@article{ART002173923},
author={Ki Seong Park},
title={Employment and Growth Effects of Minimum Wage Hike},
journal={Journal of Regulation Studies},
issn={1738-7132},
year={2016},
volume={25},
number={2},
pages={3-17}
TY - JOUR
AU - Ki Seong Park
TI - Employment and Growth Effects of Minimum Wage Hike
JO - Journal of Regulation Studies
PY - 2016
VL - 25
IS - 2
PB - 한국규제학회
SP - 3
EP - 17
SN - 1738-7132
AB - This paper analyzes the harmful effects on employment and economic growth brought by the minimum wage hike. If the 2017 minimum wage is raised to 10,000 wons, the employment decreases by 241 ~ 506 thousands. If it is raised to 9,000, 8,000, and 7,000 wons, the employment decreases by 173 ~ 311, 125 ~ 154, and 46 ~ 65 thousands, respectively. We have an estimation for 15 OECD countries: The economic growth rate decreases by 0.51 % points as the ratio of minimum wage to the average wage increases by 10 % points. According to this, if the 2017 minimum wage is raised to 10,000 wons, the annual economic growth rate decreases by 1.48 % points. If it is raised to 9,000, 8,000, and 7,000 wons, the rate decreases by 1.11, 0.73, and 0.36 % points, respectively.
KW - Minimum Wage;Employment Decrease;Growth Rate Drop
DO -
UR -
ER -
Ki Seong Park. (2016). Employment and Growth Effects of Minimum Wage Hike. Journal of Regulation Studies, 25(2), 3-17.
Ki Seong Park. 2016, "Employment and Growth Effects of Minimum Wage Hike", Journal of Regulation Studies, vol.25, no.2 pp.3-17.
Ki Seong Park "Employment and Growth Effects of Minimum Wage Hike" Journal of Regulation Studies 25.2 pp.3-17 (2016) : 3.
Ki Seong Park. Employment and Growth Effects of Minimum Wage Hike. 2016; 25(2), 3-17.
Ki Seong Park. "Employment and Growth Effects of Minimum Wage Hike" Journal of Regulation Studies 25, no.2 (2016) : 3-17.
Ki Seong Park. Employment and Growth Effects of Minimum Wage Hike. Journal of Regulation Studies, 25(2), 3-17.
Ki Seong Park. Employment and Growth Effects of Minimum Wage Hike. Journal of Regulation Studies. 2016; 25(2) 3-17.
Ki Seong Park. Employment and Growth Effects of Minimum Wage Hike. 2016; 25(2), 3-17.
Ki Seong Park. "Employment and Growth Effects of Minimum Wage Hike" Journal of Regulation Studies 25, no.2 (2016) : 3-17.
