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Shifts in the Employment Structure in Korea 韩国就业结构的变化
Korean Development Economics Association Pub Date : 2023-06-30 DOI: 10.20464/kdea.2023.29.2.1
Minki Hong
{"title":"Shifts in the Employment Structure in Korea","authors":"Minki Hong","doi":"10.20464/kdea.2023.29.2.1","DOIUrl":"https://doi.org/10.20464/kdea.2023.29.2.1","url":null,"abstract":"This study analyzes changes in the employment structure from 2000 to 2021 according to the job-based methodology. The results show that Employment in higher-paid jobs increased between 2000 and 2009. Employment polarization, on the other hand, emerged between 2009 and 2019. This study quantitatively identifies the labor demand and supply shocks using sign restrictions. The results show that the demand for high-income ICT and science and technology experts has increased significantly since 2000 suggesting that technology changes have had a significant impact. Deindustrialization, trade growth, and population aging had a significant impact on employment changes for low- and middle-income jobs. As the population ages rapidly in the 2010s, employment in health and social work services is increasing rapidly. In addition, changes in government policies related to non-regular workers and the expansion of the welfare system affected changes in employment type.","PeriodicalId":314783,"journal":{"name":"Korean Development Economics Association","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117275147","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Evaluation of Korea’s Material, Parts, and Equipment Industry Support Policy and Its Implications 韩国材料、零部件和装备产业扶持政策的评价及其启示
Korean Development Economics Association Pub Date : 2023-06-30 DOI: 10.20464/kdea.2023.29.2.2
Sehoon Kwon, Sungho Choi, S. Hahn
{"title":"Evaluation of Korea’s Material, Parts, and Equipment Industry Support Policy and Its Implications","authors":"Sehoon Kwon, Sungho Choi, S. Hahn","doi":"10.20464/kdea.2023.29.2.2","DOIUrl":"https://doi.org/10.20464/kdea.2023.29.2.2","url":null,"abstract":"This paper provides an overview of Korea's competitiveness-strengthening policy for materials, parts, and equipment (PME policy), which was implemented in response to Japan's export regulations on strategic materials in 2019. The study conducts empirical analysis and case studies to evaluate the policy's effects and derive policy implications. Specifically, panel data from 2,165 companies, including policy beneficiaries and non-beneficiaries, are collected for the period from 2017 to 2021. Using a two-way fixed effects (TWFE) model, the analysis reveals positive policy outcomes in terms of profitability, employment, and patent registration for the policy beneficiary companies. The paper proposes policy improvement measures, such as upgrading through the restructuring of the PME policy, expansion of PME technical workforce, and tailored support based on company characteristics, including R&D support. Furthermore, the study discusses the establishment of an effective data management strategy and a continuous policy performance evaluation system. However, due to data limitations, only four specific support policies were analyzed, and the small number of companies studied is a limitation of this research.","PeriodicalId":314783,"journal":{"name":"Korean Development Economics Association","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134598549","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Analysis of the Economic Growth Effects by Credit Labor Business Regulations Focusing on OECD Countries 信用劳动企业规制的经济增长效应分析——以经合组织国家为例
Korean Development Economics Association Pub Date : 2023-03-30 DOI: 10.20464/kdea.2023.29.1.2
Kyuseok Lee, Dayeon Kang
{"title":"Analysis of the Economic Growth Effects by Credit Labor Business Regulations Focusing on OECD Countries","authors":"Kyuseok Lee, Dayeon Kang","doi":"10.20464/kdea.2023.29.1.2","DOIUrl":"https://doi.org/10.20464/kdea.2023.29.1.2","url":null,"abstract":"This study tries to estimate the effects of economic growth and regulations through the panel model by using a yearly panel data set covering 38 OECD countries. In this study, each country's regulations were subdivided into credit market regulations, labor market regulations, and business regulations, and the impact of each regulation on economic growth was empirically analyzed. This paper: ( ) finds the business deregulation has a significant effect on economic growth. Among the three regulations, business regulation was found to have a significant effect on economic growth; ( ) finds the inflation has a negative effect on economic growth, and the high inflation in the countries indicates that the economy is unstable, then it is negative for economic growth; ( ) finds the government expand increases, it has a negative impact on the next year's economic growth, so the expansion of government fiscal spending should clarify the limitations of fiscal spending as it increases the tax burden and lowers savings capacity for the people; ( ) finds the increase in per capita GDP has a negative effect on economic growth, which is prominent in high-income countries such as OECD countries, and it has a limited economic growth rate than low-income countries. As the economic paradigm shifts rapidly, such as digital transformation, it suggests that deregulation of companies is required for sustainable economic growth.","PeriodicalId":314783,"journal":{"name":"Korean Development Economics Association","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121280498","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Exploratory analysis on innovation pattern in service sector in Korea 韩国服务业创新模式的探索性分析
Korean Development Economics Association Pub Date : 2023-03-30 DOI: 10.20464/kdea.2023.29.1.1
Kyoo-ho Park
{"title":"Exploratory analysis on innovation pattern in service sector in Korea","authors":"Kyoo-ho Park","doi":"10.20464/kdea.2023.29.1.1","DOIUrl":"https://doi.org/10.20464/kdea.2023.29.1.1","url":null,"abstract":"Given the increasing activities of service innovation and its importance, this paper tries to analyze the innovation patterns in the Korean service sector, using firm level data from ‘Report on 2018 Korean Innovation Survey: Service Sector’. Using the statistical techniques of factor analysis and cluster analysis, five innovation patterns can be identified. The resulting distribution in the industries of each innovation pattern and comparison with other countries’ work make it possible to confirm not only the general patterns across countries but also identify the distinctiveness of the Korean service sector.","PeriodicalId":314783,"journal":{"name":"Korean Development Economics Association","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127902965","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Trends in Wage and Non-wage Discrimination between Regular and Non-regular Workers: 2004-2016 2004-2016年正规工与非正规工工资与非工资歧视趋势
Korean Development Economics Association Pub Date : 2023-03-30 DOI: 10.20464/kdea.2023.29.1.3
{"title":"Trends in Wage and Non-wage Discrimination between Regular and Non-regular Workers: 2004-2016","authors":"","doi":"10.20464/kdea.2023.29.1.3","DOIUrl":"https://doi.org/10.20464/kdea.2023.29.1.3","url":null,"abstract":"This study estimates the discrimination against non-regualr workers in wages and non-wages for 13 years from 2004 to 2016. The non-wages means benefit fringes which consist of bonuses, severance pay, overtime pay, and paid leave. Both wages and non-wages differentials could be decomposed by the Oaxaca-Blinder decomposition suggested by Fortin(2008), which would reduce the bias of the explanatory part estimate. The first result is that the wage discrimination had widened recently since the mid-2000s. However, the discrimination estimate was found to be smaller than the previous estimation results. Second, benefit fringes discrimination is very large. The discrimination share is also large around 40-60%. Both are increasing over time. Third, as of 2009, the trend of such discrimination gap and discrimination share has changed discontinuously. In both wages and non-wages, the discrimination against non-regular workers jumped significantly around 2009, and thereafter it does not return to the level before 2009.","PeriodicalId":314783,"journal":{"name":"Korean Development Economics Association","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133410650","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Microeconomic Analysis and Policy Direction on the Extremely Low Fertility in Korea 韩国极低生育率的微观经济分析与政策导向
Korean Development Economics Association Pub Date : 2022-12-31 DOI: 10.20464/kdea.2022.28.4.2
Hisam Kim
{"title":"Microeconomic Analysis and Policy Direction on the Extremely Low Fertility in Korea","authors":"Hisam Kim","doi":"10.20464/kdea.2022.28.4.2","DOIUrl":"https://doi.org/10.20464/kdea.2022.28.4.2","url":null,"abstract":"Korea’s extremely low fertility rate can be viewed as a result of aggregation of rational choices regarding fertility at the individual level. The economic motive for childbirth has largely declined due to the increase in childrearing costs and the weakening of private old-age support norms. The social motive for marriage and childbirth in accordance with the prevailing norms of society is also weakening along with the spread of non-marriage and non-childbirth due to changes in values. Instead, the natural motive for forming one’s own family through marriage and childbirth exists to a considerable extent in Korean young people, but it is not fully realized due to the high cost structure of childbirth and child rearing. Therefore, it is needed to focus on supporting the realization of natural motives for childbirth, and promote the formation of new families. In addition, since community-based bridging social capital shows a positive correlation with marriage intention and the number of children desired, measures to support regional community culture and revitalization of caring communities may be effective. Meanwhile, it is also necessary to reduce the opportunity cost of childbirth and the burden of high-cost, high-intensity parenting, and promote gender equality and efficient division of labor at work and at home.","PeriodicalId":314783,"journal":{"name":"Korean Development Economics Association","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127870893","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Inclusive Empirical Studies on Endogenous Monetary Theory in South Korea(2002-2019) 韩国内生货币理论的包容性实证研究(2002-2019)
Korean Development Economics Association Pub Date : 2022-12-31 DOI: 10.20464/kdea.2022.28.4.1
Yongwan Won, Byoung-kil Min
{"title":"Inclusive Empirical Studies on Endogenous Monetary Theory in South Korea(2002-2019)","authors":"Yongwan Won, Byoung-kil Min","doi":"10.20464/kdea.2022.28.4.1","DOIUrl":"https://doi.org/10.20464/kdea.2022.28.4.1","url":null,"abstract":"Money endogeneity and interest rate exogeneity possess two properties of endogenous monetary theory. In particular, Korean economy has traditionally high ratio of exports and expects to increase government spending due to the increase of welfare cost by aging. This paper verifies them by using benchmark rate, interest rate and the balance-sheet of depository financial institution. The empirical result shows that there is money endogeneity for overall sectors. Interest rate exogeneity is also identified by the empirical analysis. Especially, money endogeneity appears to more stronger trend after the global financial crisis.","PeriodicalId":314783,"journal":{"name":"Korean Development Economics Association","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129251159","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Familism and Neighborhood preferences 家庭主义和邻里偏好
Korean Development Economics Association Pub Date : 2022-12-31 DOI: 10.20464/kdea.2022.28.4.3
Seol an Park
{"title":"Familism and Neighborhood preferences","authors":"Seol an Park","doi":"10.20464/kdea.2022.28.4.3","DOIUrl":"https://doi.org/10.20464/kdea.2022.28.4.3","url":null,"abstract":"This study using World Value Survey data shows that the stronger one’s familism, the more likely one is to dislike a certain group of people. In their neighborhood preferences, those who regard family more important in their life tend to less favor people of different color, immigrants/foreign workers, homosexuals/the AIDS-infected, or people of different religion. These results show that strong familism could undermine the mutual trust of society as a whole.","PeriodicalId":314783,"journal":{"name":"Korean Development Economics Association","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121981644","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Monopsony in the Korea Labor Market 韩国劳动市场的垄断现象
Korean Development Economics Association Pub Date : 2022-09-30 DOI: 10.20464/kdea.2022.28.3.1
Minki Hong
{"title":"Monopsony in the Korea Labor Market","authors":"Minki Hong","doi":"10.20464/kdea.2022.28.3.1","DOIUrl":"https://doi.org/10.20464/kdea.2022.28.3.1","url":null,"abstract":"This study measures the markdown, an indicator of monopsony power, in the labor market from 2000 to 2019 using Korean firm data, and examines the relationship with the labor share. Under the cost minimization, the expressions for markdown and mark-up were derived, and markdown was identified by distinguishing it from markup. \u0000Results show that the markdown was 2.71 on average in the 2000s and 3.56 in the 2010s. Firm's monopsony power in the labor market is very large. Labor markdown has a strong correlation with corporate sales. In the 2010s, the monopsony powers in labor market by small or medium firms were on the decline, while the monopoly powers by large firms remained high. According to the estimation results, monopoly and monopsony power negatively affect the labor share.","PeriodicalId":314783,"journal":{"name":"Korean Development Economics Association","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128327966","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A Study on the Improvement of the Preemptive Funding System for Financial Stability 金融稳定优先融资制度的完善研究
Korean Development Economics Association Pub Date : 2022-09-30 DOI: 10.20464/kdea.2022.28.3.2
Sunyoung Park, Keonbeom Lee
{"title":"A Study on the Improvement of the Preemptive Funding System for Financial Stability","authors":"Sunyoung Park, Keonbeom Lee","doi":"10.20464/kdea.2022.28.3.2","DOIUrl":"https://doi.org/10.20464/kdea.2022.28.3.2","url":null,"abstract":"In the event of an exceptional financial crisis equivalent to system risk, such as the 2008 financial crisis or the 2020 COVID-19 crisis, huge economic costs will be incurred. Therefore, it is necessary to introduce a preemptive and preventive funding system aimed at preventing crisis transmission and preventing insolvency of financial institutions in advance in the event of a financial crisis. In this study, it is derived through comparative studies with international preemptive funding systems that it is necessary to introduce a preemptive funding system, and then a detailed introduction plan of a financial stability account is reviewed and additional considerations are presented.","PeriodicalId":314783,"journal":{"name":"Korean Development Economics Association","volume":"2009 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125642456","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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