Labor Market Duality In Korea
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Author | : Johanna Schauer |
Publisher | : International Monetary Fund |
Total Pages | : 36 |
Release | : 2018-06-01 |
Genre | : Business & Economics |
ISBN | : 1484357930 |
Download Labor Market Duality in Korea Book in PDF, Epub and Kindle
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 | : David Grubb |
Publisher | : |
Total Pages | : 87 |
Release | : 2007 |
Genre | : |
ISBN | : |
Download Addressing Labour Market Duality in Korea Book in PDF, Epub and Kindle
Author | : Mai Dao |
Publisher | : International Monetary Fund |
Total Pages | : 20 |
Release | : 2014-07-25 |
Genre | : Business & Economics |
ISBN | : 1498347924 |
Download Strategies for Reforming Korea’s Labor Market to Foster Growth Book in PDF, Epub and Kindle
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 | : |
Publisher | : |
Total Pages | : |
Release | : 2007 |
Genre | : |
ISBN | : |
Download Addressing Labour Market Duality in Korea Book in PDF, Epub and Kindle
Author | : Johanna Schauer |
Publisher | : International Monetary Fund |
Total Pages | : 36 |
Release | : 2018-06-01 |
Genre | : Business & Economics |
ISBN | : 1484360915 |
Download Labor Market Duality in Korea Book in PDF, Epub and Kindle
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 | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 166 |
Release | : 2018-03-14 |
Genre | : |
ISBN | : 9264288252 |
Download Connecting People with Jobs Towards Better Social and Employment Security in Korea Book in PDF, Epub and Kindle
This report has a special focus on low-income groups, jobseekers and workers, and policies geared towards closing the considerable gaps these groups are facing around income and employment support in Korea. It concludes that significant additional action will be needed to make income...
Author | : Sungyup Chung |
Publisher | : |
Total Pages | : 34 |
Release | : 2016 |
Genre | : |
ISBN | : |
Download Testing the Labor Market Dualism in Korea Book in PDF, Epub and Kindle
The existence of the dual labor market in Korea is tested under the two different definitions of the labor market dualism. First, the estimation results from widely used tools such as Heckman's sample selection model support the existence of two wage equations, advocating the presence of labor market dualism in Korea. Second, the labor market dualism index suggested by Hudson (2007) supports that there is some degree of bifurcation between the good job conditions and bad job conditions.
Author | : Hoon Choi |
Publisher | : |
Total Pages | : 131 |
Release | : 2018 |
Genre | : |
ISBN | : |
Download Essays in Labor and Education Economics in Korea Book in PDF, Epub and Kindle
This thesis provides an analysis of the problems associated with the dual labor market structure and credentialism in Korea. In Chapter 2, I evaluate the effectiveness of an education policy in Korea that regulates operating hours of private tutoring academies, called hagwon, to reduce private tutoring consumption. Since 2009, 16 provincial education offices have placed a restriction on operating hours of hagwon in their ordinances. Since then, some regions have strengthened their initial curfew while the others have maintained the initial curfew. We take advantage of these shifts to identify the treatment effect by using a difference-in-differences estimation. Our findings suggest that strengthening the curfew does not generate a significant reduction in the time and money spent on private tutoring. High school students increased their consumption of alternative forms of private tutoring when their consumption on hagwon type tutoring had to be limited. Chapter 3 examines whether and how labor market duality can be alleviated through legislation that prohibits discrimination based on employment type. In 2007, the Korean government undertook a labor reform banning discriminatory treatment against fixed-term, part-time, and dispatched workers. By exploiting a gradual implementation of the anti- discrimination law by firm size targeting a subset of non-regular workers, I identify the treatment effects of the anti-discrimination law, taking a difference-in-difference-in- differences approach. The results suggest that the anti-discrimination law leads to significant increases in hourly wages and the probabilities of being covered by national pension, health insurance, and employment insurance for targeted non-regular workers in small firms, relative to other workers. The presence of labor unions contributes to reducing gaps in labor conditions between regular and targeted non-regular workers. Chapter 4 studies the union wage premium in Korea. We disentangle the overall union wage effect into the heterogeneous effects by taking different types of non-members groups into consideration. The results show that voluntary non-members experience a marginal wage penalty while the wage penalty for involuntary non-members is substantial. The evidence from quantile regression indicates that wage premium is the highest at the lower decile and is the lowest at the higher decile in the public sector.
Author | : Kim Sunghoon |
Publisher | : University Press of America |
Total Pages | : 146 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 9780761830764 |
Download Internal Labor Markets and Employment Transitions in South Korea Book in PDF, Epub and Kindle
This book examines the value Korean employers and workers place on stable employment with a focus on the workers' want for more desirable transition outcomes as modified by various individual and structural factors, particularly labor market structure. Results of the analysis show that internal labor market structure has increased employment stability and the desirability of transition outcomes in Korea over time. Korea's industrialization has enabled internal labor market structure to mature to a level that has increased employment stability and the desirability of transition outcomes. This implies that Korea has experienced industrialization in such a short period that internal labor market structure has not matured enough to influence the ways in which other factors affect employment transition patterns. Results of the effects of labor market structure and other factors on employment transition patterns imply that Korea's industrialization has had mixed effects on workers' economic and social well-being. On the one hand, it has improved the overall level of workers' well being, yet on the other hand, it has increased heterogeneity in well being among different types of workers.
Author | : Funkoo Park |
Publisher | : |
Total Pages | : 472 |
Release | : 2001 |
Genre | : Labor laws and legislation |
ISBN | : |
Download Labor Market Reforms in Korea Book in PDF, Epub and Kindle
Comprises 17 papers which explore labour market reforms following the 1997 financial crisis. Covers income support programmes, labour law and labour market regulations, active labour market programmes and comparisons of the Korean experience with other countries.