Browse

Minimum Wage and Firm Investment Behavior: International Evidence : 최저임금과 기업투자활동에 대한 국가 간 비교 연구

Cited 0 time in Web of Science Cited 0 time in Scopus
Authors

손상우

Advisor
이우종
Major
경영대학 경영학과
Issue Date
2018-02
Publisher
서울대학교 대학원
Keywords
minimum wageinvestmentemploymentcapital-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
URI
https://hdl.handle.net/10371/141271
Files in This Item:
Appears in Collections:
College of Business Administration/Business School (경영대학/대학원)Dept. of Business Administration (경영학과)Theses (Master's Degree_경영학과)
  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Browse