• Journal of Families and Better Life
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• v.7 no.1
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• pp.119-138
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• 1989

This study attempts to apply its result to decision whether housewives are in the labor market or not by investigating the level of reservation wage of them and the influencing factors on it. The purpose of this study is to analyse the effects by identifying , on the basis of theoretical models, the factors that influence reservation wage, and to predict future state of female employment. 1) The level of reservation wage of housewives showed significant differences by husband's income, household asset, housewife's education level, housewife's age, number of children division of husband in household labor, and by three marketization of housework. 2) The variables which affected reservation wage of housewife independently had influence on it in the following order: Husband's income, education level, age affect positively reservation wage of housewife, and a negative relation has been found between division of husband, level of commodity substitution and reservation wage of housewife. 3) Husband's income, housewife's education level, housewife's age, division of husband in household labor, level of commodity substitution give direct effects on reservation wage of housewife. Education level, age, number of children and family type influenced reservation wage of housewife through level of commodity substitution indirectly.

• 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.39 no.3
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• pp.1-32
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• 2016

The purpose of this article is to examine the change of employment expectation using the wave 7-11 (2010-2014) of Korea Education and Employment Panel(KEEP). The three main variables are the reservation wage, which has been studied by labor economists for a long time, the convenient working environment factor, the desired job factor. Last two of which are extracted from the 15 survey questions about employment expectation using the factor analysis. Our estimates suggest that male have a higher reservation wage than female while female have a higher level of expectation overall. Women attach more importance to working environment especially. Also, university students have a higher reservation wage and set a higher value on the desired job than employees and job seekers.

• Korean Journal of Labor Studies
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• v.17 no.1
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• pp.71-94
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• 2011

This paper criticizes the arguments for the high and rigid reservation wages as main cause of the youth joblessness. First, using longitudinal aspect of the Korea Labor and Income Panel Study, I found that there exists declining reservation wage for the young who make the transition from unemployed to employment. Second, the average duration of school-to-work transition in Korea is relatively low compared to that of other countries. Moreover the duration between leaving school and staring the first job has not significantly negative effect on adult labor market outcomes, but the quality of first job and unstable job experiences have serious negative effects on working career. These findings show that the high youth joblessness is due to both decent job deficit and labor market segmentation.

• Journal of Labour Economics
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• v.39 no.2
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• pp.53-81
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• 2016

This study analyzes the difference of search efforts and labor market performance between employed searchers and unemployed searchers, using GOMS(Graduates Occupational Mobility Survey) data collected by Korea Employment Information Service. The results show that unemployed searchers concentrated on the job search more actively, and their reservation wage decreased more rapidly than that of employed searchers. Therefore, considering only new jobs, the probability of employment was lower and the wage was higher for employed searchers than for unemployed searchers. However, both the employment probability and the wage were higher for the employed searchers, if analyzing all jobs including existing jobs of employed searchers. The results of this study imply that the employed search may be more effective strategy than the unemployed search.

• Journal of the Korean Home Economics Association
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• v.28 no.2
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• pp.73-89
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• 1990

The aim of the present study is to estimates the economic value of household work done by fulltime home makers, using alternative methods of valuation household work in Pusan Korea. Eight findings, five different methods -Self Estimation by Home Makers, Reservation Wage, Opportunity Cost, Individual function Cost, Replacement Cost(Visiting Housekeeper, Housekeeper, General Managemet, Housekeeper & General Management)- are tried for the estimation of economic value of household work. The results of this study can be outlined as follows : 1) The economic value of household work varies substantially by the methods of estimating. The averages are : 2) The economic value of household work varies with the level of education, ages, the number of children, the stage of FLC in all method of estimation, and the level of income in self estimation by home makers, Reservation wage. Specially, FLC revealed good explanation variable in method of estimation as input household work time. 3) The gap between two-day survey and three-day survey in household work time questionaire didn't so much.

• Journal of Labour Economics
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• v.27 no.1
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• pp.135-164
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• 2004

Using the data from the KLIPS, this study categorizes unemployed women into the four mutually exclusive groups according to the two criteria (whether to have intention to work and the comparison of reservation and market wages), and investigates factors affecting the status of the unemployment of women. Heckman's sample selection regression and multinomial logit are applied for the estimation. The major results are: the proportion of unemployed women who do not have intension to work or whose reservation wages are greater than expected market wages is about 50%, and the proportion of unemployed women who have intension to work or whose reservation wages are less than expected market wages is about 50%; second, human capital, burden of child raising and household production, household economic status, the variables related to work experience are found to be the factors affecting unemployment status of women.

• Korea journal of population studies
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• v.21 no.2
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• pp.58-82
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• 1998

It is usually proposed that job security of old age workers is hampered by the structure of wage increasing with age. This paper sets forth a model to comprehend the characteristic of the old age workers' labor market and policy implications derived from it. In order to stimulate demand for old age workers, policy initiatives should be taken as follows : the wage criteria should be simplified which apply differently from one institution to other; incentives relatively favorable for employing old age workers' in manufacturing sector should be also given to service sectors; employment subsidy or other tax incentives should be given for labor contract after the retirement age; licensing and evaluation system for job ability should be introduced based on occupation & job analysis. To lower the reservation wage of workers, mortgage loan for house and long-term low interest loan for tuition fees should be developed together with stabilization of housing cost. Wedding culture which requires high expense should be amended. Above all, it is necessary to install reasonable social security system. Policy orientation should also pay attention to reduce labor supply of the old aged via aiding old age workers' firm opening and voluntary civil service together with developing various honor programs for members of civil corps.

• Journal of the Korean Home Economics Association
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• v.39 no.3
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• pp.35-45
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• 2001

The purposes of this study are to identify the factors associated with the degree of role conflict and the likelihood of exits of the labor force of working wives and to investigate the relationship between the role conflict and job quitting behavior of working wives. The major results of this study are as follows. First, the ratio of reservation wage relative to wife's earnings, wife's earnings, husband's behavioral support, the presence of child under age of 6, the type of occupation, and job satisfaction are associated with the role conflict of working wives. Second, there is a significant difference in the job quitting behavior of working wives according to the degree of role conflict of working wives. Third, the level of role conflict, educational level, the ratio of resonation wage relative to wife's earnings, husband's behavioral support, the presence of child under age of 6, the type of occupation, and job satisfaction are associated with the likelihood of job quitting of working wives.

• Journal of the Korean Home Economics Association
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• v.31 no.4
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• pp.37-51
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• 1993

The Objects of this study are: 1. To compare the housework time of housewives by region and employment status. 2. To compare the economic value of housework by region and employment status. 3. To evaluate the economic value of housework by each method. The subjects of this study were 815 housewives living in Taegu and Kyungsangpookdo. The statistics used for data analysis were frequency, percentile, T-test, ANOVA and Seheffe test by SPSS PC programs: 1) The average housework time was 7.8hours per day. Full-time housewives spent 8.2hours and employed housewives spent 6.7hours to housework. 2) Partially there were significant difference in economic value of housework by employment status. 3) Estimates of economic value of housework by each method of evaluation are : (unit : won) sample mean method monthly (1) Specialized substitute method 587,080 (2) Overall substitute method 760,640 (3) Opportunity cost method 556,060 (4) Reservation wage method 534,070 (5) Subjective evalution method 644,540