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This paper provides a first assessment of the causal impact of the 2018-2021 reform in Korea meant to combat its long working-hour culture. The reform consists of lowering the statutory limit on total weekly working hours from 68 to 52. We apply a difference-in-difference approach in which we...
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can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we consider the … impact of uncertainty and real options on the decision of working time, i.e. we examines the determinants of employment and …
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. On average, the number of hours worked in more affected sectors fell, hourly wages rose, while employment did not …
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employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …
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employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …
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