources have been the foundation to industrial policy and S&T policy. This paper describes the development of S&T human resources in Korea using various statistics including educational enrollment rates, unemployment rates, the allocation of researchers and R&D expenditures among sectors of performance, educational composition of employment within and across industries, technical human resource shortage rates, relative wage levels of SMEs, and composition of labor force by age-group and gender. While analyzing S&T human resources development, this paper discusses issues such as the mismatched demand and supply of skill and knowledge levels of the highly educated, the unbalanced distribution of S&T human resources between sectors, and the low utilization of the female and aged labor force. This paper suggests that the policy maker applies a hybrid of quantitative and qualitative policies to reduce the mismatches of supply and demand of skill and knowledge levels for each labor market categorized according to supply side.

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A Study on the application of unemployment insurance of flextime system worker (플렉스 타임제(Flextime system) 근로자의 고용보험적용에 관한 연구)

  • Yim Woong-Seok;Kim Hyoung-Joon
    • Journal of the Korea Safety Management & Science
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    • v.8 no.1
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    • pp.165-179
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    • 2006
  • Flextime system labor problem appeared by social issue going through a late 97s economic crisis. The most important thing among gravity is that act for factor who do to magnify gulf between rich and poor because do so that may polarize labor market at central part and neighborhood and makes preservation of society integration hardly social economy enemy of flextime system worker's spread. Furthermore, new economy surrounding has attribute that deepen uncertainty social bipolarization according as order by 21th century information-oriented society, globalization, knowledge base economy. Therefore, role of the country that control spread of flextime system in fixed level is more important first of all and application of employment insurance may do that have important meaning and social deliquescence.