52 Hour Work Week Law and Cost Stickiness : Evidence from Korea
- 주제(키워드) 52 Hour Work Week , Cost Stickiness , Difference in Differences
- 주제(DDC) 658
- 발행기관 아주대학교 일반대학원
- 지도교수 김상일
- 발행년도 2024
- 학위수여년월 2024. 8
- 학위명 석사
- 학과 및 전공 일반대학원 경영학과
- 실제URI http://www.dcollection.net/handler/ajou/000000034018
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
Korean government announce the 52 Hour Work Week (52 HWW) Law in 2018, which decreases the weekly maximum work hours from 68 to 52. Through the use of the difference-in-differences methodology, this study explores the impact of reduced working hours under the 52-hour workweek policy on cost stickiness. Utilizing Korean data from 2017 to 2020, I find that the 52 HWW increases cost stickiness. This is because, in the post-52 HWW period, firms are not as inclined to lay off employees, when their sales drop. This ultimately suggests that the 52 HWW causes management inefficiency.
more목차
1. Introduction 1
2. Literature review and hypothesis development 3
2.1. Regulation background 3
2.2. Literature review and hypothesis development 6
3. Sample and analyzing models 11
3.1. Sample selection 11
3.2. Empirical analysis models 11
4. Empirical results 13
4.1. Univariate results 13
4.2. Main results 14
4.3. Robustness tests 17
4.4. Additional analyses 19
4.4.1. Alternative measures of costs 19
4.4.2. Alternative measure of Treat 20
4.5. Subsample analyses 22
5. Conclusion 27
