Average weekly working hours in most industrialized economies have displayed steady declines since the 1970s. Changes in working hours may have two contrasting effects on hourly productivity: a "fatigue effect" and a "learning effect." An increase in working hours may lead to the accumulation of...

Korean Abstract: 2000년대 들어 우리나라의 노동생산성 증가율이 산업 전반에 걸쳐 빠르게 둔화되고 있으며 이로 인해 경제성장률도 낮아지고 있다. 노동생산성 수준을 보면 제조업은 선진국과의 격차가 꾸준히 감소하고 있으나...

This paper investigates why household debt in Korea has increased so rapidly over the past decade and whether it is sustainable, adopting a multi-faceted approach which includes a time series analysis, a quantitative analysis based on household panel data, and an analysis using a debt dynamics...

Pacific island countries are highly vulnerable to various natural disasters which are destructive, unpredictable and occur frequently. The frequency and scale of these shocks heightens the importance of medium-term economic and fiscal planning to minimize the adverse impact of disasters on...

In recent decades, the level and growth rate of minimum wages have risen markedly in many advanced countries, which, in turn, raises concerns about potential adverse impacts on employment. This study reassesses the employment effect of minimum wage hikes by exploitingindustry-level heterogeneity...

Korean Abstract: 본 연구는 우리나라의 산업별 규제지수를 추계하고 이를 이용하여 패널공적분 검정과 패널공적분 벡터 추정을 통해 규제가 산업별 노동생산성에 미치는 영향을 분석하였다. 패널공적분 검정에서 산업별...