Analysis of Pay Inequality and its Impacts on Growth and Performance in the Korean Manufacturing Industry Post Asian Financial Crisis

UKH Journal of Social Sciences

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Title Analysis of Pay Inequality and its Impacts on Growth and Performance in the Korean Manufacturing Industry Post Asian Financial Crisis
 
Creator Heshmati, Almas
Kim, Yunhee
 
Description This paper examines the relationship between pay inequality, economic growth, and performance in Korea. Pay inequality is estimated by using Theil’s index to identify the factors determining the level of pay inequality, and establish its relationship with economic growth and performance. For the empirical results we use panel data on the Korean manufacturing sector for the period 1993 to 2003. It appears that a large portion of rising pay inequality can be attributed to rising relative pay among the small-sized firms, outside the capital city area and in the ICT sectors which were affected by the economic structural reform since 1997. The findings support the hypothesis of an “augmented” Kuznets Curve, according to which certain developed countries are found on an upward-sloping addendum to the original formulation of Kuznets.
 
Publisher University of Kurdistan Hewlêr
 
Date 2017-12-15
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Research Article
 
Format application/pdf
text/html
 
Identifier https://journals.ukh.edu.krd/index.php/ukhjss/article/view/17
10.25079/ukhjss.v1n1y2017.pp9-21
 
Source UKH Journal of Social Sciences; Vol 1 No 1 (2017): ISSUE ONE; 9-21
2520-7806
10.25079/ukhjss.v1n1y2017
 
Language eng
 
Relation https://journals.ukh.edu.krd/index.php/ukhjss/article/view/17/9
https://journals.ukh.edu.krd/index.php/ukhjss/article/view/17/54
 
Rights Copyright (c) 2017 Almas Heshmati, Yunhee Kim
http://creativecommons.org/licenses/by-nc-nd/4.0
 

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