• Title/Summary/Keyword: Market Wage

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Business Cycle Analysis on Korean Youth Labor Market using Alternative Unemployment Measures (고용보조지표를 활용한 청년실업과 경기상관 분석)

  • Kim, Tae Bong;Park, Keunhyeong
    • Economic Analysis
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    • v.26 no.2
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    • pp.43-71
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    • 2020
  • This paper aims to derive macroeconomic implications by analyzing the business cycle characteristics of the youth unemployment. The results of empirical analysis seem to show that youth unemployment appears to be relatively less correlated with business cycle compared to other age groups, and thus it is difficult to explain the recent steady increase in the potential labor force as a result of the business cycle fluctuation alone. Moreover, the alternative unemployment measures of the youth group showing upward trend were estimated to be co-integrated with output measures. This co-integrated trend increase suggests that unlike other age groups, youth may be influenced by structural factors inherent in Korea's economic growth path. The fact that the wage difference based on firm size has widened steadily since the Asian financial crisis and that the proportion of large companies that provide relatively high-quality jobs compared to major industrialized countries is significantly lower may be the evidence of the structural changes in Korean youth labor market. The results of above analysis may explain why the job search periods for youth has lengthened amid these structural changes.

Design of Transmission Gear Machining Line for Developing Countries Based on Thinking Process and Simulation Method (사고 프로세스와 시뮬레이션 기법 기반의 저임금국가에 적합한 변속기 기어가공라인의 설계)

  • Park, Hong-Seok;Park, Jin-Woo;Choi, Hung-Won
    • Korean Journal of Computational Design and Engineering
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    • v.16 no.4
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    • pp.260-267
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    • 2011
  • Nowadays, automobile manufacturers are faced with increasing global competition which is required low cost as well as high quality. To reduce shipping and handling cost and delivery time, lots of automobile manufactures tried to build their new factory in the neighborhood of market. Simultaneously, many factories are under construction in developing countries to make efficient use of low-wage workers. However, because systems are installed in developing countries as the same type of domestic facilities, systems have lots of problems such as high installation cost and inefficient use of manpower. To find core problems and generate optimal solution of these problems, thinking process of TOC(Theory Of Constrains) is used. In case of transmission gear machining system, semi-auto system is proposed as the best solution to increase manpower efficiency and system utilization. Semi-auto system consists of automatic machining process and manual transporting process. The system layout is generated based on semi-auto process concept. And, 3D simulation method using QUEST is used to verify production volume of generated system.

Production Cost Analysis of Leaf tobacco farm Households (잎담배 재배농가의 생산비 분석)

  • Kim, Jai-Hong;Kang, Il-Tack
    • Korean Journal of Agricultural Science
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    • v.31 no.2
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    • pp.149-160
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    • 2004
  • This study had carried out an analysis of leaf tobacco production cost by cost items, growing stages, and farm sizes per 10a to provide the basic data for determination of the purchasing price of leaf tobacco by KT&G. Considering the survey results of 12 tobacco farm households, the composition rates of production cost by items revealed as 7-10% for land service, 5-22% for depreciation, 13-25% for material costs, 50-65% for labour cost respectively. The production cost of leaf tobacco by growing stages were shown as 15.3% in nursery bed period, 32.3% in main growing period in field, 30.8% in harvesting period and 21.6% in packing period. The magnitude of wage expenditure was appeared as harvesting stage, packing stage, growing stage on main field and nursery bed stage in order. The amount of material costs were revealed as the growing stage in main field, harvesting stage, nursery bed stage and packing stage respectively. The production costs of leaf tobacco per 10a by farm sizes were shown as 1,615,879won for small farm, 1,446,896won for medium farm and 1,454,408won for large farm respectively. The production cost of leaf tobacco had shown decreasing tendency according to increasing farm sizes. To promote the international market competitiveness of leaf tobacco producing farms, labour saving production technologies and cost effective farm size to decrease tobacco production cost should be developed.

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The Impacts of Trade Union on Wages and Employments in Korea (노동조합의 임금과 고용효과)

  • Ryoo, Jae-Woo
    • Journal of Labour Economics
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    • v.28 no.1
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    • pp.105-133
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    • 2005
  • This paper attempts to verify that the economic gap between the workers in (large) firms with unions and those in (small and medium size) firms with no unions has recently been widened rapidly. A comparison of the wages of the workers belonging to the business establishments with and without trade union shows that the union premium has increased very sharply since 1997, after a relatively long periods with little changes. Also found is that union sector has witnessed a sharper decline in the share of the new entrants among workers as well as a faster increase of the average tenure of workers. These all indicate that the trade unions have forced a market equilibrium to move farther away from the competitive equilibrium in recent years.

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Socio-economic Characteristics of the Poor and Poverty Transition in Korea : Since the Recent Economic Crisis (빈곤층의 사회경제적 특성과 빈곤 이행 : 경제위기 이후의 시기를 중심으로)

  • Ku, In-Hoe
    • Korean Journal of Social Welfare
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    • v.48
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    • pp.82-112
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    • 2002
  • This study investigates the causes of poverty in Korea since the 1997 Economic Crisis by analyzing the composition and characteristics of the poor by the types of families. While the poor largely consisted of disadvantaged groups, such as the aged, the disabled, or the female-headed families before the Crisis, families headed by working-aged and non-disabled adults have represented a larger portion of the entire poor since the Crisis. The higher overall poverty rate in 1998 mainly resulted from the rapid increase in the number of the unemployed and the high poverty rate of their families. In 1999, the larger number of the unemployed poor exited from poverty by getting a job in the labor market, contributing to the reduction in the overall poverty rate. The significant number of families headed by working adults were poor in 1998, and the size of these working poor was not reduced in 1999. The poverty among this group has been caused by lowered wage rates and deteriorating job security. The findings from this study suggest that anti-poverty policies in Korea be improved to provide better income and employment assistance to the non-working poor and, more importantly, be extended to effectively reduce poverty among the working low-income families.

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Estimation and Sensitivity Analysis on the Effect of Job Training for Non-Regular Employees (비정규직 직업훈련효과 추정과 민감도 분석)

  • Lee, Sang-Jun
    • The Korean Journal of Applied Statistics
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    • v.25 no.1
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    • pp.163-181
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    • 2012
  • This paper studies the effect of job training for non-regular employees in the Korea labor market. Using an economically active population data set of statistics Korea, we apply a non-parametric matching and sensitivity analysis method to measure the effect of the training for non-regular employees and to look for the impact of an unobservable variable or confounding factor in regards to the selection effect and outcome effect. In the our empirical results, we conclude that the effect of the training for non-regular employees has a better employment effect for getting a regular job rather than a wage effect; in addition, the impact of unobservable variables or confounding factors do not exercise a statistically strong influence on the baseline ATT.

A Study on Improvement Working Conditions of Pelagic Sailors (원양어업의 안정적인 선원수급을 위한 근로조건 개선 연구)

  • JUNG, Sang-Yoon;JANG, Jong-Won
    • Journal of Fisheries and Marine Sciences Education
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    • v.28 no.6
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    • pp.1651-1661
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    • 2016
  • The purpose of this study is to draw up a plan for improving working conditions of distant water fishing vessel crew in order to revitalize the declining distant water fishing industry. Land-based employment has increased as the result of industrialization, which in turn created shortage in marine crew supply for distant water fishing vessels. Pressure on increasing wages for sea farers is put on the industry for this reason, making the labour market in the distant water fishing industry tougher and tighter. Multiple issues have yet to be addressed for distant water fishing vessel crew. They suffer from excessive work compared to other industries. Crew management is another issue, as sea farers face poor labour conditions, working on board vessels in a collective way where no autonomous actions are allowed. Other issues include unqualified crew supply, increasing ratio of labour costs for crew to sales, and intensified implications of labour unions, which are as well making crew supply difficult as a whole. To this end, more well-qualified workers should take part in production operations in the distant water fishery. Both wage increase and working condition improvement should be achieved in order to strengthen motivation towards qualified sea farers. Sustainable crew supply can be achieved when working environments, gender-based working conditions, welfare are prioritized and improved as a whole.

Health Inequalities Among Korean Employees

  • Choi, Eunsuk
    • Safety and Health at Work
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    • v.8 no.4
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    • pp.371-377
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    • 2017
  • Background: Social status might be a determinant of occupational health inequalities. This study analyzed the effects of social status on both work environments and health outcomes. Methods: The study sample consisted of 27,598 wage employees aged 15 years and older from among the Korean Working Condition Survey participants in 2011. Work environments included atypical work, physical risks, ergonomic risks, work demands, work autonomy, social supports, and job rewards. Health outcomes comprised general health, health and safety at risk because of work, the World Health Organization-5 Well-being Index, work-related musculoskeletal disease, and work-related injury. Multivariable logistic-regression models were used to identify the associations between social status and work environments and health outcomes. Results: Employees in the demographically vulnerable group had lower occupational status compared with their counterparts. Low social status was largely related to adverse work environments. Especially, precarious employment and manual labor occupation were associated with both adverse work environments and poor health outcomes. Conclusion: Precarious and manual workers should take precedence in occupational health equity policies and interventions. Their cumulative vulnerability, which is connected to demographics, occupational status, adverse work environments, or poor health outcomes, can be improved through a multilevel approach such as labor market, organizations, and individual goals.

A Critical Review on the Social Services : Focusing to its effect of Commodification and Rationalization of Private Life (사적영역의 상업화·합리화로서 사회서비스 비판 : Andrѐ Gorz의 논의를 중심으로)

  • Jeong, Ji-ung;Lee, Jun-woo
    • Korean Journal of Social Welfare Studies
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    • v.41 no.1
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    • pp.227-249
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    • 2010
  • The purposes of this article are to criticize social services, and to consider alternative caring policies and social economic regime to cope with caring blank, in the view point of A. Gorz. According to Gorz, in the value of growth of capitalism, people who are in charge of household affairs and caring work make inroads into the wage market. At this point, as caring blank is occured, social services are emerged. These new aspects are 'Commodification and Rationalization of Private Life'. This article suggests alternative ideas to these aspects. First, universal care giver·breadwinner model, second, the dominance of eco-reason and shorter working hours.

Corporate Characteristics and Occupational Injuries by Industry

  • Sunyoung Park;Myung-Joong Kim
    • Safety and Health at Work
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    • v.14 no.3
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    • pp.259-266
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    • 2023
  • Background: Recent research on occupational injuries in companies has faced difficulties in obtaining representative data, leading to studies relying on surveys or case studies. Moreover, it is difficult to find studies on how a company's industry characteristics affect occupational injuries. This study aims to address these limitations. Methods: We collected 11 years of disclosure data from 1,247 listed companies in the Korean stock market and combined it with their occupational injury histories collected by the Republic of Korea Occupational Safety and Health Agency (KOSHA) to build a dataset. We attempted to analyze a linear panel model by dividing the dataset into manufacturing, construction, and other industries. Results: The higher proportion of full-time employees and better job skills correlate with lower occupational injuries in other industries. The wage increase reduces occupational injuries in manufacturing and other industries, but the substitution effect produces the opposite outcome in construction. Also, foreign ownership and credit ratings increase effectively reduce occupational injuries mainly in the manufacturing industry. Conclusion: Our results suggest that in explaining the relationship between corporate characteristics and occupational injuries, it is necessary to consider the nature of the industry more closely, and in particular, employment and labor policies for preventing occupational injuries need to be selectively applied according to industry. In addition, to improve the limitations and increase the usability of the research results, further detailed studies are needed in the future.