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Roadmap towards the 70% employment rate

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Frame of Image 0
80 60 40
20
55
60
65
70
75
80
Employment rate(%)
5
Countries with higher employment rates show lower poverty rates
Share of Poverty Rate
20
15
10
5 40 50 60 70 80 90
Employment rate (%)
6
Rapid population ageing leads to labor force shortage and weak growth engine
Share of people aged 55 and up out of total active (%)
27.3
19.2 14.1 14.8 16.5
1995
2000
2005
2010
2020
More workers
Less fiscal burden
Sustainable growth and welfare
7
.
Current Labor Market Situation
8
Current Situation
Korea's employment rate has been lower than the OECD average for the past decade
E. Rate for aged 15~64 E. Rates of OECD Countries
74.9 70.3 63.3 63.6 63.8 63.8 63.3 63.9 63.9 64.8 66.6
02 03 04 05 06 07 08 09 10 11
KR
OECD
US
JPN
N LD (’11,%)
Current Situation
* Int'l comparison of E. Rates (’11,%)
10
Current Situation
Increasing non-regular workers
(thousand)
Widening wage gap b/t large firms and SMEs
(large sized firm=100,%)
Rising share of low wage workers
5,995 5,754 5,685 5,445 5,911
71.3 64.0 63.6 64.1 62.6 20.8 18.9 22.5 22.0 21.8
’0 8
’0 9
’1 0
’1 1
’1 2
’0 0
’0 2
’0 4
’0 6
’0 8
’1 0
’12
’0 0
’0 2
’0 4
’0 6
’0 8
’1 0
’12
11
Causes
Emp . coefficient GDP growth ra t e (%)
111.2 9.1
9.8 6.6 62.4
Growth slowdown, Jobless growth
3.6
Emp l o y me n t growth rate (%)
4.1 2.8 37.0 1.6 25.7 1.3 ’01~ ’11
’71~ ’80
’81~ ’90
’91~ ’00
Export & manufacturing industries are no longer job creation engine Trickle down effect of conglomerates not apparent Causing Difficulty for service sector & SMEs to ge


Full Text
Title Roadmap towards the 70% employment rate
Similar Titles
Material Type Proceedings
Author(English)

Lee, Jaehong

Author(Korean)

이재홍

Publisher

[서울] : KDI

Date 2013-07
Event

KDI-KLI-OECD Joint Conference

Event [Conference] Strategies for a 70% Employment Rate
Pages 61
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Employment
Holding KDI; KDI School
License

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