Details

Subject(s)

• Minimum wage [Browse]

Author

• Chung, Sunghoon [Browse]
• Choi, Jaerim [Browse]

Series

Policy research working papers. [More in this series]

Summary note

An unprecedented regime change following the 2017 presidential impeachment led to a dramatic shift to more rigid labor market policies in the Republic of Korea, represented by consecutive double-digit hikes in the minimum wage in the next two years. Using a firm-level data set with detailed information about foreign affiliates for 2013~19, this paper assesses the employment consequences of stricter labor market regulations. The empirical evidence uncovers a relatively unexplored mechanism through which domestic labor market rigidity can potentially reduce domestic employment as multinational firms with flexible internal networks reallocate tasks across borders.

Source of description

Description based on publisher supplied metadata and other sources.

Other standard number

• 10.1596/1813-9450-10114

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