Abstract

The structural changes in the employment of apartment workers are based on the supply and the demand of the labor. The employment of apartment security guards is influenced by wages or labor costs, and the labor costs are determined according to minimum wage. The purpose of this study is to empirically analyze the impact of the minimum wage on apartment security's employment, wages and working hours. General Linear Model (GLM) and Generalized Estimation Equation (GEE) of regression analysis are applied found on qualitative analysis, including cross-section data of 270 apartments and six-year time series data in Gyeonggi-do. Consequently, the study demonstrates that the security guards' wages do not increase as much as the increase of minimum wages, and management authority selectively responses by reducing the number of security guards or adjusting their working hours. Specifically, the 1% increase in the minimum wage in GLM showed that the number of workers might decrease 0.023 workers per complex and 0.081 workers using GEE. Secondly, concerning the monthly wages of security guards, GLM indicates that an increase in 1% of minimum wage could lead to 0.41~0.74% increase and 0.79% increase based on GEE. Thirdly, GLM and GEE revealed that whenever the monthly minimum wage rises 1%, monthly working hours decrease 0.61~ 0.70 hours and 0.53 hours respectively.

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