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Job reallocation in Korean manufacturing: 1984–2014
Journal of Asian Economics ( IF 2.681 ) Pub Date : 2021-03-23 , DOI: 10.1016/j.asieco.2021.101295
Changkeun Lee , Cheongyeon Won

This paper investigates the patterns of job reallocation in Korean manufacturing during the period 1984–2014. Utilizing establishment-level data from the Mining and Manufacturing Survey, we construct job flow measures and document the trend of job reallocation and test its efficiency. We first find that the pace of job reallocation has diminished since the Asian Financial Crisis. Although jobs were reallocated from less productive to more productive establishments overall, we find that the productivity-enhancing effect has also diminished over time. Although recessions are known to be periods of intense reallocation and restructuring, job reallocation was not particularly more efficient during recessions in Korea. It even decreased during the Great Recession of 2008 because the exit probability of low-TFP establishments was reduced.



中文翻译:

韩国制造业中的工作再分配:1984年至2014年

本文研究了1984-2014年韩国制造业的工作分配模式。利用“采矿和制造业调查”中的企业级数据,我们构建了工作流程测度,并记录了工作重新分配的趋势,并测试了其效率。我们首先发现,自亚洲金融危机以来,工作调动的步伐已经减弱。尽管总体上将工作岗位从生产率较低的机构重新分配到生产率较高的机构,但我们发现,随着时间的流逝,提高生产率的作用也减弱了。尽管众所周知,经济衰退时期是激烈的重新分配和重组时期,但在韩国经济衰退期间,工作重新分配并不是特别有效。在2008年的大衰退期间,这一数字甚至有所下降,因为低TFP机构退出的可能性降低了。

更新日期:2021-04-08
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