Economic development and its impact on occupational grouping structure in Korea 1971-1990

By utilizing occupational wage data in Korea, this paper attempted to find major determinants of occupational wage performance of occupational groups with a combination of cluster and discriminant analysis. This research yiel ded three major determinants (annual investment, credit availability, and u ncovered interest parity) which were also major determinants in a previousl y undertaken industrial wage analysis. With these major factors, interpreta tions gleaned from this research confirm research findings from previous re search in economics. (C) 2001 Elsevier Science Inc.