노동시장에 대한 경제학적 접근 : 최저임금이 근로빈곤 탈출에 미치는 효과 = The Effects of The Minimum Wage On Working Poor`s Poverty-Exit Possibility

다국어 초록 (Multilingual Abstract)

This paper explores whether or not a minimum wage increase can do much to alleviate working poor. For this purpose, I analyze transitions from working poor to working non-poor and to unemployment or non-economically active states, using KLIPS (Korea Labor and Income Panel Study). This study uses the multilevel multinomial logit model to control unobserved individual heterogenous characteristics. It finds that a minimum wage increase tends to cause a higher probability of transitions from working poor to working non-poor. It is also discovered that a minimum wage increase is not negatively related with the persistence of the working state. It is concluded that minimum wage increases are likely to be effective in improving the living standards of the ``working poor``.