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Reduced working hours and human capital investment: Evidence from the 40-hour workweek policy in South Korea

Author

Listed:
  • Minuk Song

    (Department of Economics, Konkuk University)

  • Jihye Park

    (Korea Research Institute for Vocational Education and Training)

  • Chung Choe

    (Department of Economics, Konkuk University)

Abstract

This study analyzes the impact of working hours on vocational training, using South Korea's 40-hour workweek policy as an instrumental variable. Utilizing data from the Korean Labor and Income Panel Study (KLIPS), the results indicate that reduced working hours increase the likelihood of participating in vocational training participation and its duration, driven primarily by employer-provided training. These findings highlight how reducing working hours can influence human capital investment through vocational training.

Suggested Citation

  • Minuk Song & Jihye Park & Chung Choe, 2026. "Reduced working hours and human capital investment: Evidence from the 40-hour workweek policy in South Korea," Economics Bulletin, AccessEcon, vol. 46(2), pages 568-577.
    • Handle: RePEc:ebl:ecbull:eb-26-00198
    as

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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • I2 - Health, Education, and Welfare - - Education

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