Next Article in Journal
Adoption and Use of Low-Carbon Technologies: Lessons from 100 Finnish Pilot Studies, Field Experiments and Demonstrations
Previous Article in Journal
Sustopia or Cosmopolis? A Critical Reflection on the Sustainable City
Article Menu
Issue 5 (May) cover image

Export Article

Open AccessArticle
Sustainability 2017, 9(5), 849; doi:10.3390/su9050849

Effect of Work-Family Balance Policy on Job Selection and Social Sustainability: The Case of South Korea

1
Department of Industrial Engineering, Konkuk University, Gwangjin-gu, Seoul 143-701, Korea
2
Department of Advanced Industry Fusion, Konkuk University, Gwangjin-gu, Seoul 143-701, Korea
*
Author to whom correspondence should be addressed.
Academic Editor: Giuseppe Ioppolo
Received: 3 February 2017 / Revised: 8 May 2017 / Accepted: 15 May 2017 / Published: 18 May 2017
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
View Full-Text   |   Download PDF [268 KB, uploaded 18 May 2017]

Abstract

South Korea needs to actively implement work-family balance policies to increase both the low employment rate of women and the low total fertility rate. This study analyzes the quantitative benefits that the implementation of work-family balance policies provides to employees and employers. We conducted a choice experiment that asked 633 participants about their stated preferences for a hypothetical company with different work-family balance practices. The analysis was performed by using a hierarchical Bayesian model that considered preference heterogeneity according to the respondents’ characteristics. The results indicate that the availability of parental leave provides benefits equivalent to an increase of 5.80 million won in annual salary and that offering childcare in the workplace has an effect equivalent to an increase of 5.37 million won in annual salary. Further, low-income groups, women, the younger generation, and parents of preschool children are most sensitive to the policy. Finally, small and medium-sized enterprises are less desirable to work for than large companies, but the implementation of work-family balance policies could change this preference. View Full-Text
Keywords: work-family balance policy; South Korea; job selection; choice experiment; hierarchical Bayesian model work-family balance policy; South Korea; job selection; choice experiment; hierarchical Bayesian model
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

Scifeed alert for new publications

Never miss any articles matching your research from any publisher
  • Get alerts for new papers matching your research
  • Find out the new papers from selected authors
  • Updated daily for 49'000+ journals and 6000+ publishers
  • Define your Scifeed now

SciFeed Share & Cite This Article

MDPI and ACS Style

Yoo, W.-J.; Oh, I. Effect of Work-Family Balance Policy on Job Selection and Social Sustainability: The Case of South Korea. Sustainability 2017, 9, 849.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top