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Strategies for Reforming Korea's Labor Market to Foster Growth

Mai Dao, Davide Furceri, Jisoo Hwang (theji500@gmail.com), Meeyeon Kim (gabriela.kim@gmail.com) and Tae-Jeong Kim (tjkim@bok.or.kr)
Additional contact information
Jisoo Hwang: Hankuk University of Foreign Studies
Meeyeon Kim: The Bank of Korea
Tae-Jeong Kim: The Bank of Korea

No 2014-25, Working Papers from Economic Research Institute, Bank of Korea

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.

Keywords: labor market duality; female labor force participations; youth employment; reforms (search for similar items in EconPapers)
JEL-codes: D04 D78 J08 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2014-08-20
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Citations: View citations in EconPapers (5)

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http://papers.bok.or.kr/RePEc_attach/wpaper/english/wp-2014-25.pdf Working Paper, 2014 (application/pdf)

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