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Seniority Pay, Turnover and Job Training in Korea

Author

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  • Byung-You Cheon

    (Hyundai Research Institute)

Abstract

The Korean blue-collar workers have seniority-based pay stranger than the Japanese one The seniority pay, however, is not the result of on-the-,jab train-ing and it does not function as incentive to reduce turnover in Korean labor market for blue-collar workers: The analysis in this paper shows that high re-turns to tenure have very little to do with intro- firm training and do not incur low level of turnover in Korea Contrary to conventional theories, high seniority pay, low turnover and high investment in training undertaken by the firm do not reinforce each other in Korea.

Suggested Citation

  • Byung-You Cheon, 1998. "Seniority Pay, Turnover and Job Training in Korea," Korean Economic Review, Korean Economic Association, vol. 14, pages 59-78.
    • Handle: RePEc:kea:keappr:ker-199806-14-1-04
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    Cited by:

    1. Bong Joon Yoon, 2005. "Labor Militancy in South Korea," Asian Economic Journal, East Asian Economic Association, vol. 19(2), pages 205-230, June.

    More about this item

    Keywords

    Seniority Pay; Tenure; Turnover; On-the- job Training; Human Capital;
    All these keywords.

    JEL classification:

    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts

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