Effects of a reduction in hours of work on labor productivity and labor costs in South Korea: Evidence from a regression discontinuity design
This investigation aimed at estimating the effects of a reduction in hours worked on labor productivity and labor costs in South Korea. The treatment effect was measured by using the fuzzy RD design with micro data. The data were taken from the Workplace Panel Survey 2007 conducted by the Korea Labor Institute. The main finding of this study was that the fuzzy RD estimates of the effect of a reduc