Strategies for Reforming Korea’s Labor Market to Foster Growth
Strategies for Reforming Korea’s Labor Market to Foster Growth

Author: Mai Dao

Publisher: International Monetary Fund

Published: 2014-07-25

Total Pages: 20

ISBN-13: 1498337155

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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.

Working Better with Age
Working Better with Age

Author: OECD

Publisher: Org. for Economic Cooperation & Development

Published: 2018

Total Pages: 0

ISBN-13: 9789264201859

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Currently, Japan has the highest old-age dependency ratio of all OECD countries, with a ratio in 2017 of over 50 persons aged 65 and above for every 100 persons aged 20 to 64. This ratio is projected to rise to 79 per hundred in 2050. The rapid population ageing in Japan is a major challenge for achieving further increases in living standards and ensuring the financial sustainability of public social expenditure. However, with the right policies in place, there is an opportunity to cope with this challenge by extending working lives and making better use of older workers' knowledge and skills. This report investigates policy issues and discusses actions to retain and incentivise the elderly to work more by further reforming retirement policies and seniority-wages, investing in skills to improve productivity and keeping up with labour market changes through training policy, and ensuring good working conditions for better health with tackling long-hours working culture.

Global Employment Trends
Global Employment Trends

Author: Claire Harasty

Publisher: International Labour Organization

Published: 2003

Total Pages: 128

ISBN-13: 9221133605

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Incorporating the most recent data available for 2002, this report analyses current labour market trends and examines the impact of the global economic downturn and post 11 September developments upon different world regions. Covering Latin America and the Caribbean, East Asia, South East Asia, the Middle East and North Africa and sub-Saharan Africa, the transition economies and industrial countries, it focuses on the distinct labour market characteristics and challenges faced by each region and economic group. It also traces factors contributing to the global employment decline, such as the increase in informal sector employment, the decrease in employment in information and communication technology, as well as extensive jobs losses in the travel and tourism industries and the export and labour-intensive manufacturing sectors.

OECD Economic Surveys: Korea 2022
OECD Economic Surveys: Korea 2022

Author: OECD

Publisher: OECD Publishing

Published: 2022-09-19

Total Pages: 132

ISBN-13: 9264980059

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Sound health management and supportive policies helped Korea emerge swiftly from the pandemic. The recovery is set to continue as pandemic-era restrictions on contact-intensive services are shelved, despite the Russia-Ukraine war raising inflation and highlighting the need to increase supply chain resilience.

The Korean Labour Market after the 1997 Economic Crisis
The Korean Labour Market after the 1997 Economic Crisis

Author: Joonmo Cho

Publisher: Routledge

Published: 2013-06-19

Total Pages: 260

ISBN-13: 1136466215

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For economists, policy-makers, and historians who want to learn how the Korean labor market dealt with the 1997 financial crisis and how this informed future policies, this volume provides a succinct summary of what Korean experts know and how they view the problems the country must overcome to continue on its road to the top rungs of economic success. The book is filled with institutional detail and statistics to enlighten scholars and with critiques of policy and potential solutions from labor specialists. It provides a guide to the data on Korean workers and firms that can inform future research work.

Good Jobs for All in a Changing World of Work The OECD Jobs Strategy
Good Jobs for All in a Changing World of Work The OECD Jobs Strategy

Author: OECD

Publisher: OECD Publishing

Published: 2018-12-04

Total Pages: 396

ISBN-13: 9264308814

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The labour markets of OECD and emerging economies are undergoing major transformations. The widespread slow-down in productivity and wage growth and high levels of income inequality in many countries are coupled with structural changes linked to the digital revolution, globalisation and ...

Republic of Korea
Republic of Korea

Author: International Monetary Fund. Asia and Pacific Dept

Publisher: International Monetary Fund

Published: 2018-02-13

Total Pages: 118

ISBN-13: 1484341635

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This Selected Issues chapter outlines a strategy to facilitate this and navigate the more challenging monetary environment, involving enhanced communication of policy interest rate intentions and inflation-forecast targeting. The reduction in the inflation target by a percentage point to 2 percent in January 2016 weakened the nominal anchor. Monetary policy can play a role rebuilding the credibility of the anchor more rapidly through the adoption of inflation-forecast targeting. This strengthening of the monetary policy framework involves enhancing communications. An effective, credible monetary policy cannot address all macroeconomic challenges facing Korea. Rather, it can foster robust growth with low inflation, providing a stable and predictable environment that allows other policies to work more effectively. These other policies play a complementary role. Fiscal policy can reinforce the effectiveness of monetary policy, as illustrated by model scenarios. Structural policies can also support monetary policy by, for example, boosting potential growth.

Better Policies A Framework for Growth and Social Cohesion in Korea
Better Policies A Framework for Growth and Social Cohesion in Korea

Author: OECD

Publisher: OECD Publishing

Published: 2011-06-01

Total Pages: 60

ISBN-13: 926420167X

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Drawing on the OECD’s expertise in comparing country experiences and identifying best practices, the Better Policies series tailors the OECD’s policy advice to the specific and timely priorities of member and partner countries, focusing on how governments can make reform happen.

OECD Economic Surveys: Korea 2018
OECD Economic Surveys: Korea 2018

Author: OECD

Publisher: OECD Publishing

Published: 2018-06-20

Total Pages: 160

ISBN-13: 9264300821

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Economic growth picked up in 2017, but reforms are needed to sustain Korea's convergence toward the income levels in the most advanced countries. Its labour productivity is 46% below the top half of OECD countries, reflecting problems in the service sector. In addition, productivity in small ...