{"title":"Effect of Korean trade union on wage discrimination between regular and irregular workers","authors":"Myounghwan Kim, Giseung Kim","doi":"10.1111/asej.12287","DOIUrl":"10.1111/asej.12287","url":null,"abstract":"<p>Whether the dual labor market structure implied by employment type and unionization causes wage discrimination is an intriguing and relevant policy question in the context of South Korea. This study examines the effect of trade unions on wage discrimination against irregular workers by extracting and comparing the ratios of the discriminatory wage gap by employment type between unionized and non-unionized workplaces. As per the analysis, all generalized decomposition frameworks show that the presence of trade unions expands discrimination regardless of the employment type. In addition, the effects of unionization on the degree of discrimination differ by factors characterized by the dual labor market. The effects are statistically significantly greater for women, youth, service industries, and white-collar jobs.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"37 1","pages":"3-24"},"PeriodicalIF":1.3,"publicationDate":"2023-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45752967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"2023 EAEA CONFERENCE in Seoul, Korea CALL FOR PAPERS AND PRELIMINARY INFORMATION","authors":"","doi":"10.1111/asej.12286","DOIUrl":"10.1111/asej.12286","url":null,"abstract":"","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"36 4","pages":"479-481"},"PeriodicalIF":1.3,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48964393","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Impact of outward foreign direct investment on employment volatility: Evidence from China","authors":"Yuting Cen, Nannan Dong","doi":"10.1111/asej.12283","DOIUrl":"10.1111/asej.12283","url":null,"abstract":"<p>Does outward foreign direct investment (OFDI) help stabilize employment in the home country? This paper studies the relationship between the volatility of employment growth and the OFDI of a firm using matched data of Chinese firms from 2000 to 2019. The empirical analysis shows that employment in OFDI firms is less volatile than that in non-OFDI firms. For firms in the eastern coastal areas of China, OFDI has a more obvious effect in restraining employment volatility. OFDI is also conducive to reducing employment volatility for firms that conduct OFDI in Asian, European, and American countries. Firms in the service sector conducting OFDI see a greater reduction in employment volatility. In addition, OFDI affects employment volatility mainly through the channels of technological innovation and production transfers. This study recommends that the government enact reforms in the domestic market to encourage more firms in China to invest.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"36 4","pages":"385-410"},"PeriodicalIF":1.3,"publicationDate":"2022-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43918003","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Aging and labor share of income in Korea","authors":"Donghyun Park, Kwanho Shin","doi":"10.1111/asej.12285","DOIUrl":"10.1111/asej.12285","url":null,"abstract":"<p>A growing body of evidence points to a decline in the labor share of income. A sizable empirical literature delves into the relationship between technological progress, globalization, and market concentration and labor's declining income share, which can exacerbate income inequality. Population aging has often been put forth as a factor that worsens income inequality. However, few studies have empirically examined the nexus between aging and the labor share, a potentially significant driver of inequality. In this study, we use industry-level data to investigate the nexus in Korea, a rapidly aging country where inequality has emerged as a big social and economic issue. We find a positive and significant association between aging and labor share. Hence, at least in Korea, we do not find that aging exacerbates income inequality by reducing labor's income share. In addition, our evidence suggests that labor share has a negative link with both information and communication technology capital and robots.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"36 4","pages":"432-457"},"PeriodicalIF":1.3,"publicationDate":"2022-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43605102","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"What causes house prices to fluctuate? Evidence from South Korea","authors":"Jinwoong Lee, Jihee Ann, Cheolbeom Park","doi":"10.1111/asej.12282","DOIUrl":"10.1111/asej.12282","url":null,"abstract":"<p>In this study, we build a structural vector autoregressive model of the housing market with supply and demand shocks to determine the main causes of house price movements in South Korea. We include housing permits, basic housing demand, and the growth rates of real housing prices in the model. Changes in house prices are decomposed into three structural components: housing supply shocks, shocks to basic housing demand, and shocks to housing market-specific demand. We find that the main driver of the movements in house prices is housing market-specific demand shocks, and these are associated with beliefs regarding future house prices and the real estate market, as measured by the Consumer Sentiment Indices for the housing market, rather than credit conditions or financial variables such as interest rates or stock returns.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"36 4","pages":"365-384"},"PeriodicalIF":1.3,"publicationDate":"2022-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45362838","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Impacts of relatively rational and irrational investor sentiment on realized volatility","authors":"Tseng-Chan Tseng, Hung-Cheng Lai, Jih-Kuang Chen","doi":"10.1111/asej.12284","DOIUrl":"10.1111/asej.12284","url":null,"abstract":"<p>We adopt intraday data in this study to facilitate an exploration of the influences of relatively rational and irrational investor sentiment on volatility within the Taiwan stock markets. Following the decomposition of daily trading volume within the Taiwan Stock Exchange Capitalization Weighted Stock Index (TWSE) into two subsets, comprising the trading volume of institutional investors and individual investors, we go on to investigate the influence of each subset on realized volatility. We reveal that the relatively rational sentiment of institutional investors plays a stabilizing role in future volatility, whereas the relatively irrational sentiment of individual investors tends to exacerbate such volatility. Therefore, we suggest that our modified model, which takes into account the relatively rational and irrational sentiment of investors, is capable of more accurately predicting volatility than the benchmark model.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"36 4","pages":"458-478"},"PeriodicalIF":1.3,"publicationDate":"2022-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49583147","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The impact of family size on child investment in Thailand: Revisiting with an alternative approach","authors":"Aeggarchat Sirisankanan","doi":"10.1111/asej.12281","DOIUrl":"10.1111/asej.12281","url":null,"abstract":"<p>Most economics research have concentrated on testing the quality–quantity (QQ) model through the relationship between family size and children's schooling. Much less effort has been given to comparing the child quality and child quantity income elasticities. Using the Thai household socioeconomic panel surveys, this paper examines the trade-off between the quality and quantity of children by comparing the child quality and child quantity income elasticities. According to the theoretical prediction, the results showed that quality income elasticity was evidently higher than quantity income elasticity. Moreover, quality income elasticity was higher than quantity income elasticity even if permanent income was also controlled.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"36 4","pages":"411-431"},"PeriodicalIF":1.3,"publicationDate":"2022-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48304955","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Does Smoking Keep You Slim? Evidence from Japan's Smoking Ban in the Workplace","authors":"Junchao Zhang","doi":"10.1111/asej.12279","DOIUrl":"10.1111/asej.12279","url":null,"abstract":"<p>Long-term time-series data show a strong negative correlation between obesity and smoking prevalence, which may not reflect the causality. Many heavy smokers claim that smoking helps them maintain a slim body and keep smoking despite the health risks. Using the Japan Household Panel Survey, this study investigates the causal effect of smoking on body shapes by exogenous variations of Japan's smoking ban in the workplace. Contrary to previous studies, our instrumental variable estimates show that smoking has no effect on body mass index, obesity and underweightness. We also construct an overidentified model to test the robustness of our results.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"36 3","pages":"318-336"},"PeriodicalIF":1.3,"publicationDate":"2022-11-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41893086","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Labor market impact of COVID-19 on migrants in South Korea: Evidence from local outbreaks","authors":"Seonho Shin","doi":"10.1111/asej.12280","DOIUrl":"10.1111/asej.12280","url":null,"abstract":"<p>Despite the growing importance of migrants and their role in the South Korean economy, how much and in which ways COVID-19, as an adverse labor market shock, has affected them has received too little attention, with no single study published to date yet. Motivated by such a paucity, this paper investigates the impact of the COVID-19 pandemic crisis on employment for migrants in South Korea, with special emphasis on quantifying the magnitude of its causal effect. In doing so, this study exploits the unique fact that only one specific region in South Korea had a substantial number of COVID-19 infections in the early stage of the pandemic so that estimations can be made using a difference-in-differences (DD) model. The DD estimates suggest that COVID-19 lowered migrants’ overall employment probability by 2.5 to 3.2 percent points. However, strong heterogeneity between the genders is apparent: the pandemic severely hurts female migrants’ employment, with male migrants weathering it relatively unscathed. Furthermore, female migrants seem considerably harder hit than female host populations. Heterogeneity analyses reveal that (i) a duration of stay exceeding 5 years and (ii) fluency in Korean (as a local language) protect migrants from being heavily affected by the COVID-driven employment shock.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"36 3","pages":"229-260"},"PeriodicalIF":1.3,"publicationDate":"2022-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44045793","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Cyclical shocks and spatial association of Indonesia's district-level per capita income","authors":"Mitsuhiko Kataoka","doi":"10.1111/asej.12277","DOIUrl":"10.1111/asej.12277","url":null,"abstract":"<p>Our exploratory spatial data analysis covered Indonesia's district-level per capita incomes for 2004–2018 and found statistical evidence of a weak but monotonically increasing positive spatial association. The spatial income clusters/outliers were scattered nationwide and expanded geographically. Applying the filtering method, we found that regional cyclical shocks significantly influenced spatial association, largely in resource-rich districts, and identified the locations of persistent spatial association that were immune to shocks. We also specified new development targets, showing the adjacent coexistence of low-income agrarian clusters with high-income mining clusters in the undeveloped Papuan provinces. The overall national average is moving toward the narrowing of inter-district income disparities. However, nearly half of all districts have widened the income disparities with their neighbors; shocks increased income gaps rather than narrowing them.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"36 3","pages":"261-287"},"PeriodicalIF":1.3,"publicationDate":"2022-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46875141","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}