고용조정의 선행요인에 관한 실증연구

An Empirical Analysis on Determinants of Employment Adjustment Na, In-Gang This paper investigates empirically the determinants of firm's employment adjustment decisions such as layoffs and voluntary retirement programs in economic perspective, using 1st KLI panel data. It is hypothesized that economic factors, perception for innovative products, programs for managerial improvement, and firm's characteristics will affect the employment adjustment decisions. It is found that economic factors affect the decision of layoffs but do not affect that of voluntary retirement. This finding implies that the employment adjustment in Korea is implemented in the mixed form of reactive basis and proactive one. And it is also found that programs for managerial improvement and firm's characteristics affect the decision of employment adjustment, partially. Other important determinants of employment adjustment are labor-management relations, an team system as control variables. Finally, it is noted that the role of union is not affecting the decision of layoffs or voluntary retirement and that both the choice of two employment adjustment methods are dependent on the previous employment adjustment method which the firm had implemented.