This paper examines whether imposing minimum wage alters the characteristics of new businesses. Applying a difference-in-differences framework to repeated cross-sectional data of new plants, we explore the impact of minimum wage introduction on characteristics of new plants in South Korea. We...

In this paper, we examine the dynamic effect of tobacco control policies on tobacco consumption using the recent implementation of such policies in Korea. The results show that such policies discretely reduce the incidence and amount of tobacco consumptions. We document that after the initial...

This paper examines the empirical magnitude of local human capital spillovers in Korea during the 1980s and mid-1990s. Local human capital spillovers exists if plants in regions with a higher level of human capital can produce more given their own amount of input (Moretti 2004c). In particular,...