한국의 산업간 노동이동과 노동생산성 변화 분석

This paper analyzes the changes in labor mobility and labor productivity in Korea between 1974 and 2014. The results are summarized as follows. First, labor productivity in manufacturing has been higher than that in service since the 1990s. In 2014, manufacturing labor productivity is more than twice than that of the service industry. Second, among factors which affects the increase of labor productivity, structural change factors is gradually decreasing and the within component is increasing. The proportion of structural change factors is greater in the service industry than in other industries. Third, Korea's labor mobility is gradually declining. In addition, labor is shifting from manufacturing to service industry, where labor productivity is lower than in manufacturing. Moreover, even within the service industry, labor is shifting to low-productivity sectors such as construction, wholesale, and public administration. The regression results also show that labor moves to the lower wage sectors and lower labor productivity sectors in service industry. Our analysis show that stylized facts in inter-sectoral labor mobility are one of factors which can explain the recent slowdown of the labor productivity growth in Korea.