Social Sciences
4 years ago

Korea's Labor Market Reforms Set to Boost Economic Growth

SSRN Electronic Journal
Strategies for Reforming Korea's Labor Market to Foster Growth
Mai Dao, Davide Furceri, Jisoo Hwang, Meeyeon Kim, Tae‐Jeong Kim

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Korea's labor market faces challenges like duality and underemployment, which can hinder growth. Reforms focusing on increasing workforce participation and youth employment, while reducing duality, could lead to significant benefits in the medium term.