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Global value chains and the skill-biased effects on wages in Korea

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Frame of Image rgued that employment and wages in many developed countries were recently polarized, which means that international competition due
Global Value Chains and the Skill-biased Effects on Wages in Korea1 )
studies have pointed out that deepening of GVCs has more detrimental effects on the low-skilled group, though the size of the effect was controversial. The OECD (2015) argued that a skill-biased effect on wages was not that large, and it was also associated with the type ) of engagement of GVC participation.2 If the skill levels are divided by three – high-skilled, medium-skilled, and low-skilled groups – then the direction of the skill-biased to globalization has targeted primarily medi) um-skilled labor.3 Low-skilled jobs, such as cleaning or nursing care services, are relatively difficult to off-shore, since those jobs are offered on a person-to-person basis. However, technology development and its impact on GVCs have intensified in recent years, and the negative impact on low-skilled workers is ) more significant.4 This study analyzes the skill-biased effect
1) This article heavily refers to the research project, Global value chains and workforce policy (Heeseon Choi et al., published in Korean, 2015). 2) OECD (2015) argued that although GVCs can play a role in determining wage inequality, this role was relatively small and at times it can even be positive. However, the type of engagement in GVCs mattered. Offshoring low-skilled tasks was associated with reductions in wage


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Title Global value chains and the skill-biased effects on wages in Korea
Similar Titles
Material Type Articles
Author(English)

Choi, Heeseon

Publisher

Sejong:Korea Institute for Industrial Economics and Trade

Date 2016
Journal Title; Vol./Issue KIET Industrial Economic Review:Vol. 21(No. 1)
Pages 13
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic System
Social Development < Employment
Holding Korea Institute for Industrial Economics and Trade