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College of Business Administration/Business School (경영대학/대학원)
Dept. of Business Administration (경영학과)
Theses (Master's Degree_경영학과)
Minimum Wage and Firm Investment Behavior: International Evidence : 최저임금과 기업투자활동에 대한 국가 간 비교 연구
- Authors
- Advisor
- 이우종
- Major
- 경영대학 경영학과
- Issue Date
- 2018-02
- Publisher
- 서울대학교 대학원
- Keywords
- minimum wage ; investment ; employment ; capital-labor substitution
- Description
- 학위논문 (석사)-- 서울대학교 대학원 : 경영대학 경영학과, 2018. 2. 이우종.
- Abstract
- I examine the relation between relative minimum wage level and firm investment behavior using the comprehensive firm-level data of companies listed in OECD countries. I find that relative minimum wage level is positively related to the level of investment, but only so for the capital component of the corporate investment account. I do not find the effect of higher relative minimum wage level on corporate labor investments, but document that the level significantly weakens the complementarity of labor and capital as factors of firm production. My results suggest that minimum wage regulations play an important role in firm investment behavior in both capital and labor dimensions.
- Language
- English
- Files in This Item:
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