Strategies for Reforming Korea’s Labor Market to Foster Growth

Mai Dao, Davide Furceri, Tae-Jeong Kim, Meeyeon Kim and Jisoo Hwang

No 2014/137, IMF Working Papers from International Monetary Fund

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: WP; labor market; worker; percent; labor market duality; female labor force participations; youth employment; reforms; youth employment rate; youth participation rate; labor market dualism; labor market market segmentation; Labor markets; Gender diversity; Women; Labor force participation; Employment (search for similar items in EconPapers)
Pages: 20
Date: 2014-07-25
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Citations: View citations in EconPapers (6)

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Working Paper: Strategies for Reforming Korea's Labor Market to Foster Growth (2014)
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