Strategies for Reforming Korea’s Labor Market to Foster Growth

Author/Editor:

Mai Dao ; Davide Furceri ; Tae-Jeong Kim ; Meeyeon Kim ; Jisoo Hwang

Publication Date:

July 25, 2014

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 14/137

Subject:

Korea, Republic of Labor force participation Labor market reforms Labor markets Underemployment Women

English

Publication Date:

July 25, 2014

ISBN/ISSN:

9781498337151/1018-5941

Stock No:

WPIEA2014137

Format:

Paper

Pages:

20

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