Joblessness among the Highly Educated Youth in Korea: The Causes and Policy Implications
Despite continuous efforts of the government, youth joblessness in Korea has remained as a top policy priority. At this end, the study focuses on the causes of youth labor market problems and tries to seek for policy directions. While the previous research attempted to explain youth joblessness base...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Korea Development Institute
2012-08-01
|
| Series: | KDI Journal of Economic Policy |
| Subjects: | |
| Online Access: | https://doi.org/10.23895/kdijep.2012.34.3.67 |
| _version_ | 1818960607576064000 |
|---|---|
| author | Kim, Yong-seong |
| author_facet | Kim, Yong-seong |
| author_sort | Kim, Yong-seong |
| collection | DOAJ |
| description | Despite continuous efforts of the government, youth joblessness in Korea has remained as a top policy priority. At this end, the study focuses on the causes of youth labor market problems and tries to seek for policy directions. While the previous research attempted to explain youth joblessness based on the labor demand and supply, this study follows a job search model which emphasizes a job matching process. A theoretical model and empirical results predict that a mean duration of unemployment could decrease if an implicit income of unemployment declines or a rate of job offer rises. From policy point of view, it is advisable to raise incentives for labor demand and to strengthen employment services because a policy to lower an implicit income of unemployment may not secure policy target efficiency. |
| first_indexed | 2024-12-20T12:00:13Z |
| format | Article |
| id | doaj.art-4bc24af4f3644150860a1b4b9687d77c |
| institution | Directory Open Access Journal |
| issn | 2586-2995 2586-4130 |
| language | English |
| last_indexed | 2024-12-20T12:00:13Z |
| publishDate | 2012-08-01 |
| publisher | Korea Development Institute |
| record_format | Article |
| series | KDI Journal of Economic Policy |
| spelling | doaj.art-4bc24af4f3644150860a1b4b9687d77c2022-12-21T19:41:34ZengKorea Development InstituteKDI Journal of Economic Policy2586-29952586-41302012-08-01343679410.23895/kdijep.2012.34.3.67Joblessness among the Highly Educated Youth in Korea: The Causes and Policy ImplicationsKim, Yong-seong0Senior Fellow, Korea Development InstituteDespite continuous efforts of the government, youth joblessness in Korea has remained as a top policy priority. At this end, the study focuses on the causes of youth labor market problems and tries to seek for policy directions. While the previous research attempted to explain youth joblessness based on the labor demand and supply, this study follows a job search model which emphasizes a job matching process. A theoretical model and empirical results predict that a mean duration of unemployment could decrease if an implicit income of unemployment declines or a rate of job offer rises. From policy point of view, it is advisable to raise incentives for labor demand and to strengthen employment services because a policy to lower an implicit income of unemployment may not secure policy target efficiency.https://doi.org/10.23895/kdijep.2012.34.3.67청년 미취업(Youth Unemployment)일자리 탐색이론(Job Searching Theory)계량분석(Quantative Analysis) |
| spellingShingle | Kim, Yong-seong Joblessness among the Highly Educated Youth in Korea: The Causes and Policy Implications KDI Journal of Economic Policy 청년 미취업(Youth Unemployment) 일자리 탐색이론(Job Searching Theory) 계량분석(Quantative Analysis) |
| title | Joblessness among the Highly Educated Youth in Korea: The Causes and Policy Implications |
| title_full | Joblessness among the Highly Educated Youth in Korea: The Causes and Policy Implications |
| title_fullStr | Joblessness among the Highly Educated Youth in Korea: The Causes and Policy Implications |
| title_full_unstemmed | Joblessness among the Highly Educated Youth in Korea: The Causes and Policy Implications |
| title_short | Joblessness among the Highly Educated Youth in Korea: The Causes and Policy Implications |
| title_sort | joblessness among the highly educated youth in korea the causes and policy implications |
| topic | 청년 미취업(Youth Unemployment) 일자리 탐색이론(Job Searching Theory) 계량분석(Quantative Analysis) |
| url | https://doi.org/10.23895/kdijep.2012.34.3.67 |
| work_keys_str_mv | AT kimyongseong joblessnessamongthehighlyeducatedyouthinkoreathecausesandpolicyimplications |