The Effect of Labor Market Polarization on the College Students' Employment

Sungyup Chung ()
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Sungyup Chung: Research Department (former Economist, Economic Research Institute), The Bank of Korea

No 2017-4, Working Papers from Economic Research Institute, Bank of Korea

Abstract: This paper aims to assess the effect of the labor market environment on various aspects of college students' job market related behaviors. In some cases, college students hide or evade their unemployment status by extending school registration or transferring to another school. By estimating the effect of the macroeconomic variables on college students' labor market related outcomes, it is found that labor market polarization has a significant effect on both the nominal unemployment and the hidden actions of college students. It implies that the labor market structure is a key element in understanding youth employment, and the youth labor policy should focus more on micro and institutional level of labor market reform.

Keywords: Labor market; Youth unemployment; Cox proportional hazard model (search for similar items in EconPapers)
JEL-codes: C24 J31 J40 J81 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2017-01-26
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Persistent link: https://EconPapers.repec.org/RePEc:bok:wpaper:1704

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