Artists' labor supply behavior for multiple job holding: evidence from Korea. Issue 2 (3rd April 2019)

• Record Type: Journal Article
• Authors: Yoon, Suyoung; Heo, Shik
• Is Part Of: Journal of the Asia Pacific economy. Volume 24:Issue 2(2019)
• Page Start: 165
• Page End: 181
• Publication Date: 2019-04-03
• Subjects: Korean artists -- multiple job holding -- work-preference model -- seemingly unrelated regression -- three stage least square estimation; Z10 -- Z11 -- J22; Asia -- Economic conditions -- 1945- -- Periodicals; Pacific Area -- Economic conditions -- Periodicals; Asia -- Economic integration -- Periodicals; Pacific Area -- Economic integration -- Periodicals; 330.95
• DOI: 10.1080/13547860.2019.1581320
• Languages: English
• ISSNs: 1354-7860

Abstract

Abstract: This article tests whether the labor supply behavior for Korean artists holding multiple jobs is consistent with the prediction of the work-preference model suggested by Throsby. Specifically, we break artists down into performing artists and creative artists and compare the difference in the labor supply behavior, adding control variables for economic incentives and artistic reputation. Our result shows that the work-preference model is not completely supported by Korean artists engaged in multiple job holding, and is more likely to be consistent with creative artists than with performers. Furthermore, for economic incentives, artists faced with the increasing income of household members decrease both art and non-art work hours, while most artists who receive subsidies increase their art work hours, with the exception of creative artists. As for artistic reputation, experience in international artistic activities and holding copyright leads to more time allocation for art work.