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New evidence on the Korean wage curve

By Seonyoung Park and Donggyun Shin

Abstract

Our new empirical evidence suggests that wages are substantially flexible in South Korea. In particular, our longitudinal evidence on the wage curve follows the minus-point-one rule, set up by Blanchflower and Oswald (1994) and is consistent with evidence from other countries.

DOI identifier: 10.1080/13504850600706321
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