Estimation of the impact of the statutory labor hours cut on labor earnings in Korea

• 발행기관: 한국계량경제학회
• 저자명: Hosin Song
• 간행물 정보: 『JOURNAL OF ECONOMIC THEORY AND ECONOMETRICS』Vol.28 No.3, 22~35쪽, 전체 14쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2017.09.30

영문 초록

In this paper we estimate the impact of the statutory labor hours cut in Korea on monthly labor earnings by the regression discontinuity design (RDD) method. The implementation of the statutory labor hours cut policy was sequentially extended based on the number of corporation’s employees. The es-timation results show that the statutory labor hours cut did not make the work-ers receiving the treatment better off on average throughout the entire period of 2004-2008 in the sense that it raised monthly labor earnings. However, the pol-icy intervention is found to substantially improve the welfare of workers in the treatment group in 2007 and 2008.

목차

1. INTRODUCTION

2. ESTIMATION OF RDD MODEL

3. CONCLUDING REMARKS

키워드

cross-validation regression discontinuity statutory labor hours cut