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Labor Market Rigidity at Home and Multinational Corporations' Flexible Task Reallocation Abroad

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An unprecedented regime change following the 2017 presidential impeachment led to a dramatic shift to more rigid labor market policies in the Republic of Korea, represented by consecutive double-digit hikes in the minimum wage in the next two years. Using a firm-level data set with detailed...

Persistent link: https://www.econbiz.de/10013413765