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Labor Market Rigidity at Home and Multinational Corporations' Flexible Task Reallocation Abroad / JaeBin Ahn, Jaerim Choi, Sunghoon Chung.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Author/Creator:
- Ahn, JaeBin, author.
- Chung, Sunghoon, author.
- Choi, Jaerim, author.
- Series:
- Policy research working papers.
- Policy research working papers
- Language:
- English
- Subjects (All):
- Minimum wage.
- Physical Description:
- 1 online resource (49 pages).
- Place of Publication:
- Washington, D.C. : The World Bank, 2022.
- Summary:
- 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.
- Notes:
- Description based on publisher supplied metadata and other sources.
- Publisher Number:
- 10.1596/1813-9450-10114
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