Essays in Labor and Education Economics in Korea

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ISBN 13 :
Total Pages : 131 pages
Book Rating : 4.:/5 (15 download)

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Book Synopsis Essays in Labor and Education Economics in Korea by : Hoon Choi

Download or read book Essays in Labor and Education Economics in Korea written by Hoon Choi and published by . This book was released on 2018 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis provides an analysis of the problems associated with the dual labor market structure and credentialism in Korea. In Chapter 2, I evaluate the effectiveness of an education policy in Korea that regulates operating hours of private tutoring academies, called hagwon, to reduce private tutoring consumption. Since 2009, 16 provincial education offices have placed a restriction on operating hours of hagwon in their ordinances. Since then, some regions have strengthened their initial curfew while the others have maintained the initial curfew. We take advantage of these shifts to identify the treatment effect by using a difference-in-differences estimation. Our findings suggest that strengthening the curfew does not generate a significant reduction in the time and money spent on private tutoring. High school students increased their consumption of alternative forms of private tutoring when their consumption on hagwon type tutoring had to be limited. Chapter 3 examines whether and how labor market duality can be alleviated through legislation that prohibits discrimination based on employment type. In 2007, the Korean government undertook a labor reform banning discriminatory treatment against fixed-term, part-time, and dispatched workers. By exploiting a gradual implementation of the anti- discrimination law by firm size targeting a subset of non-regular workers, I identify the treatment effects of the anti-discrimination law, taking a difference-in-difference-in- differences approach. The results suggest that the anti-discrimination law leads to significant increases in hourly wages and the probabilities of being covered by national pension, health insurance, and employment insurance for targeted non-regular workers in small firms, relative to other workers. The presence of labor unions contributes to reducing gaps in labor conditions between regular and targeted non-regular workers. Chapter 4 studies the union wage premium in Korea. We disentangle the overall union wage effect into the heterogeneous effects by taking different types of non-members groups into consideration. The results show that voluntary non-members experience a marginal wage penalty while the wage penalty for involuntary non-members is substantial. The evidence from quantile regression indicates that wage premium is the highest at the lower decile and is the lowest at the higher decile in the public sector.

Three Essays in Labor Economics

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (124 download)

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Book Synopsis Three Essays in Labor Economics by : Taehoon Kim

Download or read book Three Essays in Labor Economics written by Taehoon Kim and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation presents three essays in labor economics. Chapter 1 explores the effects of changes in the overall educational attainment of workers on wage and employment structure, exploiting a college education policy that has been implemented in Korea over the past 60 years. The Korean government determines a college enrollment quota for each year, which limits the number of college freshmen. The quota has been binding in all years. This study first estimates the causal effect of the relative supply of college workers to high school workers on the relative wage using the college enrollment quota as an exclusion restriction. It then develops and estimates a dynamic equilibrium model that explains the changes in educational attainment, wages, and employment structure simultaneously. Chapter 2 separately estimates the effects of kindergarten-entry age, age-at-test and schooling on cognitive skills using the new identification strategy. These three variables are considered to be perfectly multicollinear so that it is deemed that it is not possible to identify their effects separately. I exploit summer break as a period when age increases but schooling does not. The summer break and the variations in survey date in NLSY79-CS make it possible to resolve the multicollinearity problem. The main findings from the instrumental variable estimations are (1) kindergarten-entry age has a positive effect on math and reading scores; (2)the aging without schooling during summer break does not improve any test score; (3) schooling is the most important factor that improves the cognitive skills among the three factors. Chapter 3 investigates pecuniary and non-pecuniary returns to education exploiting regional variations in college attendance rate induced by the College Enrollment Quota Policy in Korea. The Korean government regulates the maximum number of college freshmen that each college can select for each year. This study employs the ratio of college enrollment quota to the number of 12th graders in the province of residence as an instrument for the years of education. The IV estimates show that an additional year of education increases hourly wage by 10.8-13.6 percent by specification. Education also increases fringe benefits, job satisfaction and life satisfaction.

Essays on Labor Market and Human Capital

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Publisher : Europäische Hochschulschriften / European University Studies / Publications Universitaires Européennes
ISBN 13 : 9783631617991
Total Pages : 0 pages
Book Rating : 4.6/5 (179 download)

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Book Synopsis Essays on Labor Market and Human Capital by : Mee-Kyung Jung

Download or read book Essays on Labor Market and Human Capital written by Mee-Kyung Jung and published by Europäische Hochschulschriften / European University Studies / Publications Universitaires Européennes. This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2004, more than 80% of all high school graduates in Korea went on to university or at least junior college, although higher educated people suffer more seriously from unemployment. In human capital theory, reducing the unemployment rate when increasing the level of education was determined to be a stylized fact. But the current situation in Korea does not justify the theory. Using the Korean Labor and Income Panel Study and the German Socio-Economic Panel three empirical essays aim to find the corresponding reasons and solutions. Koreans' strong interest in university studies could be caused by lack of promising alternatives. An enhancement of the job training system along German lines seems to offer a reasonable solution to the oversupply of university graduates in Korea.

Three Essays in Empirical Labor Economics

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ISBN 13 :
Total Pages : 107 pages
Book Rating : 4.:/5 (837 download)

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Book Synopsis Three Essays in Empirical Labor Economics by : Donghun Cho

Download or read book Three Essays in Empirical Labor Economics written by Donghun Cho and published by . This book was released on 2006 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Three Essays on the Korean Labor Market

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ISBN 13 :
Total Pages : 198 pages
Book Rating : 4.:/5 (731 download)

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Book Synopsis Three Essays on the Korean Labor Market by : Inkyung Kim

Download or read book Three Essays on the Korean Labor Market written by Inkyung Kim and published by . This book was released on 2011 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: My dissertation consists of three essays on the Korean labor market. The first essay studies how the extensive provision of maternity leave and childcare leave in Korea affects the employment and wages of young women. This reform is expected to increase the labor supply and decrease the labor demand for young women. As a result, the mean wage of young women should fall. But the direction of the change in their employment probability is hard to infer because it depends on the relative magnitudes of the shifts of the labor supply and demand curves. A difference-in-difference-in-differences model having older women, older men, and young men simultaneously as the control group suggests that neither the employment nor the hourly wages of young women are affected. The second essay explores why married men have higher hourly earnings and employment propensity than otherwise comparable single men. In a fixed effects regression, which controls for the selection of more productive men into marriage, married men do not experience faster growth in earnings and employment rate before marriage. Rather, when marriage takes place, the earnings of married men start increasing relative to those of single men. Also, that South Korean men have a greater earnings growth after marriage than U.S. men is consistent with the national difference in the degree of specialization within married households. Married men are more likely to work than single men only for the first few years of marriage, and single men outperform married men afterwards. The final essay studies why gender differences in earnings and earnings growth exist among new Korean college graduates before women take time off of work for marriage and motherhood. I find that women do not face an initial earnings gap after graduating college compared to men who finished military service. The lower earnings that women receive can be entirely explained by the difference in age at graduation between men and women. However, women's earnings grow slower than those of men who finished military service. This is partly because a greater percentage of women graduate from colleges of education, which provide slower earnings growth than other types of colleges. Most of the gender difference in earnings growth remains unexplained.

Strategies for Reforming Korea’s Labor Market to Foster Growth

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Publisher : International Monetary Fund
ISBN 13 : 1498347924
Total Pages : 20 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Strategies for Reforming Korea’s Labor Market to Foster Growth by : Mai Dao

Download or read book Strategies for Reforming Korea’s Labor Market to Foster Growth written by Mai Dao and published by International Monetary Fund. This book was released on 2014-07-25 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the Korean unemployment rates are currently among the lowest in OECD countries, the labor market duality and the underemployment in some segments of the population are important labor market challenges, and factors contributing to lower potential growth. The paper shows the benefits of comprehensive policy reforms aimed at increasing labor force participation and youth employment and reducing duality are likely to be considerable in the medium term.

Essays in Labor and Education Economics

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Essays in Labor and Education Economics by : Kalaivani Karunanethy

Download or read book Essays in Labor and Education Economics written by Kalaivani Karunanethy and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thèse. HEC. 2023

Essays on Labor Economics and Education

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis Essays on Labor Economics and Education by : Tomas E. Monarrez Palma

Download or read book Essays on Labor Economics and Education written by Tomas E. Monarrez Palma and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Labor Market Duality in Korea

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Publisher : International Monetary Fund
ISBN 13 : 1484357930
Total Pages : 36 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Labor Market Duality in Korea by : Johanna Schauer

Download or read book Labor Market Duality in Korea written by Johanna Schauer and published by International Monetary Fund. This book was released on 2018-06-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Capital-labor Relations and Economic Development

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ISBN 13 :
Total Pages : 448 pages
Book Rating : 4.:/5 (26 download)

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Book Synopsis Capital-labor Relations and Economic Development by : Jong-il You

Download or read book Capital-labor Relations and Economic Development written by Jong-il You and published by . This book was released on 1990 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on the Korean Economy

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ISBN 13 :
Total Pages : 350 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Essays on the Korean Economy by :

Download or read book Essays on the Korean Economy written by and published by . This book was released on 1977 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on Labor Economics

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (145 download)

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Book Synopsis Essays on Labor Economics by : Youngjae Hwang (Ph.D.)

Download or read book Essays on Labor Economics written by Youngjae Hwang (Ph.D.) and published by . This book was released on 2024 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first chapter estimates a life-cycle model of housing contract choices to analyze the role of the Jeonse contract in the Korean housing market. Jeonse is a unique lump-sum deposit rental contract that requires a large deposit but no continuous monthly payments for tenants. The benchmark model which includes three housing contract options-ownership, Jeonse, and rent-is compared to a counterfactual scenario in which the Jeonse option is excluded from the market. Assuming exogeneous housing market prices, the counterfactual market exhibits a notable decline in ownership rates across the life cycle, with a 12-percentage-point drop at the peak of the ownership profiles. The core findings remain qualitatively consistent when an additional housing option, premium rent, is introduced, which is equivalent in cost and quality to the Jeonse units. This suggests that the proportion of housing demand attributed to the Jeonse contract stems not from the model-specific utility specifications but rather from the intrinsic nature of the Jeonse agreement in encouraging tenants to accumulate more savings. The welfare analysis suggests that Jeonse is typically more advantageous than premium rent for the majority of households, with the exception of those whose assets are insufficient to cover the Jeonse deposit. This explains why the Jeonse contract is popular in South Korea. The second chapter investigates how the choice of attitude toward working and learning is related to the emergence of male marriage premiums. A Ben-Porath type human capital model incorporating marriage choice and effort specialization decision is considered as a benchmark model. In the model, an agent accumulates human capital and generates income by allocating the time endowment between working and learning, and decides whether to marry or not in each period. The distinguishing feature of the model is that one could choose either to concentrate on working or learning by choosing the effort level in each sector. Estimated based on the Simulated Method of Moments, the model replicates the wage profiles and the proportion of married individuals in NLSY79. A counterfactual exercise on the timing of marriage reveals that the wage profiles of individuals show a discrete jump at the period of marriage. The size of the marriage premium is larger when the marriage happens early in the life cycle, and if the individuals possess average ability to learn. Conversely, a negligible size of marriage premium is observed if marriage happens late, especially for individuals with high ability. In the long run, the anticipation of marriage increases the peak of the wage profile for individuals with average ability, especially when marriage is postponed.

Essays on Labor and Development Economics

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ISBN 13 :
Total Pages : 101 pages
Book Rating : 4.:/5 (126 download)

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Book Synopsis Essays on Labor and Development Economics by : Eui Ran Chon

Download or read book Essays on Labor and Development Economics written by Eui Ran Chon and published by . This book was released on 2020 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of three separate essays on topics in labor and development economics. The first chapter examines the impact that the increased demand for foreign players in US Major League Baseball (MLB) has had on male youth's educational attainment in the Dominican Republic. I use a triple difference strategy (DDD) and exploit the expansion of athlete visas by the US government as an exogenous source of variation. Contrary to concerns expressed by journalists and international policy researchers about the negative impacts of MLB's overseas player development, my findings suggest an absence of meaningful negative effects, ruling out a decrease in schooling greater than 0.07 years.The second chapter studies the short-term effects of an unconditional transfer on the labor supply in Seongnam city, Korea. In 2016, Seongnam started a "Youth Dividend" program, which paid out gift vouchers of 1,000,000 won (USD 950) to all of its 24-year-olds. The transfer differs from other programs in that it is explicitly unconditional and targets a specific age. Using data from the Local Area Labor Force Survey and the synthetic control method, I show that the unconditional transfers had no effect on the recipients0́9 labor supply at neither the extensive nor intensive margin. The third chapter focuses on the relationship between statutory work-hour reductions and labor supply. Reducing the number of working hours and improving work-life balance has been an important challenge for industrialized economies. In July of 2018, South Korea lowered its maximum working hours from 68 hours a week to 52 hours. The policy reduced the standard hours at different times according to industry and firm size. I take advantage of this quasi-natural experiment setting to identify the impact of standard hour reductions on working hours and employment. Using a triple difference approach, I find that female workers in affected firms worked 3.59 hours more per week than those in the control firms, but that there was no significant difference for male workers. My findings show no significant relationship between work-hour reductions and job creation.

Essays on Applied Economics

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)

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Book Synopsis Essays on Applied Economics by : Youngju Lee

Download or read book Essays on Applied Economics written by Youngju Lee and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research in public and applied economics has established ways for measuring the impact of government policies to answer policy-relevant questions within public, labor, and environmental economics. I tend to analyze the unexpected impacts of government policies that policymakers might not consider ex-ante, and I document the potential mechanisms underlying impacts on subjects. Chapter 1 studies the question evaluating whether the single-sex schooling makes an impact on the future labor market outcomes, such as extensive margin of entering labor force and earning level. Entering single-sex schooling is not free from selection bias problem, as students choose the education institutes based on their preference. However, in South Korea, students are randomly assigned to high schools within the education district by lottery system, which makes it possible to find the treatment effect addressing the self-selection bias. We use the individual-level panel data spanned from their high school graduation until the late twenties and find the results which are heterogeneous by gender. Entering female single-sex high school decreases female earnings compared to the co-education high schools, whereas there is no solid evidence entering male single-sex high schools affects male labor market outcomes. We explore possible mechanisms for these asymmetric treatment effects, including the job sector choice and communication skills. Females from single-sex high schools tend to enter the healthcare industry as a worker such as nursing practice which pays lower income on average, and less enter the male dominant industry such as manufacturing. Furthermore, they show lower level of self-evaluation about the communication ability with coworkers compared to the females from the co-education high schools Chapter 2 explores the impact of air pollution guideline change on pharmaceutical consumption. In South Korea, government changed the air pollution guideline related to the particulate matter 2.5 to improve the awareness of pollution seriousness. According to this change, the labeling of air pollution level became more strict. For example, the day labeled as "Normal" air pollution is now labeled as "Bad" after the policy change though it has the same level of air pollution. Exploiting this policy change and district-level spatial variation, we find that one additional day labeled as bad after the new guideline is associated with 0.9% increase of medicine consumption related to the respiratory system per person. We also find that the impact is more negligible in one day of consecutive days of bad air pollution than a single day of bad air pollution. In addition to it, this impact varies by healthcare institutions; more accessible health care institutions (primary care and pharmacy) show a stronger impact than less accessible (tertiary) health centers. Chapter 3 analyzes the research question of whether political alignment impacts the tax evasion rate in South Korea. According to the concept of reciprocity in tax morale, it is theoretically argued that a better attitude toward the government can lower the tax evasion motivation. Therefore, if the political alignment is correlated with attitude toward government, political alignment may affect the tax evasion rate. In this paper, we check this relationship between attitude toward government and political alignment from the Korean General Social Survey data set. Furthermore, by combining several Korean data sets, we find that people evade their tax payments less when politically aligned with the ruling party in South Korea.

Essays in Education and Labor Economics

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ISBN 13 : 9780355308181
Total Pages : 154 pages
Book Rating : 4.3/5 (81 download)

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Book Synopsis Essays in Education and Labor Economics by : Nanneh Chehras

Download or read book Essays in Education and Labor Economics written by Nanneh Chehras and published by . This book was released on 2017 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation studies educational attainment and immigrant assimilation using applied econometric methods.The first chapter estimates the effect of high school counselors on dropout rates using difference-in-differences methods and a large-scale policy change. I exploit within school student-to-counselor ratio variation in California's public high schools between 2003 and 2015. The analysis finds that decreases in the student-to-counselor ratio are associated with decreases in dropout rates. For example, a 100-student decrease in the student-to-counselor ratio would decrease the overall dropout rate by 1.7 percentage points. I further show that under conservative assumptions, the costs associated with decreases in the student-to-counselor ratio are offset by the social benefits.The second chapter provides a novel measure of the science, technology, engineering, and mathematics gender gap. Using data science methods, I construct a dataset of high school and middle school science fair projects and use project choices of over 17,000 students to measure gender gaps. I find large gender gaps favoring males in technology, engineering, and mathematics fields that increase across age. For example, the gender gap among middle school math participants is 34 percentage points, increasing to 40 percentage points in high school. Similarly, the gender gap among engineering participants increases from a substantial 26 percentage points in middle school to 29 percentage points in high school.The third chapter explores the role of child-sex composition preferences on fertility assimilation outcomes for Chinese, Indian, and South Korean women in the United States. Using Census and American Community Survey data, I first determine the sex-composition preferences among immigrant and native women. I then introduce these preferences in the assimilation framework, employing ordinary least squares regressions to determine the fertility differential between immigrants and natives. I show that once second-generation immigrants adopt the native preference for mixed-sex children, their childbearing behavior becomes similar to natives and fertility assimilation occurs.

Essays on Labor Economics: Education, Employment, and Gender

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Publisher :
ISBN 13 : 9789185519248
Total Pages : 133 pages
Book Rating : 4.5/5 (192 download)

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Book Synopsis Essays on Labor Economics: Education, Employment, and Gender by : Qian Liu

Download or read book Essays on Labor Economics: Education, Employment, and Gender written by Qian Liu and published by . This book was released on 2009 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Three Essays in Labor Economics

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (124 download)

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Book Synopsis Three Essays in Labor Economics by : Yuseob Lee

Download or read book Three Essays in Labor Economics written by Yuseob Lee and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter 1 Firm's outsourcing decision changes the match surplus to be split as well as the rule for splitting the surplus with employees. This study proposes and estimates a simple wage bargaining model that tracks down the time variation of revenue, cost, and input variables while taking the outsourcing patterns as given. The model is examined using a firm-level panel data containing administrative information on income statement and balance sheet provided by the National Tax Service of South Korea. Evidence suggests that outsourcing firms tend to have i) higher bargaining power against employees, ii) a larger fixed cost of bargaining failure, and iii) match surplus more responsive to the cost of purchases. Chapter 2 This study proposes and estimates a labor supply model to understand the transition between school and workplace, dispersion in time to degree, and labor supply decision while enrolled in college. Without assuming incomplete financial market or heterogeneous parental transfers, our model succeeds in generating the observed patterns. The model is estimated using simulated method of moments with NLSY97 data set. Counterfactual experiments suggest that decreasing the direct schooling cost would facilitate more full-time enrollment and less part-time enrollment in the earlier period and that more work-friendly postsecondary education environment would hardly affect enrollment pattern in earlier periods but would propel part-time enrollment after the usual time to Bachelor's degree. Chapter 3 This study estimates the impact of single-sex schooling on the gender gap in College major choice. Potential endogeneity concerns are alleviated owing to two features of the South Korean educational setting: homogenous application behavior under Boston mechanism-type assignment in equalized educational districts and college-major-specific admissions policies. Single-sex schooling is found to widen the gender gap in the choice of predominantly male majors by attracting female students to gender-balanced majors and male students to predominantly male majors. As possible channels through which single-sex schooling affects, overall and subject-wise gender composition of teachers have been studied. Increasing the overall proportion of female teachers or increasing the proportion of male science and math teachers turn out to encourage the pursuit of predominantly male majors by female students in all-girls high school. These findings provide policy implications on preferential hiring criteria, with respect to the gender composition of teachers by subject.