An unprecedented regime change following the 2017 presidential impeachment led to a dramatic shift to more rigid labor market policies in the Republic of Korea, represented by consecutive double-digit hikes in the minimum wage in the next two years. Using a firm-level data set with detailed information about foreign affiliates for 2013~19, this paper assesses the employment consequences of stricter labor market regulations. The empirical evidence...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2022/06/29
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Рабочий документ в рамках исследования вопросов политики
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WPS10114
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1
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2022/06/29
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Disclosed
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Labor Market Rigidity at Home and Multinational Corporations’ Flexible Task Reallocation Abroad
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