Low wages and policy options in the Republic of Korea: are policies working?
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Organización Internacional del Trabajo (OIT)
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| Format: | Artículo científico |
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International Labour Organization
2012
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| _version_ | 1874525271821910016 |
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| author | Tŏk-sun Hwang Byung-Hee Lee |
| author_facet | Tŏk-sun Hwang Byung-Hee Lee Tŏk-sun Hwang Byung-Hee Lee |
| contents | Low wages and policy options in the Republic of Korea: are policies working? Tŏk-sun Hwang Byung-Hee Lee Despite the introduction and expansion of collective bargaining, minimum wages and unemployment and in-work benefits, low pay is increasingly common in the Republic of Korea. This is at odds with much of the literature – including the ILO’s Global Wage Report 2010/11 – which suggests that protective policies will curb low pay. Focusing on the Republic of Korea, the authors examine this intriguing paradox and conclude that while the appropriate policy “menu” was implemented, its effectiveness was limited by incomplete coverage and insufficient benefit levels. They suggest this disappointing situation represents not only a labour market failure, but also a policy failure. 10.1111/j.1564-913X.2012.00147.x DOI https://doi.org/10.1111/j.1564-913X.2012.00147.x publication.journalArticle |
| format | Artículo científico |
| id | ilo_995219335302676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2012 |
| publisher | International Labour Organization |
| spellingShingle | Low wages and policy options in the Republic of Korea: are policies working? Tŏk-sun Hwang Byung-Hee Lee Low wages and policy options in the Republic of Korea: are policies working? Tŏk-sun Hwang Byung-Hee Lee Despite the introduction and expansion of collective bargaining, minimum wages and unemployment and in-work benefits, low pay is increasingly common in the Republic of Korea. This is at odds with much of the literature – including the ILO’s Global Wage Report 2010/11 – which suggests that protective policies will curb low pay. Focusing on the Republic of Korea, the authors examine this intriguing paradox and conclude that while the appropriate policy “menu” was implemented, its effectiveness was limited by incomplete coverage and insufficient benefit levels. They suggest this disappointing situation represents not only a labour market failure, but also a policy failure. 10.1111/j.1564-913X.2012.00147.x DOI https://doi.org/10.1111/j.1564-913X.2012.00147.x publication.journalArticle |
| title | Low wages and policy options in the Republic of Korea: are policies working? |
| url | https://researchrepository.ilo.org/esploro/outputs/journalArticle/Low-wages-and-policy-options-in/995219335302676 |