Author: Kim Sunghoon Publisher: University Press of America ISBN: 9780761830764 Category : Business & Economics Languages : en Pages : 146
Book Description
This book examines the value Korean employers and workers place on stable employment with a focus on the workers' want for more desirable transition outcomes as modified by various individual and structural factors, particularly labor market structure. Results of the analysis show that internal labor market structure has increased employment stability and the desirability of transition outcomes in Korea over time. Korea's industrialization has enabled internal labor market structure to mature to a level that has increased employment stability and the desirability of transition outcomes. This implies that Korea has experienced industrialization in such a short period that internal labor market structure has not matured enough to influence the ways in which other factors affect employment transition patterns. Results of the effects of labor market structure and other factors on employment transition patterns imply that Korea's industrialization has had mixed effects on workers' economic and social well-being. On the one hand, it has improved the overall level of workers' well being, yet on the other hand, it has increased heterogeneity in well being among different types of workers.
Author: Johanna Schauer Publisher: International Monetary Fund ISBN: 1484357930 Category : Business & Economics Languages : en Pages : 36
Book Description
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.
Author: Dipak Mazumdar Publisher: World Bank Publications ISBN: Category : Corea - Condiciones economicas Languages : en Pages : 59
Book Description
Korea's ability to keep the economy from going off the rails has been as remarkable as its achievement of high long- run growth rates. The key to the success of Korea's labor policy - state guidelines limited the wage increases under structural adjustment - was the high rate of total factor productivity growth.
Author: Mai Dao Publisher: International Monetary Fund ISBN: 1498347924 Category : Business & Economics Languages : en Pages : 20
Book Description
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.
Author: K. Bae Publisher: Springer ISBN: 1137428082 Category : Business & Economics Languages : en Pages : 268
Book Description
Employment Relations in South Korea provides readers with an overarching view of Korean employment relations and insight into recent changes, and also to help the general public understand more easily the various phenomena and changes in Korean employment relations.
Author: Jiyeoun Song Publisher: Cornell University Press ISBN: 0801471001 Category : Political Science Languages : en Pages : 248
Book Description
The past several decades have seen widespread reform of labor markets across advanced industrial countries, but most of the existing research on job security, wage bargaining, and social protection is based on the experience of the United States and Western Europe. In Inequality in the Workplace, Jiyeoun Song focuses on South Korea and Japan, which have advanced labor market reform and confronted the rapid rise of a split in labor markets between protected regular workers and underprotected and underpaid nonregular workers. The two countries have implemented very different strategies in response to the pressure to increase labor market flexibility during economic downturns. Japanese policy makers, Song finds, have relaxed the rules and regulations governing employment and working conditions for part-time, temporary, and fixed-term contract employees while retaining extensive protections for full-time permanent workers. In Korea, by contrast, politicians have weakened employment protections for all categories of workers. In her comprehensive survey of the politics of labor market reform in East Asia, Song argues that institutional features of the labor market shape the national trajectory of reform. More specifically, she shows how the institutional characteristics of the employment protection system and industrial relations, including the size and strength of labor unions, determine the choice between liberalization for the nonregular workforce and liberalization for all as well as the degree of labor market inequality in the process of reform.
Author: OECD Publisher: OECD Publishing ISBN: 926418192X Category : Languages : en Pages : 180
Book Description
This book shows that government labour and social policies, together with improved basic workers’ rights, helped minimise the costs of Korea's economic and financial crisis while also contributing to overcome it.
Author: Young-Myon Lee Publisher: Edward Elgar Publishing ISBN: 1788113837 Category : Business & Economics Languages : en Pages : 360
Book Description
The Evolution of Korean Industrial and Employment Relations explores current employment and workplace relations practice in South Korea, tracing their origins to key historical events and giving cultural, politico-economic and global context to the inevitable cultural adaptation in one of Asia’s ‘miraculous’ democracies.
Author: Funkoo Park Publisher: ISBN: Category : Labor laws and legislation Languages : en Pages : 472
Book Description
Comprises 17 papers which explore labour market reforms following the 1997 financial crisis. Covers income support programmes, labour law and labour market regulations, active labour market programmes and comparisons of the Korean experience with other countries.
Author: Kim Sunghoon
Author: Johanna Schauer
Author: Dipak Mazumdar
Author: Mai Dao
Author: K. Bae
Author: Jiyeoun Song
Author: OECD
Author: Bongoh Kye
Author: Young-Myon Lee
Author: Funkoo Park