New evidence on the Korean wage curve

Seonyoung Park and Donggyun Shin

Applied Economics Letters, 2008, vol. 15, issue 3, pages 221-224

Abstract: Our new empirical evidence suggests that wages are substantially flexible in South Korea. In particular, our longitudinal evidence on the wage curve follows the minus-point-one rule, set up by Blanchflower and Oswald (1994) and is consistent with evidence from other countries.

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