Labor Market Duality In Korea
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Labor Market Duality In Korea
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Author : Johanna Schauer
language : en
Publisher: International Monetary Fund
Release Date : 2018-06-01
Labor Market Duality In Korea written by Johanna Schauer and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-01 with Business & Economics categories.
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.
Strategies For Reforming Korea S Labor Market To Foster Growth
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Author : Mai Dao
language : en
Publisher: International Monetary Fund
Release Date : 2014-07-25
Strategies For Reforming Korea S Labor Market To Foster Growth written by Mai Dao and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-25 with Business & Economics categories.
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.
Connecting People With Jobs Towards Better Social And Employment Security In Korea
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2018-03-14
Connecting People With Jobs Towards Better Social And Employment Security In Korea written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-14 with categories.
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...
Strengthening Social Cohesion In Korea
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2013-03-14
Strengthening Social Cohesion In Korea written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-14 with categories.
This report suggests policy options, based on the practices and reforms of other countries, in the following four areas: I) Income Distribution and Poverty; II) Tackling the Duality of the Labour Market; III) Early Childcare; and IV) Moving beyond Hospitals to better Care in the Community.
Strengthening Social Cohesion In Korea
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2013-04-12
Strengthening Social Cohesion In Korea written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-12 with categories.
This report suggests policy options, based on the practices and reforms of other countries, in the following four areas: I) Income Distribution and Poverty; II) Tackling the Duality of the Labour Market; III) Early Childcare; and IV) Moving beyond Hospitals to better Care in the Community.
Internal Labor Markets And Employment Transitions In South Korea
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Author : Kim Sunghoon
language : en
Publisher: University Press of America
Release Date : 2005
Internal Labor Markets And Employment Transitions In South Korea written by Kim Sunghoon and has been published by University Press of America this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
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.
Republic Of Korea
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Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2018-02-13
Republic Of Korea written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-13 with Business & Economics categories.
This Selected Issues chapter outlines a strategy to facilitate this and navigate the more challenging monetary environment, involving enhanced communication of policy interest rate intentions and inflation-forecast targeting. The reduction in the inflation target by a percentage point to 2 percent in January 2016 weakened the nominal anchor. Monetary policy can play a role rebuilding the credibility of the anchor more rapidly through the adoption of inflation-forecast targeting. This strengthening of the monetary policy framework involves enhancing communications. An effective, credible monetary policy cannot address all macroeconomic challenges facing Korea. Rather, it can foster robust growth with low inflation, providing a stable and predictable environment that allows other policies to work more effectively. These other policies play a complementary role. Fiscal policy can reinforce the effectiveness of monetary policy, as illustrated by model scenarios. Structural policies can also support monetary policy by, for example, boosting potential growth.
Inequality In The Workplace
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Author : Jiyeoun Song
language : en
Publisher: Cornell University Press
Release Date : 2014-02-06
Inequality In The Workplace written by Jiyeoun Song and has been published by Cornell University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-06 with Political Science categories.
The past several decades have seen widespread reform of labor markets across advanced industrial countries, but most of the existing research on job security, wage bargaining, and social protection is based on the experience of the United States and Western Europe. In Inequality in the Workplace, Jiyeoun Song focuses on South Korea and Japan, which have advanced labor market reform and confronted the rapid rise of a split in labor markets between protected regular workers and underprotected and underpaid nonregular workers. The two countries have implemented very different strategies in response to the pressure to increase labor market flexibility during economic downturns. Japanese policy makers, Song finds, have relaxed the rules and regulations governing employment and working conditions for part-time, temporary, and fixed-term contract employees while retaining extensive protections for full-time permanent workers. In Korea, by contrast, politicians have weakened employment protections for all categories of workers. In her comprehensive survey of the politics of labor market reform in East Asia, Song argues that institutional features of the labor market shape the national trajectory of reform. More specifically, she shows how the institutional characteristics of the employment protection system and industrial relations, including the size and strength of labor unions, determine the choice between liberalization for the nonregular workforce and liberalization for all as well as the degree of labor market inequality in the process of reform.
Labor Market Reforms In Korea
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Author : Funkoo Park
language : en
Publisher:
Release Date : 2001
Labor Market Reforms In Korea written by Funkoo Park and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Labor laws and legislation categories.
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.
Towards Better Social And Employment Security In Korea
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Author : OECD
language : en
Publisher: Org. for Economic Cooperation & Development
Release Date : 2018
Towards Better Social And Employment Security In Korea written by OECD and has been published by Org. for Economic Cooperation & Development this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Job security categories.
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...