Strategies for Reforming Korea’s Labor Market to Foster Growth
July 25, 2014
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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.
Subject: Employment, Gender, Gender diversity, Labor, Labor force participation, Labor markets, Women
Keywords: Employment, female labor force participations, Gender diversity, Labor force participation, labor market, labor market dualism, labor market duality, labor market market segmentation, Labor markets, percent, reforms, Women, worker, WP, youth employment, youth employment rate, youth participation rate
Pages:
20
Volume:
2014
DOI:
Issue:
137
Series:
Working Paper No. 2014/137
Stock No:
WPIEA2014137
ISBN:
9781498337151
ISSN:
1018-5941
