단행본IMF Working Paper 18-126
Labor market duality in Korea
- 청구기호
- WP 18-126
- 발행사항
- United States : IMF, 2018
- 형태사항
- 36 p. :. PDF file ;. 5.60 MB
- 분류기호
- 듀이십진분류법->WP
소장정보
위치 | 등록번호 | 청구기호 / 출력 | 상태 | 반납예정일 |
---|---|---|---|---|
이용 가능 (1) | ||||
E0002966 | 대출가능 | - |
이용 가능 (1)
- 등록번호
- E0002966
- 상태/반납예정일
- 대출가능
- -
- 위치/청구기호(출력)
책 소개
Labor market duality is a complex and critical issue for many countries that can lower productivity, contribute to inequality and result in negative externalities. In this paper, I study duality in the Korean labor market and analyze its sources and potential policy options. I find that employment protection legislations and large productivity differentials are the key drivers of Korea’s duality. In addition, applying a general equilibrium search-and-matching model and calibrating it to the Korean economy, I show that well-calibrated flexicurity policies can significantly reduce duality and inequality and raise welfare and productivity. Notably, the introduction of all three pillars―flexiblity, a strong safety net and active labor market policies―is critical for its success. If only one pillar is introduced it can result in negative side-effects and might not reduce duality.