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Working Paper

The Characteristics of Wage Structure and Its Changes in Korea : Analysis of Variance Using GLM Procedure

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  • 저자 윤윤규(尹允逵)
  • 발행일 1994/03/01
  • 시리즈 번호 9402
원문보기
요약 This paper investigated the relative importance of various
factors in determining wage distributions, based on the analysis
-of- variance of log(wages) using the GLM procedure, in order
that we can inquire into the underlying principle of wage
determination in Korea's labor market. The major findings
include the following: First, employee characteristics, including
human capital factors play much more important roles in
determining wage distribution than employment characteristics.
Second, During the 1980s, Korea's labor market has made the
transition to a more competitive structure, and the wage=labor
productivity hypothesis of human capital theory is essentially
being realized as a dominant principle of wage determination in
Korea's labor market.
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