Labor Market Reforms In Korea
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Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 178 |
Release | : 2000-06-26 |
Genre | : |
ISBN | : 926418192X |
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.
Author | : Funkoo Park |
Publisher | : |
Total Pages | : 472 |
Release | : 2001 |
Genre | : Labor laws and legislation |
ISBN | : |
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.
Author | : Mai Dao |
Publisher | : International Monetary Fund |
Total Pages | : 20 |
Release | : 2014-07-25 |
Genre | : Business & Economics |
ISBN | : 1498347924 |
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 | : Jiyeoun Song |
Publisher | : Cornell University Press |
Total Pages | : 248 |
Release | : 2014-02-06 |
Genre | : Political Science |
ISBN | : 0801471001 |
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.
Author | : Johanna Schauer |
Publisher | : International Monetary Fund |
Total Pages | : 36 |
Release | : 2018-06-01 |
Genre | : Business & Economics |
ISBN | : 1484357930 |
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 | : Tat Yan Kong |
Publisher | : Routledge |
Total Pages | : 297 |
Release | : 2013-10-11 |
Genre | : Social Science |
ISBN | : 1136183981 |
One of the most comprehensive texts on the political economy of Korea available Up-to-date - goes up to 1999
Author | : Ju Ho Lee |
Publisher | : |
Total Pages | : 67 |
Release | : 1997 |
Genre | : Labor market |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : |
Release | : 2016 |
Genre | : |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 49 |
Release | : 2016 |
Genre | : Economics |
ISBN | : |
Author | : Yangkyoon Byeon |
Publisher | : International Monetary Fund |
Total Pages | : 41 |
Release | : 2017-11-17 |
Genre | : Business & Economics |
ISBN | : 1484330390 |
Korea is facing mounting economic challenges. Productivity growth has been on a trend decline amid demographic headwinds, while the societal demand for inclusive growth has been on a steep rise. Furthermore, the government-led unbalanced growth model—which served Korea well in the past—has become less effective and politically palatable in recent years. As such, Korea needs a major paradigm shift to embark on a new sustainable and inclusive growth path. But policy response has been modest at best with no major reforms being implemented over the past two decades. We propose a paradigm shift in Korea’s economic framework, involving a simultaneous big push for greater economic freedom and stronger social protection within the parameters set by long-run fiscal sustainability. We also provide a detailed account of structural reforms to boost economic freedom and sustainable funding plans for stronger social protection.