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Tag Archives: Labor Economics
Labor Market Effects of the Minimum Wage in South Korea
by Alec Ashforth
Abstract
This paper analyzes survey data from businesses regarding individual worker earnings, hours, and characteristics from 1971 to 1998 in order to estimate the labor market effects of the minimum wage in South Korea. Since the minimum wage was only implemented in manufacturing, construction, and mining industries, we are able to compare earnings and hours of workers in these industries with workers in other industries using both a difference-in-differences and a synthetic control approach. Additionally, we test to see if the minimum wage had heterogeneous effects based on an individual worker’s gender, level of education, experience, and payment period.
Professor Arnaud Maurel, Faculty Advisor
Professor Kent Kimbrough, Faculty Advisor
JEL Codes: J31, J38, O15
Implications of Teacher Tenure on Teacher Quality and Student Performance in North Carolina
By Dana Fenster
This paper examines the relationship between teacher tenure and teacher quality in North Carolina, measured via student performance on the state End of Grade (EOG) standardized tests. After presenting a comprehensive synopsis of the current teacher tenure policy, I use data from the North Carolina Education Research Data Center (NCERDC) to compare demonstrated teacher effectiveness across the tenure bubble, defined as one to eight years of teaching experience within the same district. Ultimately, I find that there is significant jump in average teacher quality at the tenure cutoff, suggesting that tenure policy is effective in retaining high quality teachers while removing those who are ineffective.
Advisor: Hugh MaCartney | JEL Codes: I21, J24, J41, M5 | Tagged: Economics of Education, Labor Economics, Teacher Tenure
