Inter Industry Wage Differentials A Study Of The American And Korean Labor Markets
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A Longitudinal Analysis of Inter-industry Wage Differentials in the Korean Labor Market
Author | : Donghun Cho |
Publisher | : |
Total Pages | : 20 |
Release | : 2007 |
Genre | : Labor market |
ISBN | : 9788973566266 |
Wage Differentials: An International Comparison
Author | : Toshiaki Tachibanaki |
Publisher | : Springer |
Total Pages | : 385 |
Release | : 2016-07-27 |
Genre | : Business & Economics |
ISBN | : 1349262811 |
Wages are a vital economic variable in their influence on employment and unemployment and as the main source of personal income, affecting both living standards and labour incentives. Wage determination is studied here in an international perspective, using a common theoretical framework and statistical method through the individual country chapters to reveal similarities and differences between Japan, South Korea, the United States, Canada, Australia, the United Kingdom, Germany and France.
Differences and Changes in Wage Structures
Author | : Richard B. Freeman |
Publisher | : University of Chicago Press |
Total Pages | : 474 |
Release | : 2007-12-01 |
Genre | : Political Science |
ISBN | : 0226261840 |
During the past two decades, wages of skilled workers in the United States rose while those of unskilled workers fell; less-educated young men in particular have suffered unprecedented losses in real earnings. These twelve original essays explore whether this trend is unique to the United States or is part of a general growth in inequality in advanced countries. Focusing on labor market institutions and the supply and demand forces that affect wages, the papers compare patterns of earnings inequality and pay differentials in the United States, Australia, Korea, Japan, Western Europe, and the changing economies of Eastern Europe. Cross-country studies examine issues such as managerial compensation, gender differences in earnings, and the relationship of pay to regional unemployment. From this rich store of data, the contributors attribute changes in relative wages and unemployment among countries both to differences in labor market institutions and training and education systems, and to long-term shifts in supply and demand for skilled workers. These shifts are driven in part by skill-biased technological change and the growing internationalization of advanced industrial economies.
Inter-industry Wage Differentials
Author | : Per-Anders Edin |
Publisher | : |
Total Pages | : 60 |
Release | : 1989 |
Genre | : Wage differentials |
ISBN | : |
Can Inter-industry Wage Differentials Justify Strategic Trade Policy?
Author | : Lawrence F. Katz |
Publisher | : |
Total Pages | : 72 |
Release | : 1988 |
Genre | : Commercial policy |
ISBN | : |
This paper examines the relationship between labor market imperfections and trade policies. The available evidence suggests that pervasive industry wage differentials of up to 20 percent remain even after controlling for differences in observed measures of workers' skill and the effects of unions. Theoretical analysis indicates that given non-competitive wage differentials of this magnitude policies directed at encouraging employment in high-wage sectors could significantly enhance allocative efficiency. For the United States and other developed countries, such policies are more likely to involve export promotion than import substitution. Increased international trade flows (at least through 1984) have been associated with increased employment in high-wage U.S. manufacturing industries relative to low-wage U.S. manufacturing industries.
An Analysis of Inter-industry Wage Differentials
Author | : Marion Smith Picard |
Publisher | : |
Total Pages | : 220 |
Release | : 1993 |
Genre | : Occupational mobility |
ISBN | : |
Labor Market Duality in Korea
Author | : Johanna Schauer |
Publisher | : International Monetary Fund |
Total Pages | : 36 |
Release | : 2018-06-01 |
Genre | : Business & Economics |
ISBN | : 1484357930 |
Labor market duality is a complex and critical issue for many countries that can lower productivity, contribute to inequality and result in negative externalities. In this paper, I study duality in the Korean labor market and analyze its sources and potential policy options. I find that employment protection legislations and large productivity differentials are the key drivers of Korea’s duality. In addition, applying a general equilibrium search-and-matching model and calibrating it to the Korean economy, I show that well-calibrated flexicurity policies can significantly reduce duality and inequality and raise welfare and productivity. Notably, the introduction of all three pillars—flexiblity, a strong safety net and active labor market policies—is critical for its success. If only one pillar is introduced it can result in negative side-effects and might not reduce duality.