wow-inequalities/02-data/intermediate/wos_sample/7e27e1f4e630a52edb7efac2164944e1-shin-hochul/info.yaml

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2023-09-28 14:46:10 +00:00
abstract: 'This study analyzes the long-term effect of labor market institutions,
such as minimum wage and union density, on inequality, investment,
growth, and consumption, by using data of the member countries of the
Organization for Economic Cooperation and Development since the 1970s.
Labor market institution variables are used to test arguments on
wage-led growth theory.
Panel cointegration approach was used to investigate the long-term
effect of these variables. Results of panel cointegration test show that
variables of labor market institutions are not robustly correlated to
macroeconomic outcomes in the long run. This condition is not in
accordance with the findings of the proponents and critics of wage-led
growth. No robust evidence exists to show that increasing minimum wage
and union density, which are representative policies for wage-led
growth, are correlated to inequality, labor income share, consumption,
investment, or growth in the long run. Estimation results of this study
suggest that the empirical basis of support and criticism for wage-led
growth theory is weak.'
affiliation: 'Shin, H (Corresponding Author), Seoul Natl Univ, Ctr Distribut Justice,
Seoul, South Korea.
Shin, Hochul, Seoul Natl Univ, Ctr Distribut Justice, Seoul, South Korea.'
author: Shin, Hochul
author-email: s2h3c7@gmail.com
author_list:
- family: Shin
given: Hochul
da: '2023-09-28'
files: []
issn: 1225-0279
journal: SEOUL JOURNAL OF ECONOMICS
keywords: Wage-led growth; Minimum wage; Union density; Panel cointegration
keywords-plus: 'NATIONAL MINIMUM-WAGE; INCOME INEQUALITY; STOCK MARKETS; IMPACT;
FINANCIALISATION; EMPLOYMENT; TESTS; RISE; PRODUCTIVITY; INVESTMENT'
language: English
number: '2'
number-of-cited-references: '68'
pages: 225-256
papis_id: b5f05c67188924bfe6aaa1f4f5bcfc89
ref: Shin2019labormarket
times-cited: '1'
title: 'Labor Market Institutions and Wage-led Growth: A Panel Cointegration Approach'
2023-10-01 08:15:07 +00:00
type: article
2023-09-28 14:46:10 +00:00
unique-id: WOS:000469805500004
usage-count-last-180-days: '0'
usage-count-since-2013: '5'
volume: '32'
web-of-science-categories: Economics
year: '2019'