Labor Market Duality in Korea

Labor Market Duality in Korea
Author :
Publisher : International Monetary Fund
Total Pages : 36
Release :
ISBN-10 : 9781484357934
ISBN-13 : 1484357930
Rating : 4/5 (34 Downloads)

Book Synopsis Labor Market Duality in Korea by : Johanna Schauer

Download or read book Labor Market Duality in Korea written by Johanna Schauer and published by International Monetary Fund. This book was released on 2018-06-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Labor Market Duality in Korea Related Books

Labor Market Duality in Korea
Language: en
Pages: 36
Authors: Johanna Schauer
Categories: Business & Economics
Type: BOOK - Published: 2018-06-01 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Labor market duality is a complex and critical issue for many countries that can lower productivity, contribute to inequality and result in negative externaliti
Strategies for Reforming Korea’s Labor Market to Foster Growth
Language: en
Pages: 20
Authors: Mai Dao
Categories: Business & Economics
Type: BOOK - Published: 2014-07-25 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

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 p
Labor Market Reforms in Korea
Language: en
Pages: 472
Authors: Funkoo Park
Categories: Labor laws and legislation
Type: BOOK - Published: 2001 - Publisher:

DOWNLOAD EBOOK

Comprises 17 papers which explore labour market reforms following the 1997 financial crisis. Covers income support programmes, labour law and labour market regu
Working Better with Age
Language: en
Pages: 0
Authors: OECD
Categories: Age and employment
Type: BOOK - Published: 2018 - Publisher: Org. for Economic Cooperation & Development

DOWNLOAD EBOOK

Currently, Japan has the highest old-age dependency ratio of all OECD countries, with a ratio in 2017 of over 50 persons aged 65 and above for every 100 persons
Advancing Labor Market Reforms in Korea
Language: en
Pages: 25
Authors: Stella Tam
Categories:
Type: BOOK - Published: 2024-08-23 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper examines structural challenges facing the Korean labor market and analyzes the macroeconomic effects of potential labor market reforms. Our cross-cou