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South Korean Labor Market Discrimination Against Women: Estimating Its Cost

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  • Elizabeth Monk‐Turner
  • Charlie G. Turner

Abstract

. South Korean chaebols (large family owned firms) have extensive government ties which provide them with favorable treatment. In turn, the government obtains support from the chaebols. The chaebols have gained economic or excess profits through exploiting monopolistic power in the domestic South Korean product market and through exploiting monopsonistic power in the domestic factor market. How a monopsonistic firm obtains excess profits is illustrated and related to the behavior of the chaebols as a whole. Major focus is on the labor market. The chaebols have discretionary power over how to exploit their monopsonistic position. The status of women in the South Korean work force in light of this discretionary power is considered. An estimate of the income loss involved is made.

Suggested Citation

  • Elizabeth Monk‐Turner & Charlie G. Turner, 1994. "South Korean Labor Market Discrimination Against Women: Estimating Its Cost," American Journal of Economics and Sociology, Wiley Blackwell, vol. 53(4), pages 433-442, October.
    • Handle: RePEc:bla:ajecsc:v:53:y:1994:i:4:p:433-442
    DOI: 10.1111/j.1536-7150.1994.tb02615.x
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    Cited by:

    1. Jr-Tsung Huang, 2007. "Labor force participation and juvenile delinquency in Taiwan: a time series analysis," Journal of Family and Economic Issues, Springer, vol. 28(1), pages 137-150, March.
    2. Monk-Turner, Elizabeth & Turner, Charlie, 2004. "The gender wage gap in South Korea: how much has changed in 10 years?," Journal of Asian Economics, Elsevier, vol. 15(2), pages 415-424, April.
    3. Hyunjoon Park, 2013. "The Transition to Adulthood among Korean Youths," The ANNALS of the American Academy of Political and Social Science, , vol. 646(1), pages 129-148, March.
    4. Elizabeth Monk-Turner & Charlie Turner, 2001. "Sex Differentials in Earnings in the South Korean Labor Market," Feminist Economics, Taylor & Francis Journals, vol. 7(1), pages 63-78.
    5. Seung-Sup Kim & David R Williams, 2012. "Perceived Discrimination and Self-Rated Health in South Korea: A Nationally Representative Survey," PLOS ONE, Public Library of Science, vol. 7(1), pages 1-8, January.

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