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The Impact of Dual Labor Markets on Labor Productivity: Evidence from the OECD (in Korean)

Author

Listed:
  • Koangsung Choi

    (Department of Applied Economics, Hanyang University)

  • Jieun Lee

    (Economic Research Institute, Bank of Korea)

  • Chung Choe

    (Department of Economics, Hanyang University (ERICA))

Abstract

This paper examines the impact of a dual labor market structure on labor productivity using unbalanced panel data from 29 OECD member countries between 1990 and 2015. By applying a variety of regression models on the panel data (e.g., a pooled regression, a fixed effects model and a GMM), we explore how changes in worker-type composition among temporary, permanent and self-employed workers contribute to productivity growth. While it appears that our results differ slightly, depending on the econometric models, overall an increase in the share of permanent workers leads to a relatively higher increase in productivity growth. On the other hand, it is also seen that the effects of the share of temporary workers on labor productivity are considerably lower than that of permanent and self-employed workers. To sum it up, our findings indicate that an increase in temporary workers could have an adverse effect on labor productivity.

Suggested Citation

  • Koangsung Choi & Jieun Lee & Chung Choe, 2019. "The Impact of Dual Labor Markets on Labor Productivity: Evidence from the OECD (in Korean)," Economic Analysis (Quarterly), Economic Research Institute, Bank of Korea, vol. 25(3), pages 1-29, September.
    • Handle: RePEc:bok:journl:v:25:y:2019:i:3:p:1-29
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    More about this item

    Keywords

    Dual Labor Market; Labor Productivity; Permanent and Temporary Workers;
    All these keywords.

    JEL classification:

    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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