• Title/Summary/Keyword: Employment and Wage

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The Impact of Minimum Wage Policy on Employment in Myanmar

  • KYAW, Min Thu;CHO, Yooncheong
    • The Journal of Industrial Distribution & Business
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    • v.12 no.3
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    • pp.31-41
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    • 2021
  • Purpose: The purpose of this paper is to analyze the impact of the minimum wage policy and the employment labor force in Myanmar by exploring firms' actions such as installing supplementary machines to substitute for labor resources and by addressing gender issues in employment. Research design, data, and methodology: This paper applies a fixed-effect estimation method by using the World Bank's enterprise panel data set surveyed in Myanmar. Results: Findings suggest that the minimum wage reduces both full-time and part-time employment, while the first minimum wage policy increases overall female employment. The adverse impacts are more pronounced for female employees of Joint Venture enterprises and enterprises located in the less-populated regions. Investment in capital such as equipment and machinery increase to substitute for labor after the minimum wage policy implementation; as a result, full-time employment slightly decreases. Conclusions: Appropriate measures concerning the minimum wage policy must be prepared by the government and institutions related to the labor union to serve the well-being of employees. Government of Myanmar should fix the minimum wage in a reasonable period based on the fiscal year for both employers and employees to prevent possible issues and losses resulting from the minimum wage being set.

Employment and Wage Level of University Graduates in the Field of Clothing and Fashion

  • Lee, MiYoung;Kim, Eun Young
    • Journal of Fashion Business
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    • v.19 no.3
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    • pp.73-87
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    • 2015
  • The purpose of this study is 1) to compare the employment status and wage level of "Clothing and Fashion" major (CF major) graduates with those from other majors and 2) to examine factors affecting the employment status and wage level of CF major university graduates. The data were pooled from the 2009-2012 Graduates Occupational Mobility Survey Data, conducted by Korea Employment Information Service. First, when graduates of CF major were compared with other majors in the same academic area-natural science and arts-, the rate of employment was higher for CF majors than that of other majors; on the other hand, there is no difference in the wage levels between those with graduates in CF majors and those with other majors. Second, we examined factors affecting CF major graduates' employment and wage level based on graduates' individual factors, university factor, and job preparation factors. Employment status of graduates in CF major was predicted by respondent's gender and university type, and work experience. The wage level of CF major graduates was significantly predicted by individual factors (e.g., gender and age, university factors (e.g., university type, university program, location), and job preparation factors (e.g., certificates, overseas experience of foreign language training, English test scores). The results of this study would provide a guide to direct university educational program in order to assess the current capabilities in the field of clothing and fashion.

The Difference of Health According to employment Status and Income Level of Wage-Earners (임금근로자의 고용형태와 소득수준에 따른 건강차이)

  • Woo, Hye-Kyung;Moon, Ok-Ryun;Park, Jong-Hyock
    • Health Policy and Management
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    • v.19 no.2
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    • pp.85-110
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    • 2009
  • The aim of this study was to examine whether health status is different according to employment status and income level in wage-earners. We analyzed wage-earners of 2199 men and 1194 women aged 30-64 years, using data from the 2006 Korean Labor and Income Panel Study(KLIPS). The difference of health status according to employment status and income level was compared with the multiple logistic regression and the standardized concentration index of ill-health. The risk of ill-health was high when waged-earners had low income. The same is true for poor employment status when their employment status was unstable as in manual laborers, irregular workers, temporary, daily workers or part-time workers. furthermore, the wage-earners with lower income and a relatively disadvantageous employment status showed the lowest health status compared to other groups. Ill-health was relatively more concentrated in lower income group and poor employment status. This study identified the existence of health inequality among various employment status of wage-earners. It is suggested that policies that deal with the inequality in social class may have an important impact on the health of the population.

Nominal Wage Rigidity and Employment Volatility (명목임금의 경직성과 고용변동성)

  • Hwang, Sanghyun;Lee, Jin-Young
    • Asia-Pacific Journal of Business
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    • v.10 no.4
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    • pp.137-151
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    • 2019
  • Using Korean Labor and Income Panel Study data, this paper estimates nominal wage rigidity in Korea by industry from 2005 to 2017 and evaluates the level of inefficiency of Korean labor market. And, after estimating employment volatility by industry using the Labor Force Survey at Establishments data for Korea, we combine the nominal wage rigidity and the employment volatility estimates and analyze the effect of nominal wage rigidity on employment volatility in Korea from 2011 to 2017. If the level of wage rigidity is high, it may be hard for the labor market to be in the equilibrium, and therefore, the market may have inefficiency. We find that the inefficiency of the labor market in Korea have increased from 2005 to 2017 and the industry of accommodation and food service activities has the highest level of inefficiency over the period. We also find that one-percent-point increase in wage rigidity increases employment volatility by 2.3-2.9 percent and the positive effect is bigger for workers with part-time and temporary jobs. The result implies that firms may adjust their labor costs by changing the number of casual workers, rather than permanent workers, when the labor market suffers from a high level of wage rigidity.

The Effect of the Minimum Wage on Employment in Korea (최저임금이 고용에 미치는 영향)

  • Lee, Jungmin;Hwang, Seungjin
    • Journal of Labour Economics
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    • v.39 no.2
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    • pp.1-34
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    • 2016
  • We estimate the effect of an increase in the minimum wage on employment. In Korea, there is no exogenous variation in the minimum wage across regions or industries. One single minimum wage is applied to every worker in the whole country. In this paper, we exploit arguably exogenous variation in the proportion of workers affected by the minimum wage across worker groups defined by age, sex, education, tenure and establishment size. Using the data from the Survey on Labor Conditions by Type of Employment (SLCTE) from 2006 to 2014, we find that a 1% increase in the minimum wage decreases the full-time equivalent employment by about 0.14%. The effect is heterogeneous across workers; we find the effect is more adverse for female workers, low-educated, younger and older workers, workers with a shorter tenure, and workers in small- and medium-sized establishments.

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Problems and Improvements in Research on the Employment Effect of Minimum Wage (최저임금의 고용효과에 관한 연구의 문제점과 개선방향)

  • Park, Cheol-Ho;Kang, Sang-Goo
    • Journal of Digital Convergence
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    • v.16 no.10
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    • pp.145-153
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    • 2018
  • Recently the Korean society has suffered severe conflicts over the rate of increase in the minimum wage, while academics have failed to provide appropriate standards through reliable research. Recent foreign studies using natural experimentation or meta-regression analysis show that the increase in minimum wage has little effect on employment. Domestic studies are not yet numerous in number, and they present different conclusions on employment effects depending on the data used, sample period, and research model. To properly assess the employment effects of the minimum wage, future studies should minimize measurement errors in minimum wage dataset, and appropriately consider the endogenous change of minimum wage, economic situation and trends of employment changes. It is also necessary to utilize natural experiment methods before and after the increase of the minimum wage.

Minimum Wage and Self-employment in Korea (한국의 최저임금과 자영업)

  • Bai, Jin Han;Kim, Woo-Yung
    • Journal of Labour Economics
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    • v.44 no.1
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    • pp.31-72
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    • 2021
  • This study uses the 12-21st waves of KLIPS to estimate the effect of the increase in the minimum wage on the individual's labor market transition through a multinomial logit. In particular, we examine whether there was an additional effect of the rapid increase in the minimum wage in 2018. The main results of this study are as follows. First, the increase in the minimum wage in Korea is found to have increased the probability of becoming unemployed for both wage workers and self-employed, but there is no additional impact found from the 2018 minimum wage increase. Second, the increase in the minimum wage is found to increase the likelihood of the self-employed entering into wage workers, especially temporary and daily workers. Third, we have found that the increase in the minimum wage in 2018 adversely affected self-employed people with high school education, and significantly lowered young wage workers entering into self-employed. Our results suggest that the recent increase in the minimum wage may be responsible for declining self-employment rate in Korea, and may have a negative effect on the quality of employment because the increase in minimum wage can lead to an increase in temporary and daily wage workers.

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The Effect of the Minimum Wage Increment on Employment and Work-hour of New Workers in Korea (최저임금 인상이 신규근로자 고용과 근로시간에 미치는 영향)

  • Lee, Kyungho;Kim, Ji Hwan;Choi, Jihoon
    • Journal of Labour Economics
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    • v.42 no.2
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    • pp.63-99
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    • 2019
  • This paper estimates the effect of the minimum wage increment on employment and work-hour of new workers in Korea using the data from the Survey on Labor Conditions by Type of Employment (SLCTE) from 2008 to 2017. We construct worker groups by sex, age, and education to mitigate endogeneity problem in estimating the effect of minimum wage increment. The result shows that the minimum wage increment leads to decrease of new employment and increase of the ratio of new workers who work less than 15 hours per week. Especially, women, the elderly, the youth, and under high school education level group are sensitive to the minimum wage increment.

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IMF 구제금융 전후의 최저임금 인상과 고용변화에 관한 실증연구 -미국과 한국의 패스트푸드 산업의 사례분석-

  • 김종권
    • Proceedings of the Safety Management and Science Conference
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    • 2004.05a
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    • pp.117-127
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    • 2004
  • In U.S.A., minimum wage of New Jersey in April 1, 1992 rose from $4.25 to $5.05. At this assession, there was survey by 410 numbers related back and pro minimum wage in New Jersey and eastern Pennsylvania.. At stores of New Jersey and eastern Pennsylvania, comparison of the increase of employment at constant minimum wag is with estimative effect of increase of minimum wage. Through comparison of stores of low wage and high wage above $5, employment volatility in New Jersey was studied. In U.S.A., increase of minimum wage was not caused to reduce to employment. Contrary to this, result of Korea was not consisted after timing of IMF bailout of 1997. It is because drop of revenue was caused to decrease employees of part-time and full-time job at the viewpoint of cost minimization.

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Effects of Pre-Employment Efforts of the College Graduate Youth in Korea (대졸 청년층 취업준비노력의 실태와 성과)

  • Park, Sung-Jae;Ban, Jung-Ho
    • Korea journal of population studies
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    • v.29 no.3
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    • pp.29-50
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    • 2006
  • This study examines the effects of pre-employment efforts of the youth on their transition to the labor market. Labor market performance is accessed by the transitory period, the employment at workplace with more than 300 employees, and the wage level. Based on the effects of employment efforts for the first transitory period, job experience during school and preparatory period for employment would raise the likelihood of employment, but the school credit, grade in English, and the frequency of interviews, on the contrary, failed to reduce the transitory period. Employment effect varied according to educational background. In case of college graduates, vocational education and job experience during school were statistically significant variables leading them to decent jobs. On the other hand, in case of university graduates, job experience and language skills were proven to be important factors. Lastly, for the wage effect, in case of college graduates, vocational training, job experience during school, and English ability were proven to increase the wage level. However, vocational training after graduation and job experience during school decreased the wage level, but grade in English and pre-employment efforts during school increased the possibility of getting a decent, highly paid job for university graduates.