Abstract
A stable supply of seafarers is an important issue for Korean maritime industries and related business activities. After four years of their role on a ship, Korean maritime officers are increasingly being separated from their fellow sailors. The present paper reviews the trend and characteristics in the separation rate of maritime officers, and examines the main factors affecting the separation rate through panel data models. The paper collects the panel data of maritime officers from 2007 to 2014. The main results of panel data models show us that the separation rate is affected mainly by the duration (period) after graduation. The unemployment rate in all industries and the relative wage level of seafarers affect negatively the separation rate. The dummy variable for the completion year of military services shows positive coefficients. We can conclude that the labour market of seafarers is affected by the employment situation in all industries.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of e-Navigation and Maritime Economy
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
