Abstract
This study empirically analyzes how working hour reduction affects corporate traininginvestment, utilizing the 2nd~4th waves of Workplace Panel Survey Data. Two hypothesesand an exploratory research question regarding the training investment effects of shorter hourreduction such as actual working hour, the adoption of 40-hour workweek, and the yearspassed since the adoption of 40-hour workweek are drawn from cost-benefit analyses ofcorporate training. Employed are fixed effect models and random effect tobit models whosedependent variables are training hour. The results of this study indicate that the length ofactual working hour has a significantly negative effect on training hour, and that theadoption of 40-hour workweek has a significantly positive effect on training hour. Theresults also indicate that the years passed since the adoption of 40-hour workweek hasweakly significantly inverted U-shaped effects on training hour. Finally the results aresummarized, and their practical implications are discussed.
Translated title of the contribution | 40-Hour Workweek and Corporate Training Investment |
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Original language | Korean |
Pages (from-to) | 27-46 |
Number of pages | 20 |
Journal | 산업관계연구 |
Volume | 25 |
Issue number | 1 |
State | Published - Mar 2015 |