| 초록 |
Despite of the fact that a rapid increase of minimum wage would bring huge impacts on an agricultural production sector, a study focused on the impacts of minimum wage increase on an agricultural production sector has not been done. In this study, we analyze the welfare effects of minimum wage increase in an agricultural production sector by using a stochastic equilibrium displacement model. The estimation results show that a notable effect would not take place in agricultural output market, however, the production factor market would absorb the impacts of minimum wage increase. In 2020, it is estimated that the total surplus change of the economic participants in agricultural production factor markets will be about -204.8 billion won and a majorpart of the impacts is shifted to farmers, whose surplus change is estimated to be about -138.9 billion won.
|
