• Title/Summary/Keyword: Panel logit analysis

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Study on the Effect of Labor Unions on Job Stability - Oaxaca Non-linear Decomposition of Probit-Logit - (노동조합이 고용안정에 미치는 효과에 관한 연구 - 프로빗-로짓의 Oaxaca 비선형분해 -)

  • Cho, Dong Hun;Cho, Joonmo
    • Journal of Labour Economics
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    • v.30 no.3
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    • pp.43-75
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    • 2007
  • This study reviews the trend of job separation rates for three years from 2002 to 2005 and investigates the various elements which influence this trend, especially the role of the labor unions, by using Korean Labor Panel data. In the basic statistics, the job retention rate of union members were higher by an average of 28.3% points compared to non-union members, but in the results of controlling the observed variables of individual influences in changing jobs, it was estimated that unions increase the job retention rate by 11% to 13% points. To investigate the effect of unions on the job stability of workers in detail, the non-linear decomposition method developed by Fairlie (2003) was used in the analysis. In examining the difference of job separation rates between union members and non-union members through observed variables of workers in explainable parts and unexplainable parts by using the non-linear decomposition technique, the contribution of the explainable part was estimated to be 67% to 74% and the unexplainable part accounted for the rest which was 26% to 33%. This suggests that not only does the union contribute to the job stability of its members, but the propensity to change jobs for a worker who is a union member is on average lower than that of a worker who is not a union member or who works at an establishment that does not have a union. The results of the empirical analysis show that the job stability effect of labor unions is limited within the boundary of a maximum 7% to 9% points. The reason for the effect of labor unions on job stability being so low is due to various reasons such as collective bargaining structure by company, intensified business competition after the financial crisis, and labor market segmentation.

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Social Risks of Self-Employed Women in Korea and the Legacy of East Asian Welfare Model Policy Logic (한국 여성 자영업자의 사회적 위험과 동아시아복지국가 정책 논리의 유산)

  • Ahn, Jong-soon
    • 한국사회정책
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    • v.24 no.4
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    • pp.63-87
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    • 2017
  • Self-employed women are highly vulnerable to social risks like unemployment and poverty as job instability has increased in recent decades. Despite this, the Korean public policy focus has been on employees, not the self-employed. This may be closely linked to the legacy of the East Asian welfare model policy logic. Therefore, this study explores social risk levels by gender and employment status and examines the relation between social risks of self-employed women and the East Asian welfare model policy logic, through comparing-means analysis and ordered logit regression analysis using the 9th wave data of the Korea Welfare Panel Study Korea. The study yields evidence of divisions in social risk levels according to gender and employment status: that is, a gender difference, and a substantial gap between self-employed workers and regular employees. Furthermore, the findings of the study indicate that self-employed women — especially in small businesses — are more vulnerable to social risks than are self-employed men. This strongly supports the conclusion that the higher social risks of self-employed women in Korea are closely linked to the legacy of East Asian welfare model policy logic, which focuses on social protection for core workers and largely neglects women.

Further Empirical Analysis on Corporate R&D Intensity for KOSDAQ Listed SMEs in the Era of the Post Global Economic Crisis (국제금융위기 이후의 코스닥 상장 중소기업들의 연구개발비에 대한 실증적 심층분석)

  • Kim, Hanjoon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.22 no.2
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    • pp.248-258
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    • 2021
  • The study analyzed the financial determinants of corporate R&D intensity that require more attention from academics and practitioners in the Korean capital market. Domestic small and medium enterprises (SMEs) may face with developing substitutes by making more R&D investments in scale and scope, given the unprecedented economic conditions such as the limitation of importing core components and materials from other nation(s). KOSDAQ-listed SMEs were selected as sample data, whose R&D expenditures may be less than those of large firms during the post-global financial turmoil period (2010~2018). Static panel data model was applied, along with Tobit and stepwise regression models, for examining the validity of results. Logit, probit, and complementary log-log regressions were also employed for a relative analysis. R&D expenditures in the prior year, the interaction effect between the previous R&D intensity and high-tech sector, firm size, and growth rate were significant to determine R&D intensity. Moreover, a majority of explanatory variables were found to change between the years 2011 and 2018, while time-lagged effects between the R&D intensity and growth rate exist. Results of the study are expected to be used for future research to detect optimal levels of R&D expenditures for the value maximization of SMEs.

Identifying Latent Classes in Early Adolescents' Overt Aggression and Testing Determinants of the Classes Using Semi-parametric Group-based Approach (준모수적 집단 중심 방법을 적용한 청소년기 초기의 공격성 변화에 따른 잠재계층 분류와 관련요인 검증)

  • No, Un-Kyung;Hong, Se-Hee
    • Survey Research
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    • v.10 no.3
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    • pp.37-58
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    • 2009
  • The purpose of this study were to identify the subgroups (i.e., latent classes) depending on early adolescents' change patterns in aggression and to test the effects of individual-background variables on determining the latent classes. For these goals, we applied Nagin's(1999) semi-parametric group-based approach to the Korean Youth Panel Study. Results showed that four latent classes were identified, which could be defined based on the patterns as low-level group, increasing group, intermediate-level group, and high-level group. By adding gender, self-control, parent attachment, teacher attachment, and the number of delinquent friends to the unconditional latent class model, we tested the effects of the variables on the latent classes. Multinomial logit analysis showed that gender, self-control, teacher attachment, and the number of delinquent friends were significant determinants of the latent classes. Findings from this study suggest the need to consider heterogeneity in the study of early adolescents' aggression to facilitate more refined targeting of intervention program.

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Factors Affecting Service Use Intention of Long-term Care among the Disabled: Focused on Age Differences of the Disabled (중고령 장애인의 장기요양서비스 이용의향 예측요인 연구: 중고령 장애인집단내 연령차이를 중심으로)

  • Moon, Yongpil
    • 한국사회정책
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    • v.25 no.1
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    • pp.125-159
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    • 2018
  • The purpose of this study is to analyze the factors affecting service use intention of long-term care among the disabled. This study conducts a longitudinal study using the modified Andersen model by the disabled age groups of the 50-64 group and the 65 over group. This study examined random effects panel logit analysis for the 50-64 group and the 65 over group by age variations. The results have shown that there are different factors Influencing factors for each specific age group of the disabled(50-64, 65 over). The results were as follows: there are differences of factors between the 50-64 group and the 65 over group. This study found that predisposing factors of the service use intention of long-term care were significantly related to age, residential area, education status, existence of spouses. Enabling factors of the service use intention of long-term care were significantly related to long-term care service recognition, saving, personal salary income level, housing status. Need factors of the service use intention of long-term care were significantly related to chronic diseases, psychological health, IADL. So, there are a need for a policy considerations such as service for the mid-old age disabled by age groups. Finally, implications and future research directions were discussed based on the finding of the study.

The Effect of Objective and Subjective Social Isolation and Interpersonal Conflict Type on the Probability of Cognitive Impairment by Age Group in Old Age (노년기 연령집단별 객관적·주관적 사회적 고립과 대인관계갈등 유형이 인지기능에 미치는 영향)

  • Lee, Sang Chul
    • 한국노년학
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    • v.38 no.4
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    • pp.811-835
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    • 2018
  • Social relations and cognitive function in old age are closely related to each other, and social relation is classified into structural characteristics and qualitative characteristics reflecting cognitive and emotional evaluation. The concept of social isolation is the focus of attention in relation to the social relations of old age. Social isolation has a multidimensional theoretical structure that is divided into objective dimension such as social network, type of furniture, social participation, and subjective dimension such as lack of perceived social support and loneliness. There is also a close relationship between cognitive function and interpersonal conflict in old age. In this study, we examined the effect of subjective social isolation, which shows the structural characteristics of social relations, and subjective social isolation and interpersonal conflict on the dementia occurrence by age group in the elderly. The data were analyzed by applying a random effect panel logit model using 1,740 panel data from the first year to the third year of KSHAP. The results of the analysis are summarized as follows. First, the cognitive impairment increased sharply with age. Objective and subjective social isolation were both U-shaped distribution with an inflection point of 80 years old. Second, the main effect on the probability of cognitive impairment was statistically significant with objective and subjective social isolation, but the type of interpersonal conflict did not appear to be significant. Third, the results of two-way interaction effect analysis on the probability of cognitive impairment are as follows. The relationship between subjective social isolation and the probability of occurrence of cognitive impairment was significantly different according to the level of conflict with spouse. In addition, the higher the subjective social isolation, the higher the probability of cognitive impairment in the elderly(over 85) than in the young-old(65~74). In addition, as the level of conflict with spouses increases, the probability of cognitive impairment of the oldest-old(aged 85 or older) is drastically lower than that of the young-old(aged 65~74). Based on the results of this study, policy and practical implications for reducing the cognitive impairment of the elderly age group were suggested, and limitations of the study and suggestions for future research were discussed.

Patent Production and Technological Performance of Korean Firms: The Role of Corporate Innovation Strategies (특허생산과 기술성과: 기업 혁신전략의 역할)

  • Lee, Jukwan;Jung, Jin Hwa
    • Journal of Technology Innovation
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    • v.22 no.1
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    • pp.149-175
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    • 2014
  • This study analyzed the effect of corporate innovation strategies on patent production and ultimately on technological change and new product development of firms in South Korea. The intent was to derive efficient strategies for enhancing technological performance of the firms. For the empirical analysis, three sources of data were combined: four waves of the Human Capital Corporate Panel Survey (HCCP) data collected by the Korea Research Institute for Vocational Education and Training (KRIVET), corporate financial data obtained from the Korea Information Service (KIS), and corporate patent data provided by the Korean Intellectual Property Office (KIPO). The patent production function was estimated by zero-inflated negative binomial (ZINB) regression. The technological performance function was estimated by two-stage regression, taking into account the endogeneity of patent production. An ordered logit model was applied for the second stage regression. Empirical results confirmed the critical role of corporate innovation strategies in patent production and in facilitating technological change and new product development of the firms. In patent production, the firms' R&D investment and human resources were key determinants. Higher R&D intensity led to more patents, yet with decreasing marginal productivity. A larger stock of registered patents also led to a larger flow of new patent production. Firms were more prolific in patent production when they had high-quality personnel, intensely investing in human resource development, and adopting market-leading or fast-follower strategy as compared to stability strategy. In technological performance, the firms' human resources played a key role in accelerating technological change and new product development. R&D intensity expedited new product development of the firm. Firms adopting market-leading or fast-follower strategy were at an advantage than those with stability strategy in technological performance. Firms prolific in patent production were also advanced in terms of technological change and new product development. However, the nexus between patent production and technological performance measures was substantially reduced when controlling for the endogeneity of patent production. These results suggest that firms need to strengthen the linkage between patent production and technological performance, and take strategies that address each firm's capacities and needs.