• Journal of Labour Economics
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• v.41 no.4
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• pp.107-131
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• 2018

This paper presents a model for the Minimum Wage Commission's decision process and analyzes the strategic actions of the participants in the process. The Minimum Wage Commission has used two ways of setting the minimum wage. The commission has voted either on the labor's against the management' final proposals or has voted on the public interest commissioners' proposal. According to the model, the minimum wage is determined at a level that is very close to or at a level preferred by the median voter among the public interest commissioners. But the probability of adopting labor or management proposal is ex-ante the same. Empirical evidence from the minimum wage decision process is consistent with the predictions of the model. The probability of adopting the labor's proposal in the minimum wage commission voting is not statistically significantly different from 50%. The model also suggests that the preference of the median voter among public interest commissioners determines the minimum wage level. Since the government appoints public interest commissioners and thus, in fact, the median voters, the government can decide the minimum wage level. This proposition is also consistent with data. The annual growth rate of the minimum wage under the progressive governments is higher than under conservative governments.

• Korean Journal of Labor Studies
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• v.14 no.2
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• pp.267-307
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• 2008

이 논문은 일본 임금교섭의 '높은 수준의 조율'과 '상당한 기업규모별 임금격차의 존재'라는 일견 서로 모순되는 두 현상을 종합적으로 이해하고자 하였다. 이를 위해 우선 일본에서의 기업규모별 임금격차의 상황을 보았다. 여기서 상당한 정도의 임금격차가 있다는 것을 재확인했다. 그렇지만 일본의 임금격차의 양상은 보다 복합적이어서 소정내 임금을 기준으로 할 때 초임에서는 기업규모별 임금격차가 거의 없었다. 또한 1970년대 이후 1990년대까지 기업규모별 임금격차가 거의 확대되지 않았으며, 한국과 비교할 때 기업규모별 임금격차는 작았다. 이렇게 된 한 가지 이유는 임금교섭인 춘투가 긴밀하게 조율됨으로써 초임이 통일되었고 기업간 평균임금의 격차를 일정 범위 내로 제한할 수 있었기 때문이다. 그리고 기업별 교섭이 긴밀하게 조율될 수 있었던 데에는 일단 '통일투쟁'을 주도한 노조의 전략이 중요한 요인이었다. 통일투쟁의 선두에 선 대기업 노조들은 기업 내에서의 임금극대화보다는 사회적 임금결정 기준을 형성하는 데에 노력했다. 이와 함께 노조에 맞서 강한 단결을 유지하고 긴밀한 협의체제를 만들어간 사용자의 대응 역시 결정적 요인이었다. 그럼에도 상당 폭으로 존재하는 임금격차 역시 임금교섭의 양상과 연관되어 있다. 기업별 교섭이 긴밀히 조율되긴 하나 조율에 한계가 있어서 임금격차를 어느 한도 이상 줄이지 못하는 것이다. 조율의 한계로는 첫째 노조 연대임금 정책의 부재, 둘째 기업별 교섭으로 인한 전국적 조율의 한계, 셋째 연공적 임금체계 하에서 기업횡단적 임금결정 기준이 부재한 것 등을 들 수 있다.

• Journal of Labour Economics
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• v.25 no.2
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• pp.109-128
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• 2002

Korean economy has contains many economic problems during past 2-3 years. One of these problems is unemployment rate rise rapidly. So Korean government has proposed many programs to deal specifically with male and female unemployment. But important things are not only administratoin's programs but also unemployed persons' reservation wage. Accordingly the purpose of this thesis is to analyze why reservation wages differ between male and female. The data we are going to use is the unemployment survey by researcher in 1998. By the result of the estimation of reservation wage functions, we are found two fact. The first is the principle of determinants reservation wage are different between male and female. In esimation of male reservation wage function, early wage and age, education level, unemployment period are very important determinants. But in esimation of female reservation wage function, early wage and education level, age, licence are very important determinants. The second is the reservation wage-setting mechanisms are different between male and fermale. Therefore we conclude that because Korean labor market is stratified labor market, reservation wage-setting mechanisms are much different by sex.

• Journal of Labour Economics
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• v.28 no.1
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• pp.61-82
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• 2005

We investigate wage differentials in Korea in the manufacturing industry, as well as factors affecting structural change in wage determination for the pre- and post-financial crisis regimes. We use the 1995 and 1999 data from the Survey Report on the Wage Structure (SRWS) from the Ministry of Labor. Principal components regression analysis is used to tackle multicollinearity. We employ factor analysis to reduce a set of variables to a smaller number, which contain observed and latent variables. Our empirical investigation provide evidences for changes in wages structure between 1995 and 1999. In 1995, the job quality factor is the most critical in the determination of wages, while in 1999, the industry attributes factor impacts greatly on the wages.

• Journal of Labour Economics
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• v.24 no.3
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• pp.63-81
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• 2001

We focus on the relationship between the wage and the productivity in the Korean manufacturing industry over the period from the 1971 year to the 2000 year by using the Geweke's linear feedback method and the impulse response method. And we divide the whole period into the 1971-before the financial crisis and the 1971-2000 including the after the financial crisis to study the change of the relationship between the wage and the productivity after the financial crisis. The results are the followings; The productivity has the large influence on the wage positively, so that the improvement of the productivity boosts the wage and the vice versa in the before financial crisis period. It means that both the conventional wage setting theory and the alternative wage theory(efficiency wage and union theory) exist in the manufacturing industry. However, there exist only the conventional wage setting theory in the whole period.

• Journal of the Korean Data and Information Science Society
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• v.27 no.5
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• pp.1317-1325
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• 2016

The purpose of this paper is to explain the factors affecting the wage of the vocational high school graduates. We particularly examine the effectiveness of controlling sample selection bias by employing the Tobit model and Heckman sample selection model. The major results are as follows. First it is shown that the Tobit model and Heckman sample selection model controlling sample selection bias is statistically significant. Hence all the independent variables seem to be statistically consistent with the theoretical model. Second, gender was statistically significant, both in the probability of employment and the wage. Third, the employment probability and wage of Maester high school graduates were shown to be high compared to all other graduates. Fourth, the higher parent's income, the higher are both the employment probability and the wage. Finally, parents education level, high school grade, satisfaction, and a number of licenses were found to be statistically significant, both in the probability of employment and wages.

• Journal of Labour Economics
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• v.29 no.2
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• pp.171-199
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• 2006

We collected survey data from those who have Vocational Training Teachers' Qualification to investigate the workplace characteristics and job satisfaction of the qualified people. Also, this study analyzed the determinants of the Vocational Training Teachers' monthly wages. Statistically Significant variables were male, age, graduated from graduate school, work duration, total work hours, regular workers, and levels of the certification. Since previous studies argued that the levels of the certification did not have effect on the wage, result of this study suggested that the further study and discussions on the effect of the levels of the certification was needed.

• Journal of the Economic Geographical Society of Korea
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• v.5 no.2
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• pp.187-207
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• 2002

This study investigates the wage determination process of regional labor markets in order to understand the regional dimension of labor market processes in Korean metropolitan cities. Since the financial crisis in late 1997, the interplay between labor market restructuring such as unemployment and skill polarization and income disparity has been shaped by the labor market process in the metropolitan cities. This is also closely related to the fact that both industrial restructuring and expanding information technologies in the metropolitan region have reshaped the labor demand structure and finally resulted in structural unemployment due to skill mismatch and spatial mismatch and wage inequality across different occupations. In addition, since wage determination process clearly has a regional dimension, wage determination and its influence on income profile in a certain regional labor market need to be understood by investigating its labor market characteristics including labor supply and demand structure, industrial changes, changing unemployment, etc. This is why labor market policy as a regional policy needs to be redefined and it can be much enhanced by geographical investigation on regional labor market.

• Journal of Labour Economics
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• v.14
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• pp.1-24
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• 1991

• Journal of Labour Economics
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• v.17 no.1
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• pp.149-180
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• 1994