최저임금 상승이 고용에 미치는 영향 분석: 청년층과 중장년층의 비교

This study analyzed the impact of the minimum wage increase on employment by comparing the young and senior workers. Theoretically, introducing a minimum wage in a competitive labor market would result in excess labor supply and a decrease in social employment levels. Although many previous studies have produced various conclusions regarding the employment effects of the minimum wage, it is hard to find any research that focuses on how jobs are socially re-distributed. Therefore, this study focused on who is out of the labor market due to the shortage of jobs caused by minimum wage. As a result of the empirical analysis on the probability of participation in labor market and employment between 2015 and 2016, which is considered to have had the quite big effect on the minimum wage increase, the young people are more likely to leave labor market and employment status Respectively. This shows that, despite the intention to maintain human dignity, the minimum wage system can create another social equity problem due to lack of jobs. The results of this study suggest that it is necessary to complement the role of social conflict management by recognizing that the redistribution of jobs may arise in operating the minimum wage system.