Effects of Initial Labor Market Conditions on Job Polarization: Evidence from South Korea

Youngsoon Kwon, Myungkyu Shim and Hee-Seung Yang ()
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Youngsoon Kwon: Yonsei University

Korean Economic Review, 2024, vol. 40, 219-253

Abstract: This paper investigates the extent to which initial conditions in the labor market influence the progress of job polarization in Korea. In particular, we compare the following two competing hypotheses: a specialization hypothesis and an inter-industry wage differentials hypothesis. Our findings indicate that job polarization is pronounced in industries that have historically relied on routine tasks and have experienced a significant increase in ICT capital intensity between 2000 and 2019. By contrast, initial inter-industry wage differentials are not associated with job polarization in Korea during the same period.

Keywords: Job Polarization; Initial Conditions; Routine Worker; Industry Wage Premium; ICT Capital; Korea (search for similar items in EconPapers)
JEL-codes: J20 J23 J31 (search for similar items in EconPapers)
Date: 2024
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