- 영문명
- A Study on Elasticity of Substitution on Korea’s Total Industry Considering Globalization and Technical Progress
- 발행기관
- 한국해양비즈니스학회
- 저자명
- 박동섭(Dong-Seob Park) 유일선(Il-Seon Yoo)
- 간행물 정보
- 『해양비즈니스』제61호, 55~80쪽, 전체 26쪽
- 주제분류
- 경제경영 > 경영학
- 파일형태
- 발행일자
- 2025.04.30
5,920원
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국문 초록
Since the 1990s, the gap in labor income share by education level has widened in Korea’s total industry. To analyze this, the CES production function, which separates labor into high and low-educated labor based on human capital theory, was established to derive an estimation equation showing the relationship between elasticity of substitution between labor by education level and labor income share by education level. With this, an empirical analysis was conducted by dividing statistical data for the period 1993-2023 into three section (all sections, 1993-2023; I section, 1993-2006; II section, 2007-2023).
As a result of the estimation, the substitution elasticity was estimated to be C, and the increase in the relative wage of highly educated labor(wH/wL) increased the share of low educated labor income(SL), while technical progress and globalization lowered it. It was found that the effect of wH/wL on SL was the greatest in the entire section and the I section, while that of technical progress was the greatest in the II section. This paper is meaningful in that it has recently discovered that the increasing effect of wH/wL on SL and the decreasing effect of globalization on SL have been reduced, and the decreasing effect of technical progress on SL has been relatively expanded, resulting in a continuous decline of SL in Korean total industry.
However, this paper excludes physical capital as a factor of production, thus failing to examine the relationship between the capital income share and the labor income share by education level. It also has a limitation in that it does not consider the decline in the supply of low-educated labor due to the decrease in the population with a high school education or less since the 1990s.
영문 초록
목차
Ⅰ. 서론
Ⅱ. 이론적 배경과 선행연구
Ⅲ. 한국산업 학력별 노동소득분배율 현황
Ⅳ. 실증분석 모형과 추정결과
Ⅴ. 결론
참고문헌
키워드
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