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Strategies for Reforming Korea’s Labor Market to Foster Growth

2014-07-25 Business & Economics
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Release : 2014-07-25
Genre : Business & Economics
Kind : eBook
Book Rating : 155/5 ( reviews)

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Book Synopsis Strategies for Reforming Korea’s Labor Market to Foster Growth by : Mai Dao

Download or read book Strategies for Reforming Korea’s Labor Market to Foster Growth written by Mai Dao. This book was released on 2014-07-25. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Pushing Ahead with Reform in Korea Labour Market and Social Safety-net Policies

2000-06-26
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Release : 2000-06-26
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Kind : eBook
Book Rating : 92X/5 ( reviews)

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Book Synopsis Pushing Ahead with Reform in Korea Labour Market and Social Safety-net Policies by : OECD

Download or read book Pushing Ahead with Reform in Korea Labour Market and Social Safety-net Policies written by OECD. This book was released on 2000-06-26. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Sustaining Growth in Korea by Reforming the Labour Market and Improving the Education System

2009
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Release : 2009
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Book Rating : /5 ( reviews)

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Book Synopsis Sustaining Growth in Korea by Reforming the Labour Market and Improving the Education System by : Randall S. Jones

Download or read book Sustaining Growth in Korea by Reforming the Labour Market and Improving the Education System written by Randall S. Jones. This book was released on 2009. Available in PDF, EPUB and Kindle. Book excerpt:

Reforming Asian Labor Systems

2012-03-06 Political Science
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Release : 2012-03-06
Genre : Political Science
Kind : eBook
Book Rating : 947/5 ( reviews)

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Book Synopsis Reforming Asian Labor Systems by : Frederic C. Deyo

Download or read book Reforming Asian Labor Systems written by Frederic C. Deyo. This book was released on 2012-03-06. Available in PDF, EPUB and Kindle. Book excerpt: In Reforming Asian Labor Systems, Frederic C. Deyo examines the implications of post-1980s market-oriented economic reform for labor systems in China, South Korea, the Philippines, and Thailand. Adopting a critical institutionalist perspective, he explores the impact of elite economic interests and strategies, labor politics, institutional path dependencies, and changing economic circumstances on regimes of labor and social regulation in these four countries. Of particular importance are reform-driven socioeconomic and political tensions that, especially following the regional financial crisis of the late 1990s, have encouraged increased efforts to integrate social and developmental agendas with those of market reform. Through his analysis of the social economy of East and Southeast Asia, Deyo suggests that several Asian countries may now be positioned to repeat what they achieved in earlier decades: a prominent role in defining new international models of development and market reform that adapt to the pressures and constraints of the evolving world economy.

Labor Market Duality in Korea

2018-06-01 Business & Economics
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Release : 2018-06-01
Genre : Business & Economics
Kind : eBook
Book Rating : 930/5 ( reviews)

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Book Synopsis Labor Market Duality in Korea by : Johanna Schauer

Download or read book Labor Market Duality in Korea written by Johanna Schauer. This book was released on 2018-06-01. 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.

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