Student Archive | Research Series | January-June 2023
Leangchou Ao, Phousovitou Phim, Yout Vathanak Cheat, Eminency Bunradar, Students, Bachelor of Accounting and Finance, CamEd Business School
ABSTRACT
Due to their implications for economic development and social welfare, the Cambodian labor market and wage differentials have been the topic of comprehensive research and analysis. The Cambodian labor market has experienced significant transformations over the past decades, driven by globalization, industrialization, and demographic changes. One notable aspect is the existence of substantial wage differentials across various sectors and occupations within the labor market. Studies consistently highlight the role of education and skills as important determinants of wage differentials in Cambodia. The level of education and the acquisition of specific skills are strongly associated with higher wages and better job prospects. Factors such as gender, age, and location also contribute to wage disparities. Women and older workers face lower wages than their male and younger counterparts, while individuals in rural areas generally make less than those in urban areas. The presence of foreign investment and the influence of the garment industry have also been significant factors affecting wage differentials in Cambodia. However, foreign investment companies have improved working conditions and wages for some workers. Understanding the dynamics of the Cambodian labor market and wage differentials is essential for policymakers, researchers, and stakeholders in promoting inclusive economic growth and reducing income inequality.
Keywords: Wage, differential, inclusive economic growth, wage disparity
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