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Strategies for reforming Korea’s labor market

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  • Strategies for reforming Korea’s labor market
  • Dao, Mai; Furceri, Davide; Hwang, Jisoo; Kim, Meeyeon; Kim, Tae-Jeong
  • International Monetary Fund


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Title Strategies for reforming Korea’s labor market
Similar Titles
Material Type Articles
Author(English)

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

Publisher

[Washington, D.C]:International Monetary Fund

Date 2014-07
Journal Title; Vol./Issue IMF Working Paper:WP/14/137
Pages 20
Subject Country South Korea(Asia and Pacific)
Language English / Korea
File Type Link
Subject Social Development < Population
Social Development < Employment
Holding International Monetary Fund

Abstract

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.