• Korean Journal of Social Welfare
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• v.62 no.3
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• pp.5-29
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• 2010

This study examines the welfare dynamics in Korea under the scheme of National Basic Livelihood Protection Program(NBLP). Data are drawn from Korean Welfare Panel study 2005~2007. Main findings are summarized as follows. First, the exit probabilities show a declining tendency with time on welfare increases. If the exit probabilities indeed decline over time, the earlier years on welfare deserve more interest in the policy perspective. Moreover, the vast majority of recipients are long-termers. Further efforts are needed to increase self-sufficiency through providing genuine opportunity and necessary support for recipients. Second, out-of-poverty exit and out-of-system exit are quite different in their properties. The results from the multivariate analysis confirm that the dropouts through out-of-system exit are virtually the same with those who remain on welfare. These results imply that the government should not resort to the negative policy proposals such as time limit and strengthening sanctions. Third, several explanatory variables have anticipated effect on welfare exit probabilities. Age, education, health, marital status, the presence of children, employment status have a certain level of impact on exit, with the only exception of gender. Since the identification of the determinants can facilitate sensible targeting on the potential leavers, these results have some implications on policy proposals.

• The Journal of the Convergence on Culture Technology
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• v.7 no.4
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• pp.607-612
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• 2021

This study estimated the impact of the shock of housing price increase on the total fertility rate and the contribution of each variable to changes in the TFR. This study is differentiated by estimating the contribution rate of each variable to the fertility rate through the Shapley decomposition and the panel VAR's forecast error variance decomposition, which previous studies have not attempted. The main results of this study are as follows. First, the decline in the TFR in Korea has been strongly influenced by the recent decline in the total fertility rate, and this influence is expected to continue in the future. In the case of housing costs, in the past, housing sales prices had a relatively small contribution to changes in the total fertility rate compared to the jeonse prices, but their influence is expected to increase in the long term in the future. It has been demonstrated that private education expenses other than housing sale price and Jeonse price also acted as a major cause of the decline in the total fertility rate.

• Journal of Labour Economics
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• v.34 no.3
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• pp.1-28
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• 2011

This paper empirically tests the theory that labor demand elasticity of unionized firms would be smaller than that of nonunionized firms, using the Korean firms' panel data for 1990-2009. The major findings are the following: First, the estimates of labor demand elasticity of unionized firms are in the range of 0.34-0.49, less than a half of those of nonunionized firms, hence supporting the theory. Second, the unionized firms are more rigid in dynamic adjustment of employment than nonunionized firms. Finally, there are no significant differences between unionized and nonunionized firms in the elasticity of substitution.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.13 no.5
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• pp.55-61
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• 2018

The main purpose of this study is to test the effects of education and training invest of firm performance and to find the strategy of human resources development to industry include company and government, each stakeholder etc. For this purpose, this study empirical tested the causality, effects between education and training and firm performance. Using the HCCP panel data set, panel analysis model is performed with the dependent variables. The results of the study are summarized as follows. First, education and training has a significant impact on the firm sales per employee head. But there is no evidence for the effect of education and training on the net profit per employee head. These study results indicate that firms have to increase the concern and invest for education and training.

• Economic Analysis
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• v.17 no.4
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• pp.30-51
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• 2011

Since the previous studies on the effects of trade liberalization implicitly assume that trade liberalization affects economic performance only in any point in time, they inevitably are static. Static evaluations fail to account for cumulative dynamic effects of trade liberalization that affect continuously economic performance. This paper tries to fill this gap of the previous studies in this field, estimating cumulative effects of trade liberalization on economic performance by employing an dynamic version of empirical model. One of important empirical issue is controlling bias from endogeneity. To resolve this problem, this paper employes system GMM that uses lagged first-differences as instruments for level equations and lagged levels as instruments for first-differences equations. It improves upon cross-section estimators because it controls for the potential bias induced by the omission of industry-specific effects and the endogeneity of all regressors. This study investigates the effects of trade liberalization in Korean manufacturing for the period from 1988 to 2005 and finds that cumulative dynamic effects of trade liberalization are present and bigger than static effects.

• Economic Analysis
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• v.25 no.1
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• pp.34-65
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• 2019

This paper investigates the effects on Korean exports of demand in developed economies, and how these effects have changed since the global financial crisis. As a measure of import demand, we use import intensity-adjusted demand to take into account heterogenous import intensities across components of aggregate demand. Our estimation of a dynamic panel regression model reveals that Korea's exports to the G7 countries were elastic with respect to the import demand of these countries until the global financial crisis, but have shifted to become inelastic since. Furthermore, we separately estimate the effects of the different components of the G7 countries' aggregate demand (private consumption, public consumption, investment and exports). The results show that the decrease in private consumption in the G7 countries during the crisis had a significant impact in causing the decline in Korea's exports to them, but that the increase in their public consumption since the crisis has had a significant effect on driving increased Korean exports to them. The effects of the G7 countries' exports on Korea's exports to them remain positive and significant during both the pre- and post-crisis periods. The effects of the G7 countries' investments on Korea's exports are also positive and significant, but the positive effect has weakened since the crisis. Our findings suggest that the overall effect of changes in the G7 countries' import demand on Korea's exports to them has weakened compared to the pre-crisis period.