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Economic Growth and Multiskilled Workers in Manufacturing

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  • Park, Ki Seong

Abstract

This article analyzes the causes of workers' multiskill training and, based on a survey of manufacturing plants and workers in South Korea, concludes that multiskill capability arises from specific on-the-job training paid for by the firm. The author describes various aspects of multiskilled workers and sets up a theoretical model in which multiskilled workers are assumed to be more productive than specialized workers for producing a new product but less productive for producing an existing product. The model entails several implications, including a positive cross-sectional correlation between the proportion of multiskilled workers and the growth rate of labor productivity. Copyright 1996 by University of Chicago Press.

Suggested Citation

  • Park, Ki Seong, 1996. "Economic Growth and Multiskilled Workers in Manufacturing," Journal of Labor Economics, University of Chicago Press, vol. 14(2), pages 254-285, April.
    • Handle: RePEc:ucp:jlabec:v:14:y:1996:i:2:p:254-85
    DOI: 10.1086/209811
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    References listed on IDEAS

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    1. Lucas, Robert E, Jr & Prescott, Edward C, 1971. "Investment Under Uncertainty," Econometrica, Econometric Society, vol. 39(5), pages 659-681, September.
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    6. Milgrom, Paul & Roberts, John, 1990. "The Economics of Modern Manufacturing: Technology, Strategy, and Organization," American Economic Review, American Economic Association, vol. 80(3), pages 511-528, June.
    7. N/A, 1971. "Chapter II: The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 57(1), pages 21-34, August.
    8. Gary S. Becker & Kevin M. Murphy, 1994. "The Division of Labor, Coordination Costs, and Knowledge," NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, Third Edition, pages 299-322, National Bureau of Economic Research, Inc.
    9. N/A, 1971. "The Economic Situation," National Institute Economic Review, National Institute of Economic and Social Research, vol. 56(1), pages 4-21, May.
    10. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Cited by:

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    3. Bishnu, Monisankar & Ghate, Chetan & Gopalakrishnan, Pawan, 2016. "Factor income taxation, growth, and investment specific technological change," Economic Modelling, Elsevier, vol. 57(C), pages 133-152.

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