Research Catalog

The Labour Market in Korea Enhancing Flexibility and Raising Participation

Title
The Labour Market in Korea [electronic resource]: Enhancing Flexibility and Raising Participation / Randall Jones
Author
Jones, Randall.
Publication
Paris : OECD Publishing, 2005.

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Full text online available onsite at NYPL

Details

Description
22 p.; 21 x 29.7cm.
Summary
This paper analyses the increasing dualism in the Korean labour market and the need to encourage greater labour force participation. Although the rising proportion of non-regular workers lowers labour costs and increases employment flexibility, it has a negative impact on both equity and efficiency over the long term. Relaxing employment protection for regular workers and increasing the coverage of the social safety net for non-regular workers would help limit the extent of dualism. Population ageing is projected to be exceptionally rapid in Korea, leading to a significant decline in the workforce by mid-century. Steps to boost the participation of women through family-friendly policies are a priority. It is also important to encourage employees to stay at firms beyond the age of 50. Making the wage system more dependent on productivity and less on seniority and implementing a company pension system in place of the retirement allowance would help maintain the employment of older persons. This Working Paper relates to the 2005 OECD Economic Survey of Korea (www.oecd.org/eco/surveys/korea).
Series Statement
OECD Economics Department Working Papers, 1815-1973 ; no.469
Uniform Title
OECD Economics Department Working Papers, no.469.
Subject
  • Economics
  • Korea, Republic of
LCCN
10.1787/548701741108
OCLC
oecd-lib
Author
Jones, Randall.
Title
The Labour Market in Korea [electronic resource]: Enhancing Flexibility and Raising Participation / Randall Jones
Imprint
Paris : OECD Publishing, 2005.
Series
OECD Economics Department Working Papers, 1815-1973 ; no.469
OECD Economics Department Working Papers, 1815-1973 ; no.469.
Connect to:
Full text online available onsite at NYPL
Indexed Term
Economics
Korea, Republic of
Other Standard Identifier
10.1787/548701741108 doi
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