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초록
We utilize the Korean Labor and Income Panel Study (KLIPS) data to study the effects of compositional changes in the labour market on wage dynamics in Korea. According to the empirical analysis, while the overall slack in the Korean labour market has been limited, wage growth slowed during the sample period (2002 - 2017). Moreover, our study suggests that a slowdown in worker flows to regular jobs in addition to the widening wage gap between regular and non-regular jobs and a rapid increase in the share of elderly workers critically contributes to the observed downtrend in wage growth.
키워드
Labor flows; wage dynamics; regular jobs; non-regular jobs; panel data
- 제목
- Worker flows and wage dynamics in Korea
- 저자
- Lim, Hyunjoon; Bahng, Hong Kee; Lee, Dongyeol; Lee, Seungduck
- 발행일
- 2025-03
- 유형
- Article; Early Access