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Bonuses, overtime, and employment : Korea vs. Japan

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  • Bonuses, overtime, and employment
  • Ito, Takatoshi; Kang, Kyoungsik
  • National Bureau of Economic Researc


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Title Bonuses, overtime, and employment
Similar Titles
Sub Title

Korea vs. Japan

Material Type Reports
Author(English)

Ito, Takatoshi; Kang, Kyoungsik

Publisher

Cambridge:National Bureau of Economic Researc

Date 1989-06
Series Title; No NBER Working Paper Series / 3012
Pages 40
Subject Country Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Social Development < Employment
Holding National Bureau of Economic Research

Abstract

This paper examined the bonus and wage behavior in Korea. We found that both bonuses and wages in Korea respond to economic conditions much more than their counterparts in Japan. This finding may reflect the fact that the Korean labor market is much closer to a spot market rather than a long-term contract (lifetime employment) market. Hence the bonus/wage ratio is apparently insensitive to economic conditions in Korea, unlike in Japan (Freemand and Weitzinan). When "overtime" component of the wage is separately examined, it responds to economic conditions less than bonuses but more than base wages.