• Journal of Labour Economics
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• v.24 no.2
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• pp.63-94
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• 2001

Based on the human capital theory, the wage differentials among laborers are generated from the discrepancy of human capital stock which depends on individual laborer's decision. Hence, the wage differentials among laborers or between male and female are not the results of discrimination, but the results of individual choice. But, if the individual choice for human capital stock would be affected by the male-female discrimination, the explanation for male-female wage differentials base on the human capital stock has a bias. Actually, women have experienced in the discrimination on labor market participation due to gravity, parturition, infant rearing. Also, it is a fact that women have been discriminated against men in labor market owing to social, traditional, and cultural discriminations. If woman or her parent will less invest on human capital than man owing to the existence of discrimination in labor market, the 'expected human capital stock' instead of human capital stock will explain male-female wage differentials better. Therefore, in this study, we set up three models; first model includes working hours, industry, occupation, etc which are in general used as explanatory variables for wage decision, second model includes the variables which reflect the traditional human capital stock together with the first model's explanatory variables, third model employes the 'expected human capital stock' instead of traditional human capital stock. From the empirical test, the estimates of discrimination in three models are .93, .60, and, .48 respectively. This result implies that the male-female wage differentials in Korea can be explained by the discrepancy of 'expected human capital stock'. Since the discrepancy in expected human capital stock depend on the disparity in life-cycle labor force participation, male-female wage differentials can largely be attributed to male-female disparity in expected lifetime labor force participation.

• International Journal of Human Ecology
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• v.5 no.1
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• pp.9-21
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• 2004

This study attempted to identify the factors related to life insurance focusing on two different types of life insurance： term life insurance and cash-value life insurance. Based on the human capital, bequest motives theories, and decision under risk, a conceptual framework was developed. The results showed a support for the conceptual framework indicating that human capital, bequest motives as well as attitude toward risk were important factors in predicting each of life insurance ownership. In addition, the factors related to each type of life insurance were different. For term life insurance, the variables representing households' bequest motives were found to play an important role while the variables reflecting human capital theory had significant impact on cash-value life insurance holding.

• Knowledge Management Research
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• v.20 no.4
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• pp.1-22
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• 2019

The purpose of this study is to investigate the role of IT-enabled dynamic capability in the relationship between intellectual capital and innovation performance under Industry 4.0. We approach the intellectual capital from the perspective of the resource-based view and define the components of intellectual capital as human capital, social capital, and organizational capital. On the other hand, the IT-based dynamic capability means that the information technology and the utilization ability of the enterprise are combined to overcome the turbulent environment. The empirical results showed that the IT-enabled dynamic capabilities mediated the relationship between intellectual capital and innovation performance as it revealed in theory. And in terms of practical implications, we found the importance of an organization's information technology ability to effectively utilize intangible resources for organizational performance.

• Korean Journal of Social Welfare
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• v.48
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• pp.333-358
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• 2002

The purpose of this study is to analyze empirically the causes of high unemployment among the people with disabilities, focused on productivity and discrimination. In order to pursue such goal this study adopts human capital theory, screening theory, job contest theory, taste theory and statistical discrimination theory as theoretical background. The major findings are: (1) Among the human capital variables Education degree and job training are not statistically significant on employment. Only degree of activity limit has significant effect. (2) Among the discrimination related variables only discrimination experiences variable has negative effect on employment. (3) Between degree of activity limit and discrimination experiences, both have similar effect on employment. But the degree of activity limit can be thought as discrimination related element. Because' not giving resonable accommodation' is regarded discrimination in ADA or DDA. These mean that it is important for society to compel the employment of the disabled and to put focus on eliminating prejudice rather than accomplishing education and job training programs to improve the employment of the disabled. In order to accomplish this it is necessary to increase the levy for disabled persons' employment promotion of the disabled persons' employment promotion act and to establish the disability discrimination act. Also, integrated education starting from infancy is necessary. Education system should be changed, and Job training must focused on industry which demand more labor force.

• Korea journal of population studies
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• v.28 no.2
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• pp.245-257
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• 2005

The income of wage earners and the transition of the inequality of their income from 1993 through 1998 have been analyzed. Korea's economy went through an epochal change since the beginning of the IMF economy and the inequality of income, which is part of the change incurred by this situation, has been studied in this thesis. The 'human capital theory' has been chosen as the basis of study. Also, gender, educational background and age, which are the key variables of the 'human capital theory', have been set as independent variables to compare each variable's influence in the distribution of income. From 1993 to 1998, the effect of gender has shown a fluctuating pattern whereas the effect of education declined slowly and the effect of age rapidly. The accumulative effect of the three variables show a fluctuating pattern, but at a declining mode. Though discrimination against gender, educational background and age, in terms of income, is at a declining mode, it is apparent that it still exists. Especially, discrimination against gender is continuing at a fluctuating pattern.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.5 no.7
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• pp.33-42
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• 1982

The standard theory of production treats human and non-human inputs in the same way. Inert Areas Theory drops this assumption. One distinction is obvious. Human capital, the source of human inputs, can not be purchased outright by firms. Usually what is purchased are units of labor time. What is critical is directed effort, at or beyond some level of skill. Direct effort, however, involves choice and motivation, and these are the critical variables left out of the standard theory. Leibenstein introduces the concept of "inert areas" by which he means "a set of effort positions whose associated levels of utility are not equal but in which the action required to go from a lower to a higher utility level involves a utility cost that is not compensated for by the gain in utility." This idea is used when discussing the behavior of firm's management.f firm's management.

• Korean Journal of Social Welfare Studies
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• no.36
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• pp.103-127
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• 2008

This study investigated the mechanism and the degree of the effects of social capital on children's depression by using the Korean National Child and Adolescent Panel data Yr. 1. We predicted that the human capital of a child's family such as education and income would influence children's depression directly, and indirectly through family and community social capital. We further predicted that the influence of the community social capital would be exerted on the depressive symptoms more so through the family social capital. The findings suggest that both the human capital and the community social capital influence children's depression through family social capital more so than directly. The findings underscore the importance of the qualities of family relationship for a child's mental health and suggested family policies and intervention strategies that strengthen families.

• Journal of Labour Economics
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• v.32 no.2
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• pp.61-93
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• 2009

In this paper, we estimate the wage premium of English skills in the Korean labor market using Korean Labor and Income Panel Study(KLIPS) data. In a simple OLS model, we find that people with some English skills in terms of self evaluation or job requirement earn 30% more than those who do not have English skills. But in a small sample of relatively young people, higher English lest scores do not raise earnings. When we add SAT scores in the wage equation, there is no wage premium of English skills, and in the IV estimation, we find no "English premium". These results consistently imply that while there is a large wage premium of English skills in the Korean labor market, it reflects unobservable ability for the most part. Meanwhile some of the regression results favor human capital theory over screening theory as an explanation of the nature of the wage premium of English skills.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.5
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• pp.421-429
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• 2022

Entrepreneurship research has focused on several factors that might affect the intention of an individual to start an enterprise. Using principles from social network theory and the entrepreneurial intention model (EI), the current research intends to investigate how social capital is formed on Social Networking Sites (SNS) and how the resulting social capital influences entrepreneurial intention. Using an online survey, 151 valid responses were received from university students. Applying partial least square structural equation modeling, positive and significant relationship was found between the SNS usage and bonding and bridging social capital. Further, it was also found that online-bonding social capital does not impact any of the three antecedents of entrepreneurial intention. On the other hand, online-bridging social capital significantly influences personal attitudes and subjective norms. It was also found that both personal attitude and perceived behavioral control significantly relate to EI, while the subjective norms do not relate significantly to EI. The paper contributes to the literature on technology-based human behavior and entrepreneurship in emerging countries, opening some areas for future research, while also providing some managerial insights. It also should be beneficial to educational institutions in understanding how the use of SNS use by students may be optimized.

• Korean Journal of Social Welfare
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• v.66 no.2
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• pp.231-253
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• 2014

This paper aims to investigate epistemic principles and practical virtue items in Confucism about formation of social capital in a community. First, I have reviewed the basic perspective of Confucism utilizing holistic point of view, which is based on the theory of Yum-Yang, and human relationship in terms of role harmony, which is based on the theory of Si-Wi. I have then explored several items, some of which are Jung and Hwa as an internal value criterion, Ui and Ye as an external one. Analyzing other items such as In and Deok as directional items, Chung-Seo and Hyeol-ku-ji-do as epistemic items and Hyo and Ye as practical ones, I have found out that all of them, mentioned above functioned as factors of social capital in a community. Therefore, we emphasize that Confucian epistemic principles and practical virtue items can not only function as components of social capital in modern communities but have useful and practical implications for policy in modern community welfare.