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When Migrant Workers Disappeared, Korean Firms and Workers Struggled

Jongkwan Lee, Giovanni Peri and Hee-Seung Yang
In new research, Jongkwan Lee, Giovanni Peri, and Hee-Seung Yang assess the effects of a sudden reduction in immigrant workers in South Korea. They find that migrant workers were not easily replaceable by natives, resulting in operational disruptions and firm closures.

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