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Job separation risk and youth unemployment in Korea

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  • Job separation risk and youth unemployment in Korea
  • Keum, Jaeho; Yi, Insill
  • The Association of Korean Economic Studies


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Title Job separation risk and youth unemployment in Korea
Similar Titles
Material Type Articles
Author(English)

Keum, Jaeho; Yi, Insill

Publisher

[Seoul, South Korea]:The Association of Korean Economic Studies

Date 2016-04
Journal Title; Vol./Issue Korea and the World Economy:vol. 17(no. 1)
Pages 31
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Social Development < Employment
Holding AKES

Abstract

Even with increasing trends of youth’s absence of working experiences and job-separation experiences, the average duration in the first job has been decreasing steadily. Despite grave social concerns, job separation risk gradually decreased since 1999. Wage changes due to job separation were considerably affected by employment status, education level, and gender. Longer unemployment period led to higher wage increase. The frequent youth job separation reflects the structural vulnerability of the labor market and implies the need to not only provide support to find employment but also to remain in employment.