New Estimates for Labor Supply Elasticity of Korean Married Female Workers: Evidence from Recent Korean Tax Reform

• 발행기관: 한국재정학회(구 한국재정·공공경제학회)
• 저자명: 우석진
• 간행물 정보: 『한국재정학회 학술대회 논문집』2013년도 추계학술대회 논문집, 1~22쪽, 전체 22쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2013.10.20

영문 초록

This paper estimated the labor elasticities of Korean married female workers. In order to minimize the endogeneity issue in hourly wage rate in labor supply equation, we took advantage of the recent tax reforms in which marginal tax rates and income deduction amounts had changed. Our estimates show that the compensated elasticity of female workers with stable job is close to zero while the compensated elasticity of female workers with less stable job is around 0.5.

목차

1.Introduction

2.Recent tax reforms in Korea

3.Empirical specification and identification strategy

4.Data

5.Empirical analysis

6.Conclusions