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Improving employability of workers at the margin

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Frame of Image e the employment-vulnerable groups, such as the youth, women and the aged, under various different conditions.
1. Direction of Youth Employment Policy
Problems of Potential Unemployment
• The worsening of youth employment is probably more due to job mismatch, than to the shortage of jobs.
• In Korea, the youth unemployment rate(UR) is over twice as higher than other groups, but Korea’s rate is relatively lower than OECD countries.
Table 1. Unemployment rate and Employment rate in major OECD countries (2010)
Korea UR ER 8.0 40.3 Japan France Germany Italia Sweden UK US
8.1
54.0
17.0
46.6
9.1
56.9
20.2
34.5
18.6
50.4
14.4
60.8
15.0
55.0
Source: OECD, Labor Force Statistics.
Stable UR with lowering ER for Young People
• Korea’s UR of the youth today is not very different from the level in the early and mid 2000s. • However, the employment rate(ER) has sharply declined in the late 2000s. (45.1% in 2004 ⇒ 40.5% in 2011)
Figure 1. Trends of the past 10 years
Unit: %) UR (left) ER (right)
• Low rates of both unemployment and employment suggest that the youth account for quite a large amount of economically inactive population in the labor market of Korea.
Source: Korea NSO, Labor Force Survey.
(
Latent Unemployment – “Employment Preparers”
• In Korea, jobs in government offices and large companies are highly preferred by most young people and they conduct a recruitment examination in order to fill their vacant or newly created positions each year. • The youth who wish to work for th


Full Text
Title Improving employability of workers at the margin
Similar Titles
Material Type Proceeding
Author(English)

Hwang, Soo Kyung

Publisher

Seoul : Korea Development Institute

Date 2013-02
Pages 31
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < General
Social Development < Employment
Government and Law < Political Development
Holding KDI; KDI School of Public Policy and Management
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