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

• 발행기관: 한국재정학회(구 한국재정·공공경제학회)
• 저자명: 송호신(Hosin Song)
• 간행물 정보: 『한국재정학회 학술대회 논문집』2016년도 춘계학술대회 논문집, 1~13쪽, 전체 13쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2016.03.30

영문 초록

In this paper we estimate the impact of the statutory labor hours cut in Korea on actual hours worked, monthly real wage income and hourly wage by the regression discontinuity design (RDD) method. The statutory labor hours cut policy was implemented between 2004 and 2010 based on the number of corporation’s employees. The estimation results show that the statutory labor hours cut made those workers receiving the treatment better off in 2004 and 2005 by causing actual hours worked to decrease and real wage income to increase significantly, while it made those workers receiving the treatment worse off in 2007 by causing the opposite effect. Those results imply that the effect of the policy implementation on a worker’s welfare depends on the size of the worker’s corporation. The policy intervention is more likely to affect workers at large firms favorably than those at small firms. In particular, workers at corporations having at least 300 employees are the main beneficiaries of the statutory labor hours cut policy in Korea.

목차

1 Introduction

2 Estimation of RDD model

3 Concluding Remarks

키워드

regression discontinuity statutory labor hours cut actual hours worked