• Title/Summary/Keyword: Wage Effects

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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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The Effect of Human Resource Development on Employed Workers' Job Satisfaction and Wage (남녀직장인의 인적자원개발이 직무만족과 임금수준에 미치는 영향)

  • Kwak, In-Sook;Hong, Sung-Hee
    • Journal of Families and Better Life
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    • v.26 no.1
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    • pp.107-120
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    • 2008
  • The purpose of this study was to analyze the effects of human resource development on the job satisfaction and wage among employed workers. A sample of 3,578 employed workers was selected from Korea Labor Panel Data. For data analysis, t-test and multiple regression were used. The major findings were as follows: First, the employed workers who had experiences of human resource development had more certificates of job-related qualification, more employed in government-invested organization or foreign company regularly than the counterpart. Second, the employed workers' wage was affected by gender, age, educational attainment, as well as whether they had experiences of human resource development. Third, the factors that influence employed workers' job satisfaction were gender, age, educational attainment, job regularity, having certificate of job-related qualification or not, and having experiences of human resource development or not. From the findings, it can be concluded that the employed workers' wage and job satisfaction were improved by the human resource development.

The Wage Distribution Structure of Korean Manufacturing Industry (한국 제조업의 임금분포구조)

  • Chung, Kang-Soo;Kim, Bum-Sik;Lee, Cheol-Won
    • Journal of Labour Economics
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    • v.29 no.2
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    • pp.67-116
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    • 2006
  • This study directly analyzes the wage distributions rather than indirectly looking at a few of their moments. It also investigates wage distributions using various descriptive and semi-parametric methods. The wage distributions of Korean manufacturing industries can in general be represented by three distinct forms, underdeveloped, advanced and the medium of the two. The discrepancies in these distribution forms are explained by differences in the labor-type distributions and their weights in the composition of wage distribution forms, and further clarified through various descriptive statistics based on them. However, the descriptive statistical analysis has a limit in that it shows mixed outcomes of different categoric variables. Then, this problem is resolved by applying a semi-parametric estimation of hazard function and the marginal effect evaluations of variable changes on estimated distributions not on the function. As a result of this marginal analysis, the common features and differences of categoric variables and their intensities of effects on distributions are revealed.

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A Study on Labor Market Policy according Wage and Labor time in the Korea (국내 임금과 노동시간의 추이를 통한 노동시장정책 방향에 관한 연구)

  • Jang, Yu-Mi
    • Journal of Convergence Society for SMB
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    • v.3 no.1
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    • pp.7-13
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    • 2013
  • It will prove that with a more plausible specification of the relationship between income and the value of leisure, we can 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 labor market dynamic we can see that progressive era labor market legislation, designed to mitigate the effects of bargaining power inequality in low wage labor markets, was in fact based upon sensible economic foundations. The results of this study as follow; These low-wage dynamics present an example of a positive feedback system or "vicious circle" at work in the economy. With the revised labor supply schedule presented above, the market dynamic of the low wage sector push the wage away from the range that is consistent with a self-regulating market.

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Promotion and Wage in the Internal Labour Market : Sexual Differences (기업내부노동시장의 승진과 임금: 성별 차이를 중심으로)

  • 금재호
    • Korea journal of population studies
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    • v.25 no.1
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    • pp.181-211
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    • 2002
  • Using the fourth data of the Korea Labor and Income Panel Study (KLIPS), this paper analyzed sexual differences in the promotion possibility and the promotion experience. Effects on wage of the promotion possibility and the promotion experience have been also discussed in detail. The promotion probability of a male worker in his current job is as high as twice than that of a female worker after controlling other independent variables. However, if we restrict the analysis to workers who either can be or was promoted, the sexual difference in the promotion possibility is greatly narrowed. This result suggests that the continuous career development without disruption is critical for the promotion of female workers. Analysing the sexual difference in wage using Oaxaca and Ransom's methodology, explanatory variables, such as human capital, residential area, etc., explained 69.5% of wage difference between male and female workers. Especially, 13.9% of wage difference was contributed to sexual differences in the promotion possibility and the promotion experience. This kind of empirical result emphasized once again the importance of promotion on wage.

Estimation of Wage Differentials Caused by the Selection of Preferred Job (입직 과정에서의 희망직장 선택이 임금에 미치는 영향 분석)

  • Choi, Youngsup
    • Journal of Labour Economics
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    • v.25 no.1
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    • pp.97-129
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    • 2002
  • It is well known that the quality of job match has strong influence on the efficient allocation of labor resources in the economy on the macro level and also on the productivity of individual worker. Regarding this point we assumed that the selection of preferred job at the job entry can be interpreted as a subjective indicator of job match quality and tried to estimate the effects of such selection on the wage level. For this purpose we suggested random effects switching regression model and applied this model to the data of the Korea Labor Institute Panel Study from 1998 to 2000. As the results of estimation, we found that there exists large wage differentials at least more than fifty percent caused by such selection. Considering the fact that such wage differentials can not be suitably explained by the traditional reasons of the wage discrimination, we suggest the possibility that there also exists large productivity gap caused by the job mismatch and the necessity of improving the job placement service activity.

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On-the-job Training Gap between regular and non-regular Workers and Wage Effects (정규직-비정규직 간 훈련격차와 임금효과)

  • Oh, Ho-Young
    • Journal of Labour Economics
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    • v.43 no.3
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    • pp.33-61
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    • 2020
  • The purpose of this study is to analyze the disparity in on-the-job training between regular and non-regular workers and to compare the wage effects of on-the-job training. Using the Korean micro data from the Programme for the International Assessment of Adult Competencies(PIAAC) published by OECD, Propensity Score Method(PSM) is applied to overcome the endogeneity problem. The average treatment effect(ATT) on the training participation is analyzed, using non-regular workers as treatment group and regular workers as comparison group. Odds ratios of non-regular employees' training participation compared to regular employees shows 0.67 times after constructing matching sample and this means that non-regular workers are facing a disadvantageous training opportunity compared to regular workers. In order to estimate the wage effect of on-the-job training, the average treatment effect(ATT) of on-the-job training on average wages for regular workers and non-regular workers is estimated respectively. I find insignificant wage effect from on-the-job training among regular workers and significant positive effect on non-regular worker's wage from on-the-job training.

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The Effects of the Social Network of Disabled Wage Worker on Job Satisfaction :Centered on the Mediating Effects of Discrimination Experience (임금근로 장애인의 사회적 네트워크가 직무만족에 미치는 영향: 차별경험의 매개효과를 중심으로)

  • Ha, Kyeong hye
    • The Journal of the Korea Contents Association
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    • v.17 no.5
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    • pp.305-316
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    • 2017
  • The purpose of this study is to analyze the effect of the social network of disabled wage worker on discrimination experience and job satisfaction and the mediating effect of discrimination experience, based on this, we propose a solution. For this purpose, data of 805 people with Panel Survey of Employment for the Disabled were analyzed using data from the 8th year(2015). The results of the study are as follows: First, the social networks of disabled wage worker were found to reduce the discrimination experience and increase the job satisfaction. Second, the discrimination experience of disabled wage worker decreased job satisfaction and mediated the relationship between social network and job satisfaction. These results that the social network is important for the discrimination and job satisfaction of disabled people, and we suggest that is necessary to make efforts at government and enterprise level to strengthen the social network of the disabled.

Effect of Wage Peak System on Labor Market Integration of Senior Workers base on Age Integration Paradigm (연령통합적 관점에 기초한 임금피크제의 고령근로자 노동시장 통합 효과)

  • Choi, Hyeji;Jeon, Haesang;You, Yonglim;Chung, Soondool
    • 한국사회정책
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    • v.23 no.2
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    • pp.25-48
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    • 2016
  • This study stemmed from the notion that effects of wage peak system were investigated exclusively on management efficiency from the perspective of workplace. As a way to overcome the limitation of previous studies, This study examined the effects of wage peak system on age integration of senior workers. Quantitative analyses with data from workplace panel survey were executed. Results revealed that percent of workers aged 50 and over was significantly higher in work places that implemented wag peak system than that of those did not. Also Average year of employment for full time workers was higher in work places that implemented wag peak system than that of those did not, suggesting that wage peak system was related to labor market integration of aged workers in some ways.

The Effects of Job Training Programs on the Employment and Wages of Immigrants in Korea (직업훈련이 외국인력의 고용과 임금에 미치는 영향)

  • Kim, Hyejin;Lee, Chulhee
    • Economic Analysis
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    • v.27 no.2
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    • pp.41-70
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    • 2021
  • Using the 2017 and 2019 Survey on Immigrants' Living Conditions and Labour Force, we examine how the job training programs in Korea affect immigrants' labor market outcomes by applying the propensity score matching method. The results show that job training programs increase the probability of being employed by 6.4 percentage points and positively affect monthly wages. There is significant heterogeneity in the effects of job training effects across visa categories. For immigrants with work visas, the effect on the employment rate is relatively small, while the wage effect is considerably large. On the other hand, we do not find a positive wage effect for marriage migrants. Both the employment rate and the monthly wage increased through job training for permanent residents.