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Determination of the General Wage Level
SUPPLY OF LABOR
DEMAND FOR LABOR
9 other sections not shown
age-earnings profile agriculture average characteristics CN CN CN coefficients costs dependent variable Development dualism dummy earnings function earnings-function Economic educational attainment effect employees employment function equation estimated experience Faedu family background female workers Gini coefficient groups high school higher wages human capital variables hypothesis important income distribution increased individual investment Japan Korea Development Institute Korea University Korean labor market Labor Economics labor force labor mobility large sector large-scale firms large-scale industry large-scale sector LDCs linear probability model loans male workers marginal migrants million monthly Neo-Classical price of labor production workers rate of return reduced form regression relatively rural sample selectivity bias Seoul Seoul National University skills small sector small-scale firms small-scale industry South Korea South Korean economy South Korean labor starting wage Statistics substantial supply price Table tend wage determination wage level wage setting wage structure World Bank