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Analysis on the Determinants of Employment Proportion by Age Groups (in Korean)

Author

Listed:
  • Sangwook Lee

    (Department of Business Administration, Seoul National University of Science & Technology)

  • Chul-Woo Kwon

    (School of Economics & Trade, Kyungpook National University)

  • Yunmi Nam

    (Economic Research Institute, The Bank of Korea)

Abstract
We empirically analyze the determinants of employment proportions of workers by age groups, using data from "Workplace Panel Survey(WPS)". Considering that the employments of a firm by different age groups are highly likely to be correlated with each other, we employ the Seemingly Unrelated Regression(SUR) Model. The regression results tell us that the firms with the following characteristics hire more young workers: paying higher wage for young workers, having a lower ratio of temporary workers to permanent workers, a higher computer utilization, a bigger size, or a shorter age, located around the capital, or less influenced by the labor union. On the other hand, the firms that pay a lower wage for aged workers, have a lower ratio of temporary workers to permanent workers, a smaller size, or a longer age, not located around the capital, or more influenced by the labor union have the higher proportion of aged workers to total workers. According to the estimation results, policies with consideration of these determinants of employment proportions by age groups are necessary for increasing employment of each age group.

Suggested Citation

  • Sangwook Lee & Chul-Woo Kwon & Yunmi Nam, 2017. "Analysis on the Determinants of Employment Proportion by Age Groups (in Korean)," Working Papers 2017-16, Economic Research Institute, Bank of Korea.
    • Handle: RePEc:bok:wpaper:1716
    as

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    File URL: https://www.bok.or.kr/ucms/cmmn/file/fileDown.do?menuNo=600354&atchFileId=ENG_0000000001020584&fileSn=1
    File Function: Working Paper, 2017
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    More about this item

    Keywords

    Employment by age groups; Youth employment; Aged employment; Seemingly Unrelated Regression(SUR) Model;
    All these keywords.

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor

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