• 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.

• 한국사회정책
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• v.23 no.3
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• pp.17-47
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• 2016

This paper aims to analysis working-time of Korea focusing on "the difference and the distribution" by a stratum. Classifying working-time into four categories including marginal part-time, part-time work, standard-time work and long-time working, it compares the relative distribution by income quintile. The outcome is as following : 20% of low-ranking income quintile are (marginal) part-time working, 60% from income quintile 2 to 4 are in long-time working and 20% of top-ranking income quintile are in the standard-time working in overall. Working-time classes can be divided up into three: short time-low income of type 1, long time-medium income of type 2 and standard time-high income of type 3. Analysing working time type, the low wage-short time, medium wage-long time and high wage-standard time by the wage per month and low wage-very long time, medium wage-long time and high wage-standard time by the wage per hours are confirmed. Also, stratification of working-time has been intensified in terms of age, jobs and work status. Policy implication from this study is that the increase of minimum wage to the lowest income class and creation of employment by the reduction of working-time to the medium income class could be effective policies.

• Journal of Families and Better Life
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• v.22 no.1
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• pp.169-179
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• 2004

This study investigated female-head's employment and household economic status of the single-mother households compared to those in the two-parent households using the data from the Korean Labor and Income Panel Study. Major findings are: first, female-heads showed lower educational attainment, lower labor force participation rate, lower occupational status, and lower wage rates than male-heads; second, the level of household income was as 1.3 times as the Minimum Living Cost and the level of household expenditure was close to the Minimum Living Cost; third, one-thirds of single-mother households were in poverty. Based on the results, the implications to public policy were suggested.

• Korean Security Journal
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• no.41
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• pp.7-36
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• 2014

Recently the Korean government announced that minimum wage policy would be applied even to apartment security staffs by 2015 who had been waived from the policy enforcement for their unique work conditions. This caused apartment management to introduce unmanned security system instead of employing security staffs because of fearing possible hike of management fees. People recklessly tend to believe unmaned system is cheaper than maned system if minimum wage guideline is applied. This study examines the economic feasibility of two different apartment security systems by utilizing cost-benefit analysis: maned and unmaned security systems. The authors estimate the costs and the benefits of each security system for 5 years(2014-2018) with application of social discount rate(5.5%). Thirty six apartment complexes at 8 different areas(meons and dongs) in Asan, Chungcheongnam-do province were surveyed. And to attain the exact costs of unmaned system establishment and operation, the authors interviewed persons working for the unmaned security corporations. The benefit-cost(B/C) ratio for unmanned security system is 1.66% at minimum and 1.30% at maximum. while B/C ratio for manned security system is 1.42% and 1.66% respectively. This results mean that people's belief is not correct, that is, transferring from maned system to unmaned is not always economically efficient. Benefits of maned security system is more diverse than unmaned system. The former provides living conveniences(parking helps and keeping parcels) and social benefits(employing aged worker and giving them opportunities to enjoy happier lives) as well as security benefits like crime prevention. The latter provides security benefits only, but that effect is also doubtable. Taking into account these diverse benefits maned system provides, the B/C ratio of maned system is equitable or higher than unmaned system.

• The Journal of the Korea Contents Association
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• v.15 no.12
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• pp.185-192
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• 2015

This study analyzed the spatial interrelation between living wages and economic variables and how they operate based on systems thinking theory to understand what value living wages have as policy instruments and why they are necessary. Results from this study can be summed as follows. First, the relationship between living wages and economic variables shows close interaction at a considerable level. In particular, mutual feedback which connects to laborers' standards of living, consumption, business, and economy was operating closely. Second, largely three positive (+) feedback loops were operating in the feedback structure of living wages and economic variables. This can be interpreted to mean that positive economic variables which are associated with living wages have the possibility of growth. Also, it can mean that the minimum wage system did not fully fulfill its role. Through these study results, it can be learned that living wages have sufficient value as a policy means and that it is advisable to allow living wages to exceed simple application levels in the public sector to expand into the private sector, to bring positive change to the economic system.

• Journal of Digital Convergence
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• v.19 no.10
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• pp.339-348
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• 2021

This paper aims to analyze the production efficiency in Korea's ten service sectors using DEA and its determinants utilizing a truncated-Tobit regression model and a censored-Tobit regression model in 2010-2019. This paper found: First, the Korean service sector's production efficiency in general has been significantly low and polarized. Especially, the inefficiency resulted from the scale inefficiency in the 'sewerage waste management industry.' Second, in the determinants analysis, the results show the positive effect of the investment and R&D expenses on technical efficiency, while FDI and lobbying expenses illustrate the negative impact. Moreover, it seems that the larger the industry, the higher the efficiency. Thus, the future Korean government's economic policy for the service sectors requires a mixed and integrated policy of the macroeconomic aspect such as active investment and R&D activities with microeconomic aspect including a convergence of FDI and human capital.

• KDI Journal of Economic Policy
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• v.32 no.2
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• pp.27-53
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• 2010

This paper examines whether and how much vocational training raises an individual's earnings in Korea, using the Economically Active Population Survey. To overcome endogeneity of training, we apply fixed-effects and propensity-score matching (PSM) methods. Fixed-effects (PSM) results suggest that work-related training received in the previous one year increases a worker's monthly earnings by 2.6 to 4.7 (7.5 to 9.8) percent. Taken altogether, work-related training enhances a worker's earnings by a minimum of 2.6 and a maximum of 9.8 percent in Korea.

• The Southeast Asian review
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• v.28 no.2
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• pp.85-117
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• 2018

This paper discusses the development of labor law in Indonesia after the 1998 reformasi. The end of the authoritarian regime and the subsequent introduction of democratic institutions in the country have opened up new spaces to restructure labor relations. The government promulgated a set of new labor laws that has brought tremendous changes to the employment system and the system of labor disputes settlement. In the face of the challenges these changes have created, labor unions are using alternative means to defend their members' interests. This paper shows how labor law reform has set a new social contract between the government, employer associations, and the labor movement.

• Korean Journal of Labor Studies
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• v.19 no.1
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• pp.213-260
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• 2013

This study pays attention to the restricted use and the possibility of standard position of contingent workers in Brazil. The labor market of Brazil has been developed by formal and informal labor sector, and informal sector includes various precarious workers as well as contingent workers. According to Brazilian Statistics Department, not contingent workers but informal labor focused in this paper have been slowly decreased since year 2000. In this context, this study investigated on the reasons of decreasing contingent employment in Brazil. The results demonstrate that decreased informal employment and instead increased standard workers could not be interpreted by recent the Braizil's economic boom. Along with literature review, the author conducted the case study regarding employment of contingent workers at six large foreign companies in Sao Paulo. The results of this show that the use of contingent employment was prohibited in regular daily works by the labor law and thus firms employed contingent workers in only temporary positions. Further, firms often promise standard positions for contingent workers when temporary employment contract was terminated since there is little or no exist of the differences of wage between standard and contingent worker in terms of 'same work same wage' and 'minimum wage'. In here, labor unions play a key role in employment change from contingent position to standard job. Consequently, decreasing of contingent workers and stepping stone to regular jobs seems to be triggered by both legal regulation on contingent employment and strong unions. This institutional perspective may extend the theoretical view on the use of contingent workers, and the author discuss that Brazil's case could provide practical implications to Korean labor policy.

• 산업혁신연구
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• v.34 no.2
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• pp.55-89
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• 2018

This study analyzed the determinants of employment of regular workers by firm size by merging statistical office survey(2006~2015), The results are as follows. First, as a result of the panel regression analysis, the labor income distribution, operating profit, sales, and R & D variables significantly increase employment, while the outsourcing cost, wage, capital intensity, and temporary employment decrease. However, wage variables of firms with minimum wage did not have a significant effect. Second, as a result of estimating the determinants of employment for regular workers by firm size, the variables of labor income distribution as a key variable had a significant positive impact only on SMEs, and the outsourcing cost ratio had a significant negative impact on both SMEs and large corporations. Third, as a result of estimating employment decision factors of SMEs and large enterprises by industry classification, both labor share(+) and outsourcing expense(-) are significant only in manufacturing industry, The higher the distribution ratio, the higher the employment rate, and the higher the cost of outsourcing, the lower the employment of regular workers. Employment impacts were greater for both SMEs. Therefore, it is necessary to strengthen policies on labor income distribution, operating profit, sales, R & D investment, etc., which are analyzed as having a positive influence in order to constantly employ regular job positions at the enterprise level. As the impact on employment varies depending on the size of industry and type of industry, it is necessary to adopt a job policy for each characteristic.