IDEAS home Printed from https://ideas.repec.org/a/wly/jpamgt/v38y2019i3p681-705.html
   My bibliography  Save this article

When Less is More: The Impact of the Regulation on Standard Workweek on Labor Productivity in South Korea

Author

Listed:
  • WooRam Park
  • Yoonsoo Park

Abstract

This paper examines the impact of a workweek reduction policy on the labor productivity of manufacturing plants in Korea. Taking advantage of the stepwise introduction of the standard 40‐hour workweek in Korea, we apply a difference‐in‐differences framework to individual‐level cross‐sectional and plant‐level longitudinal data to examine the impact of the policy on working hours and output, respectively. We find that the policy reduced per‐worker hours but increased per‐worker output, which is robust to various specifications and sample restrictions. The observed increase in per‐worker output is likely to be mediated through the increase in the total factor productivity and the amount of capital stock.

Suggested Citation

  • WooRam Park & Yoonsoo Park, 2019. "When Less is More: The Impact of the Regulation on Standard Workweek on Labor Productivity in South Korea," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 38(3), pages 681-705, June.
    • Handle: RePEc:wly:jpamgt:v:38:y:2019:i:3:p:681-705
    DOI: 10.1002/pam.22136
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/pam.22136
    Download Restriction: no
    File URL: https://libkey.io/10.1002/pam.22136?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kentaro Asai, 2022. "Working Hour Reform, Labor Demand and Productivity," PSE Working Papers halshs-03728157, HAL.
    2. Tai Lee, 2022. "The Impact of Employment Protection on the Probability of Job Separation: Evidence from Job Duration Data in South Korea," Journal of Labor Research, Springer, vol. 43(3), pages 369-414, December.
    3. Kentaro Asai, 2022. "Working Hour Reform, Labor Demand and Productivity," Working Papers halshs-03728157, HAL.
    4. Taehyun Ahn, 2022. "Workweek reduction and women's job turnover: Evidence from labor legislation in South Korea," Economic Inquiry, Western Economic Association International, vol. 60(4), pages 1607-1625, October.
    5. Hyuncheol Bryant Kim & Hyunseob Kim & John Zhu, 2022. "The Selection Effects of Part-Time Work: Experimental Evidence from a Large-Scale Recruitment Drive," Working Paper Series WP 2022-51, Federal Reserve Bank of Chicago.
    6. Stéphane Carcillo & Alexander Hijzen & Stefan Thewissen, 2024. "The limitations of overtime limits to reduce long working hours: Evidence from the 2018 to 2021 working time reform in Korea," British Journal of Industrial Relations, London School of Economics, vol. 62(1), pages 98-126, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:jpamgt:v:38:y:2019:i:3:p:681-705. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/journal/34787/home .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.