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New evidence on the Korean wage curve

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  • Seonyoung Park
  • Donggyun Shin

Abstract

Our new empirical evidence suggests that wages are substantially flexible in South Korea. In particular, our longitudinal evidence on the wage curve follows the minus-point-one rule, set up by Blanchflower and Oswald (1994) and is consistent with evidence from other countries.

Suggested Citation

  • Seonyoung Park & Donggyun Shin, 2007. "New evidence on the Korean wage curve," Applied Economics Letters, Taylor & Francis Journals, vol. 15(3), pages 221-224.
  • Handle: RePEc:taf:apeclt:v:15:y:2007:i:3:p:221-224
    DOI: 10.1080/13504850600706321
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    1. Blanchflower, David G. & Oswald, Andrew J., 2005. "The Wage Curve Reloaded," IZA Discussion Papers 1665, Institute for the Study of Labor (IZA).
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