 Characteristics and Problems of the Employment Structure in Korea (in Korean)Keunho Jang ()
No 2018-34, Working Papers from Economic Research Institute, Bank of Korea Abstract: As Korean economy grew, employment expanded steadily, with the number of economically active population increasing and the employment-to-population rate increasing. However, the working age population has started to decrease since 2017, and the employment of women and young people has been sluggish. The proportion of non-salaried workers is much higher than in other OECD countries and also excessive considering Korea¡¯s income levels. In addition, the proportion of non-regular workers and the proportion of workers employed in small enterprises are high among wage workers. In light of the characteristics of employment in Korea, the urgent problem of employment structure can be summarized by the deepening dual structure of the labor market, the increase of youth unemployment, the sluggish female employment, and the excessive share of self-employment. Overall, it is judged that labor market duality is the main structural factor of the employment problem in Korea. Therefore, in order to fundamentally address the employment problem in Korea, it is necessary to concentrate policy efforts to alleviate labor market duality. Keywords: Employment structure; Employment-to-population ratio; Unemployment rate; Labor market duality (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bok:wpaper:1834 Access Statistics for this paper More papers in Working Papers from Economic Research Institute, Bank of Korea Contact information at EDIRC. |
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