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Explaining the cyclical behavior of the Korean labor market

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Frame of Image r participants at the Bank of Korea for their helpful comments. Any errors appearing here are mine.
Contents
. Introduction ····························································································· 1
æð Korean Labor Market Facts ································································· 4 .
1. Employment, Unemployment, and Nonparticipation ······································ 5 2. Transition Probabilities ····················································································· 7 3. Cyclicality of Labor Market Variables ··························································· 9
æñ Evaluating the Real Business Cycle Model . and the Mortensen-Pissarides Matching Model ······························· 10
1. Real Business Cycle Model ··········································································· 10 2. Mortensen-Pissarides Matching Model ·························································· 12
æò The Model ···························································································· 16 .
1. Workers ············································································································ 17 2. Firms ················································································································· 18 3. Search and Matching ······················································································ 18 4. Equilibrium ·················································


Full Text
Title Explaining the cyclical behavior of the Korean labor market
Similar Titles
Material Type Reports
Author(English)

Moon, Weh-Sol

Publisher

[Seoul]:The Bank of Korea

Date 2008-02
Pages 57
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Employment
Holding The Bank of Korea; KDI School