This paper investigates the impact of the effective minimum wage, defined as the log difference between the minimum and the median wages, on wage inequalities in the OECD countries. Unlike the previous studies that focus on single countries in which the minimum wage has no cross-sectional...

In the 1990s the world witnessed the Information Technology (IT) revolution, which entirely changed the paradigm of the global economy. IT has since continued to develop and mobile platforms have become one of the most important markets, represented by the rise in e-commerce and the sharing...

Donald Trump was elected as the 45th President of the United States of America following the election held on November 18, 2016. Wielding the campaign slogan of "Make America Great Again," he promised to bring back jobs to the U.S. and reduce inequality for blue-collar white Americans, the main...

(Korean Abstract) 최근의 다양한 경제·통상 이슈에 대한 대응뿐만 아니라 각 이슈별로도 국제사회에서의 협력 방안을 마련하기 위해 글로벌 차원의 논의가 미국을 중심으로 이루어지고 있다. 이에 본 연구에서는 미국이...

Background: Reduction of under-five year mortality rate by two-thirds by 2015 compared to 1990 level has been adopted as Target 4A in the Millennium Development Goals. Since infant deaths account for over seventy percents of under-five year mortality, the same two-thirds reduction Target of...

Last year marked the tenth anniversary of the Free Trade Agreement (FTA) between the European Union (EU) and Korea, which entered into force in 2011. The EU is the world's largest economy and Korea's third largest trade partner, only after China and the United States. Back when the FTA...

The UK voters' decision to leave the European Union (EU) despite the near-unanimous warnings of economists sparked serious concerns about the spread of populism in major EU countries. Today's populists in major EU countries pit people against elites and "others," and present themselves as...

Employment in the public and social services sector is on a rising trend in Korea, in terms not only of the number of jobs, but also of the share of these jobs within the whole economy. The latest data suggests that this sector could soon account for more than 20% of total employment.This trend...

Immigration is one of the factors often considered as the causes of Brexit. Researchers find evidences that regions with more immigrants from the new member states of the European Union (EU hereinafter) in eastern Europe tended to vote more in favor of Brexit in the 2016 referendum. Similar...