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Dual Labor Markets and Labor Productivity: Evidence from the OECD countries (in Korean)

Author

Listed:
  • Chung Choe

    (Hanyang University(ERICA))

  • Koangsung Choi

    (Hanyang University)

  • Jieun Lee

    (Economic Research Institute, The Bank of Korea)

Abstract

This paper examines the impact of the dual labor market structure on labor productivity using unbalanced panel data of 29 OECD member countries over the sample period from 1990 to 2015. By using a variety of regression models for panel data (e.g., pooled regression, a fixed effects model and the generalized method of moment), we focus on how the changes in composition among temporary, permanent and self-employed (non-salaried) workers contribute to productivity growth. Although the results slightly differ depending on the estimation method, we find that an increase in the share of permanent workers has the greatest effect in increasing productivity growth. More specifically, productivity growth is significantly slowed by the use of temporary instead of permanent workers, whereas there is little difference in productivity growth when replacing permanent with self-employed workers. This result suggests that an increase in the use of temporary workers could have an adverse effect on labor productivity.

Suggested Citation

  • Chung Choe & Koangsung Choi & Jieun Lee, 2018. "Dual Labor Markets and Labor Productivity: Evidence from the OECD countries (in Korean)," Working Papers 2018-38, Economic Research Institute, Bank of Korea.
    • Handle: RePEc:bok:wpaper:1838
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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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