Labor Market Rigidity at Home and Multinational Corporations’ Flexible Task Reallocation Abroad (English)

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...

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Author

Ahn,Jaebin;

Choi,Jaerim;

Chung,Sunghoon;
Document Date
2022/06/29
Document Type
Policy Research Working Paper
Report Number
WPS10114
Volume No
1
Country
Korea, Republic of,
Region
East Asia and Pacific,
Disclosure Date
2022/06/29
Disclosure Status
Disclosed
Doc Name
Labor Market Rigidity at Home and Multinational Corporations’ Flexible Task Reallocation Abroad

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Citation

Ahn,Jaebin; Choi,Jaerim; Chung,Sunghoon.

Labor Market Rigidity at Home and Multinational Corporations’ Flexible Task Reallocation Abroad (English). Policy Research working paper ; no. WPS 10114 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099558206292225157

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Labor Market Rigidity at Home and Multinational Corporations’ Flexible Task Reallocation Abroad (English)

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