Labor Market Duality in Korea - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Labor Market Duality in Korea write by Johanna Schauer. This book was released on 2018-06-01. Labor Market Duality in Korea available in PDF, EPUB and Kindle. Labor market duality is a complex and critical issue for many countries that can lower productivity, contribute to inequality and result in negative externalities. In this paper, I study duality in the Korean labor market and analyze its sources and potential policy options. I find that employment protection legislations and large productivity differentials are the key drivers of Korea’s duality. In addition, applying a general equilibrium search-and-matching model and calibrating it to the Korean economy, I show that well-calibrated flexicurity policies can significantly reduce duality and inequality and raise welfare and productivity. Notably, the introduction of all three pillars—flexiblity, a strong safety net and active labor market policies—is critical for its success. If only one pillar is introduced it can result in negative side-effects and might not reduce duality.
Strategies for Reforming Korea’s Labor Market to Foster Growth
Strategies for Reforming Korea’s Labor Market to Foster Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Strategies for Reforming Korea’s Labor Market to Foster Growth write by Mai Dao. This book was released on 2014-07-25. Strategies for Reforming Korea’s Labor Market to Foster Growth available in PDF, EPUB and Kindle. 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.
Advancing Labor Market Reforms in Korea
Advancing Labor Market Reforms in Korea - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Advancing Labor Market Reforms in Korea write by Stella Tam. This book was released on 2024-08-23. Advancing Labor Market Reforms in Korea available in PDF, EPUB and Kindle. This paper examines structural challenges facing the Korean labor market and analyzes the macroeconomic effects of potential labor market reforms. Our cross-country empirical analysis finds that easing of employment protection legislation tends to have positive macroeconmic effects during periods of strong growth but could turn contractionary in periods of slack. By contrast, increased spending on active labor market policies and reductions to the labor tax wedge tend to be more effective in periods of slack. Our analysis thus highlights the importance of considering economic and policy conditions when designing labor market reforms. Under the current disinflationary policy stance, the government’s focus on the working hour reform seems appriorate. With growth recovering, deregulation to reduce employment protection for regular workers can also be considered, combined with targeted support to vulnerable groups.
Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal
Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal write by Yangkyoon Byeon. This book was released on 2017-11-20. Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal available in PDF, EPUB and Kindle. Korea is facing mounting economic challenges. Productivity growth has been on a trend decline amid demographic headwinds, while the societal demand for inclusive growth has been on a steep rise. Furthermore, the government-led unbalanced growth model—which served Korea well in the past—has become less effective and politically palatable in recent years. As such, Korea needs a major paradigm shift to embark on a new sustainable and inclusive growth path. But policy response has been modest at best with no major reforms being implemented over the past two decades. We propose a paradigm shift in Korea’s economic framework, involving a simultaneous big push for greater economic freedom and stronger social protection within the parameters set by long-run fiscal sustainability. We also provide a detailed account of structural reforms to boost economic freedom and sustainable funding plans for stronger social protection.
Homing
Homing - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Homing write by Ji-Yeon O. Jo. This book was released on 2017-11-30. Homing available in PDF, EPUB and Kindle. Millions of ethnic Koreans have been driven from the Korean Peninsula over the course of the region’s modern history. Emigration was often the personal choice of migrants hoping to escape economic and political hardship, but it was also enforced or encouraged by governmental relocation and migration projects in both colonial and postcolonial times. The turning point in South Korea’s overall migration trajectory occurred in the late 1980s and early 1990s, when the nation’s increased economic prosperity and global visibility, along with shifting geopolitical relationships between the First World and Second World, precipitated a migration flow to South Korea. Since the early 1990s, South Korea’s foreign-resident population has soared more than 3,000 percent. Homing investigates the experiences of legacy migrants—later-generation diaspora Koreans who “return” to South Korea—from China, the Commonwealth of Independent States, and the United States. Unlike their parents or grandparents, they have no firsthand experience of their ancestral homeland. They inherited an imagined homeland through memories, stories, pictures, and traditions passed down by family and community, or through images disseminated by the media. When diaspora Koreans migrate to South Korea, they confront far more than a new living situation: they must navigate their own shifting emotions as their expectations for their new homeland—and its expectations of them—confront reality. Everyday experiences and social encounters—whether welcoming or humiliating—all contribute to their sense of belonging in the South. Homing addresses some of the most vexing and pressing issues of contemporary transnational migration—citizenship, cultural belonging, language, and family relationships—and highlights their affective dimensions. Using accounts gleaned through interviews, author Ji-Yeon Jo situates migrant experiences within the historical context of each diaspora. Her book is the first to analyze comparatively the migration experiences of ethnic Koreans from three diverse diaspora, whose presence in South Korea and ongoing relationships with diaspora homelands have challenged and destabilized existing understandings of Korean peoplehood.
