Labor Market Behavior in the Republic of Korea PDF Download
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Author: David L. Lindauer
Publisher:
ISBN:
Category : Compensation management
Languages : en
Pages : 46
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Book Description
Author: David L. Lindauer
Publisher:
ISBN:
Category : Compensation management
Languages : en
Pages : 46
Get Book Here
Book Description
Author: David L. Lindauer
Publisher:
ISBN: 9780821303801
Category : Compensation management
Languages : en
Pages : 440
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Book Description
Author: Mai Dao
Publisher: International Monetary Fund
ISBN: 1498347924
Category : Business & Economics
Languages : en
Pages : 20
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Book Description
While the Korean unemployment rates are currently among the lowest in OECD countries, the labor market duality and the underemployment in some segments of the population are important labor market challenges, and factors contributing to lower potential growth. The paper shows the benefits of comprehensive policy reforms aimed at increasing labor force participation and youth employment and reducing duality are likely to be considerable in the medium term.
Author: Johanna Schauer
Publisher: International Monetary Fund
ISBN: 1484357930
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
Labor market duality is a complex and critical issue for many countries that can lower productivity, contribute to inequality and result in negative externalities. In this paper, I study duality in the Korean labor market and analyze its sources and potential policy options. I find that employment protection legislations and large productivity differentials are the key drivers of Korea’s duality. In addition, applying a general equilibrium search-and-matching model and calibrating it to the Korean economy, I show that well-calibrated flexicurity policies can significantly reduce duality and inequality and raise welfare and productivity. Notably, the introduction of all three pillars—flexiblity, a strong safety net and active labor market policies—is critical for its success. If only one pillar is introduced it can result in negative side-effects and might not reduce duality.
Author: Dipak Mazumdar
Publisher: World Bank Publications
ISBN:
Category : Corea - Condiciones economicas
Languages : en
Pages : 59
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Book Description
Korea's ability to keep the economy from going off the rails has been as remarkable as its achievement of high long- run growth rates. The key to the success of Korea's labor policy - state guidelines limited the wage increases under structural adjustment - was the high rate of total factor productivity growth.
Author: Mr.Niels-Jakob H Hansen
Publisher: International Monetary Fund
ISBN: 1513508342
Category : Business & Economics
Languages : en
Pages : 23
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Book Description
Output gap estimates are widely used to inform macroeconomic policy decisions, including in Korea. The main determinant of these estimates is the measure of labor market slack. The traditional measure of unemployment in Korea yields an incomplete estimate of labor market slack, given that many workers prefer involuntary part-time jobs or leaving the labor force rather than registering as unemployed. This paper discusses a way in which the measure of unemployment can be broadened to yield a more accurate measure of labor market slack. This broader measure is then used to estimate the output gap using a multivariate filter, yielding a more meaningful measure of the output gap.
Author: Stella Tam
Publisher: International Monetary Fund
ISBN:
Category :
Languages : en
Pages : 25
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Book Description
This paper examines structural challenges facing the Korean labor market and analyzes the macroeconomic effects of potential labor market reforms. Our cross-country empirical analysis finds that easing of employment protection legislation tends to have positive macroeconmic effects during periods of strong growth but could turn contractionary in periods of slack. By contrast, increased spending on active labor market policies and reductions to the labor tax wedge tend to be more effective in periods of slack. Our analysis thus highlights the importance of considering economic and policy conditions when designing labor market reforms. Under the current disinflationary policy stance, the government’s focus on the working hour reform seems appriorate. With growth recovering, deregulation to reduce employment protection for regular workers can also be considered, combined with targeted support to vulnerable groups.
Author: Choongsoo Kim
Publisher:
ISBN:
Category :
Languages : en
Pages : 68
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Book Description
Author: Susan Horton
Publisher: World Bank Publications
ISBN: 9780821326817
Category : Labor market
Languages : en
Pages : 584
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Book Description
Author:
Publisher: Organisation for Economic Co-Operation and Development
ISBN:
Category : Business & Economics
Languages : en
Pages : 184
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Book Description
This book shows that government labour and social policies, together with improved basic workers' rights, helped minimise the costs of Korea's economic and financial crisis while also contributing to overcome it.
