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Does the Minimum Wage Affect Non-wage Workers?

이정민|신동한|전현배
한국경제학회 (The Korean Economic Association)|2024.01|The Korean Economic Review|제40권 제1호|pp. 5-47|DOI 10.22841/kerdoi.2024.40.1.001

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소상공인최저임금Self-employed자영업자Minimum WageSmall BusinessesNon-wage WorkersJob Flows비임금 근로자고용동학
주제분류경제학

초록

Non-wage workers, although not directly subject to the minimum wage laws, can be affected by a minimum wage increase, because labor markets are not segmented between wage and non-wage workers. Using 10-year longitudinal data on the universe of establishments in South Korea, we find that an increase in the minimum wage negatively affects the job growth of non-wage workers and that the largest channel for the effect is job destruction through business closing. The effect is larger in sectors that mainly consist of small businesses and low-skilled workers.

Abstract

Non-wage workers, although not directly subject to the minimum wage laws, can be affected by a minimum wage increase, because labor markets are not segmented between wage and non-wage workers. Using 10-year longitudinal data on the universe of establishments in South Korea, we find that an increase in the minimum wage negatively affects the job growth of non-wage workers and that the largest channel for the effect is job destruction through business closing. The effect is larger in sectors that mainly consist of small businesses and low-skilled workers.

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