IMF Working Papers Volume 2014 Issue 137: Strategies for Reforming Korea’s Labor Market to Foster Growth (2014)

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Strategies for Reforming Korea’s Labor Market to Foster Growth

Author:

Mai Dao

Mai Daonull

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Davide Furceri

Davide Furcerinull

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Tae-Jeong Kim

Tae-Jeong Kimnull

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Meeyeon Kim

Meeyeon Kimnull

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, and

Jisoo Hwang

Jisoo Hwangnull

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Series:: IMF Working Papers

Volume/Issue:: Volume 2014: Issue 137

Publication Date:: 25 Jul 2014

DOI:: https://doi.org/10.5089/9781498337151.001

ISBN:: 9781498337151

ISSN:: 1018-5941

Pages:: 20

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

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Series:: IMF Working Papers

Volume/Issue:: Volume 2014: Issue 137

Language:: English

Publication Date:: 25 Jul 2014

DOI:: https://doi.org/10.5089/9781498337151.001

ISBN:: 9781498337151

ISSN:: 1018-5941

Pages:: 20

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

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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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.

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IMF Working Papers

ISSN:: 1018-5941

Publisher:: International Monetary Fund

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