APPENDIX Data Sources
This appendix describes the main sources of the data used in this paper.
The following data series are compiled by the Ministry of Labor and are available on their website (www.molab.go.kr) or the Korean National Statistics Office (www.nso.go.kr). They can also be downloaded from the CEIC© database by subscribers.
Population, labor force
Employment, unemployment (including seasonally adjusted)
Employment and earnings, by productive sector
Data on industrial relations (unionization and labor disputes) can be downloaded from the National Statistics Office’s website.
The following were obtained from the Report on the Monthly Labor Survey, which is published by the Ministry of Labor.
Components of earnings
Type of employment and hours worked
Data on labor productivity and unit labor costs were obtained directly from the Korea Productivity Center (www.kpc.or.kr). They are not currently available on the English version of the website.
Betcherman, Gordon, Amit Dar, Amy Luinstra, and Makoto Ogawa, 2001, “Labor Adjustment, Non-Standard Work, and Employment Programs: Korea in an OECD Context,” in Park, et al (Eds.).
Kim, Dae II, 2001, “Labor Market Changes in Korea After the Crisis,” Paper Presented to the IMF-KIEP Conference on the Korean Crisis and Recovery, May 17–19, Seoul.
Min, Seung-kyu, 2001, “Preconditions for the Introduction of a Five-Day Work Week in Korea,” Korea Economic Trends, Samsung Economic Research Institute, September 1,
Park, Duck Jay, Jonghee Park, and Gyu-Chang Yu, 2001, “Assessment of Labor Market Response to the Labor Law Changes Introduced in 1998,” in Park et al (Eds.), 2001.
Park, Funkoo, Young-bum Park, Gordon Betcherman, and Amit Dar 2001, Labor Market Reforms in Korea: Policy Options for the Future. Seoul: World Bank and Korea Labor Institute.
This paper was prepared by Hong Liang and Henry Ma (both APD).
In Korea, those who have looked for work during the previous one week are counted as unemployed, while the ILO and OECD definitions include those who have looked for work in the preceding two weeks and four weeks, respectively. Hence, measured unemployment would be higher in Korea if the ILO or OECD definitions are used.
These components account for about a third of total compensation.
As a result, the proportion of wage workers covered by EIS rose from 33 percent to 70 percent. Daily workers and part-time employees working less than 80 hours a month remain ineligible.
If the labor force participation rate had stayed at 62 percent (the average for 1995–97), unemployment would have peaked at 14 3/4 percent in February 1999 (instead of 8½ percent), and would have been about 4 percent in end-2001.
Regular workers are those who work more than one year at a firm and are paid standard wages, plus bonuses and overtime. Nonregular workers are those who work for a set period of time, which can be extended or terminated at the discretion of the employer.
See France: 2001 Article IV Consultation—Staff Report, IMF Country Report No. 01/199, October 2001.