A Comparative Approach on the Wage Structure between the Korea and Japan: Estimation of Wage Profile

Seung Yeol Yee

doi:10.18107/japs.2011.18.3.008

@article{ART001611633},
author={Seung Yeol Yee},
title={A Comparative Approach on the Wage Structure between the Korea and Japan: Estimation of Wage Profile},
journal={Journal of Asia-Pacific Studies},
issn={1225-8539},
year={2011},
volume={18},
number={3},
pages={145-160},
doi={10.18107/japs.2011.18.3.008}

TY - JOUR
AU - Seung Yeol Yee
TI - A Comparative Approach on the Wage Structure between the Korea and Japan: Estimation of Wage Profile
JO - Journal of Asia-Pacific Studies
PY - 2011
VL - 18
IS - 3
PB - Institute of Global Affairs
SP - 145
EP - 160
SN - 1225-8539
AB - This paper tries to understand the changes in the Korean and Japanese wage structure since 2000, of which the seniority system is characteristic. We estimated the wage profile using the wage survey data by the two governments in the years of 2000 and 2007. The results are as follow:First, the seniority system doesn't be extinct in the two countries during our period of observation. Both Korea and Japan have the wage systems in which the wages are rising to 40 years old, and going down from then on. Second, comparing between the estimation results in 2007 and the ones in 2000 in Korea, the tenure effect is positive to the workers who stay at the same employer during 30 years or more. This result says that the seniority system is more stable in the Korea labor market. Third, the estimated tenure effects are directly opposed between Korea and Japan. The slope of the wage profile has been flatter since 2000 in the Japanese wage structure. We infer from our estimation results that the seniority system has been being strengthening in the Korean labor market, but has been being weekened in the Japanese labor market with the increasing similarity between the Korean wage structure and the Japanese one.
KW - Korea;Japan;Labor Market;Wage Structure;Seniority system
DO - 10.18107/japs.2011.18.3.008
ER -

Seung Yeol Yee. (2011). A Comparative Approach on the Wage Structure between the Korea and Japan: Estimation of Wage Profile. Journal of Asia-Pacific Studies, 18(3), 145-160.

Seung Yeol Yee. 2011, "A Comparative Approach on the Wage Structure between the Korea and Japan: Estimation of Wage Profile", Journal of Asia-Pacific Studies, vol.18, no.3 pp.145-160. Available from: doi:10.18107/japs.2011.18.3.008

Seung Yeol Yee "A Comparative Approach on the Wage Structure between the Korea and Japan: Estimation of Wage Profile" Journal of Asia-Pacific Studies 18.3 pp.145-160 (2011) : 145.

Seung Yeol Yee. A Comparative Approach on the Wage Structure between the Korea and Japan: Estimation of Wage Profile. 2011; 18(3), 145-160. Available from: doi:10.18107/japs.2011.18.3.008

Seung Yeol Yee. "A Comparative Approach on the Wage Structure between the Korea and Japan: Estimation of Wage Profile" Journal of Asia-Pacific Studies 18, no.3 (2011) : 145-160.doi: 10.18107/japs.2011.18.3.008

Seung Yeol Yee. A Comparative Approach on the Wage Structure between the Korea and Japan: Estimation of Wage Profile. Journal of Asia-Pacific Studies, 18(3), 145-160. doi: 10.18107/japs.2011.18.3.008

Seung Yeol Yee. A Comparative Approach on the Wage Structure between the Korea and Japan: Estimation of Wage Profile. Journal of Asia-Pacific Studies. 2011; 18(3) 145-160. doi: 10.18107/japs.2011.18.3.008

Seung Yeol Yee. A Comparative Approach on the Wage Structure between the Korea and Japan: Estimation of Wage Profile. 2011; 18(3), 145-160. Available from: doi:10.18107/japs.2011.18.3.008

Seung Yeol Yee. "A Comparative Approach on the Wage Structure between the Korea and Japan: Estimation of Wage Profile" Journal of Asia-Pacific Studies 18, no.3 (2011) : 145-160.doi: 10.18107/japs.2011.18.3.008

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