The impact of the minimum wage on the characteristics of new establishments: Evidence from South Korea

被引：3

作者：

Baek, Jisun ^{[1
]}

Lee, Changkeun ^{[1
]}

Park, WooRam ^{[2
]}

机构：

[1] KDI Sch Publ Policy & Management, 263 Namsejong Ro, Sejong Si 30149, South Korea

[2] Korea Dev Inst, 263 Namsejong Ro, Sejong Si 30149, South Korea

来源：

LABOUR ECONOMICS | 2021年 / 72卷

关键词：

Minimum wage introduction; Employment; Capital intensity; Labor productivity; Entering plants; Establishment-level data; FAST-FOOD INDUSTRY; LABOR-MARKET; NEW-JERSEY; EMPLOYMENT; ADJUSTMENTS; BUSINESS; BARRIER; GROWTH; PRICES; ENTRY;

D O I：

10.1016/j.labeco.2021.102059

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines how the minimum wage affects the characteristics of new establishments. We utilize the introduction of a minimum wage of South Korea in 1988 and exploit a data covering the universe of new plants subject to this law. From difference-in-differences analyses, we first confirm that the introduction of the minimum wage caused new plants to remit higher remuneration to workers. Due to the minimum wage, new plants tended to start with fewer employees and to equip their employees with more capital. Finally, we find that the minimum wage led to higher labor productivity among entering plants.

引用

页数：8

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