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The employment situation of youth and policy suggestions

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  • The employment situation of youth and policy suggestions
  • Han Joseph
  • Korea Development Institute


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Title The employment situation of youth and policy suggestions
Similar Titles
Material Type Report
Author(English)

Han Joseph

Publisher

Korea Development Institute

Date 2020-05
Series Title; No KDI Economic Outlook 2020
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Industry and Technology
Social Development < Health
Social Development < Employment
Holding Korea Development Institute
License

Abstract

■ Youth employment deserves more attention in times of crisis, particularly in a rapidly aging society.

■ The current economic crisis, which is caused by restrictions on face-to-face interaction and movements, is different from previous economic crises; also, the effects of employment policies may differ from those in the past.

■ While active discussions are now underway to expand social safety nets and reduce blind spots, additional measures are required for the young unemployed who have never been employed.

■ Even if the health crisis ends shortly in Korea, it will take a considerable amount of time to get employment back on track. Policies to create jobs for youth are needed.

■ If the health crisis does not end shortly, the economy is expected to undergo structural changes. The government needs to prepare longer-term measures such as new industrial policies and educational reforms.