
KCI등재
학술저널
Globalization and Labor Force Participation
Globalization and Labor Force Participation
- Stacie Beck Soodong Park
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제33권 제3호
- 등재여부 : KCI등재
- 2018.09
- 433 - 465 (33 pages)
This study finds evidence that globalization depresses labor force participation via social spending and tax policy. We estimate a panel Vector Auto Regression model on data over the period of 1980~2012 from the 26 OECD countries. Social spending has increased, consistent with the compensation hypothesis, while labor income taxes have risen relative to capital income taxes, consistent with tax competition hypothesis. As a result, one can see the reduction of labor force participation. Social safety nets and tax policies need to be streamlined upon globalization.
Ⅰ. Introduction
Ⅱ. Background
Ⅲ. Data Collection
Ⅳ. Model Construction
Ⅴ. Empirical Results
Ⅵ. Conclusion