• Journal of Labour Economics
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• v.25 no.2
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• pp.1-32
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• 2002

This paper investigates how real wages adjust to regional and cyclical shocks in the Korean labor market. Major findings are as follows. First, like most longitudinal studies in this literature, we find that real wages are strongly procyclical and more procyclical for men than for women. Second, consistent with the theory prediction of efficiency wages, both permanent and transitory components of real wages are negatively correlated with the local unemployment rate. Third, when overall and local unemployment rates compete in a wage equation (our preferred specification), current wages are dominantly affected by the overall rate, and the effect of the local rate is rather small. This rejects the Blanchflower and Oswald's hypothesis that wages are primarily determined by local labor market conditions. Finally, no lagged effects on wages are detected in the overall or local unemployment rate.

• Korea journal of population studies
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• v.20 no.2
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• pp.43-66
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• 1997

This work examines reemployment processes through the use of event history unemployment data in the United States. Two aspects of these processes, the duration of unemployment and changes in the reemployment rate, are modelled and analyzed in terms of individual characteristics and their structural positions in the labor market. The secondary labor market is a competitive market in which unemployment occurs because people quit their jobs to devote more time in search for better jobs. Using search theory, the rate of reemployment has a positive time dependence as the searcher lower her reservation wage with the passage of time. By contrast, the primary market is characterized by long-term employment relations which reduce voluntary turnovers but generate layoffs temporarily. Relying on contract theory, because workers on temporary layoffs wait for recall, reemployment rates have a constant time dependence. Empirical results of unemployment durations indicate that reemployment processes are influenced by individual's positions in dual labor market structures. While the analysis suggests that the amount of search reemployment seems to be positively related to the degree of competitiveness of a market, somewhat weaker results are noted in the search reemployment processes in competitive markets.

• Journal of Labour Economics
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• v.26 no.1
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• pp.111-151
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• 2003

This study attempted to analize the hazard rate from unemployment and the influncing factors on the rate by regions. The data this study uses is Korea Labor Institute Panal Study(1998-2001) and the models are hazard analysis and Cox model. The results of hazard analysis are as follow. In capital and it's vicinity, the duration of unemployment is shorter than other regions even if the unemployment rate is higher. The labor market segmentation is confirmed between capital and it's vicinity region and other regions. Kyungsang region is higher in the unemployment hazard rate than Chunla or Chungchung regions. The duration of unemployment in capital and it's vicinity is 9.29 months comparing 11.86 months in the other region. The difference is statistically significant by the significance level 0.001. The duration of unemployment in Kyungsang is 6.96 months comparing 10.95 months in Chunla region. The Cox results which indicate the influncing factors on the hazard rate are as follow. In the regions like non-metro cities and non-capital and vicinitiy, the factors such as female, tenure, wage earners, manufacturing, wholesale and retale decrease the hazard rate. The results indicate that active labor market policies region by region are needed in Korea, especially for the marginal unemployed workes from non flourishing sectors.

• Proceedings of the Korean Society of Computer Information Conference
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• 2021.01a
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• pp.119-120
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• 2021

본 연구의 목적은 Big Data를 활용하여 우리나라 빈곤, 실업, 질병의 우울증과의 인과관계를 규명하고자 한다. 이를 위해 Google 트랜드의 지난 5년간(2015.12. 27~2020.12.20.)의 빈곤-실업-질병-우울증 등의 주제어 중심의 분석을 시도하였다. 분석결과, 빈곤(B=.295, p<.001)과 실업(B=.404, p<.001)은 질병에 유의미한 영향을 미치며, 빈곤(B=.150, p<.01)과 질병(B=.186, p<.01) 및 실업(B=.466, p<.001)은 우울증에 유의미한 영향을 미치는 것으로 나타났다.

• The Korean Journal of Applied Statistics
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• v.25 no.1
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• pp.45-54
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• 2012

Published employment statistics do not provide enough information about the relationship of unemployment and economic and business conditions. This study investigates long-run equilibrium relations and short-run adjustment process of unemployment and discouraged unemployment with major price variables in the business coincident and lagging framework. Speed of adjustment from short-run disequilibrium to long-run equilibrium is found to be relatively faster for discouraged unemployment that appears more responsive to changes in most of explanatory variables. Discouraged unemployment is found to reflect reality and suggested to be a more meaningful statistical index.

• Korean Journal of Social Welfare
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• v.56 no.3
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• pp.159-181
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• 2004

This study examines the realities and causes of youth and new college graduate unemployment, and seeks some assignments for mitigating youth and new college graduate unemployment. An analysis of the realities and causes of youth and new college graduate unemployment is summarized as follows. First, youth unemployment rate, which rapidly increased after the IMF economic crisis, slowly decreased after 2000, but was still somewhat higher in 2002 than that before the IMF. Second, new college graduate unemployment rate, which rapidly increased after the IMF economic crisis, slowly decreased after 2000 and became a similar level to that before the IMF economic crisis, but the number of the unemployed new college graduates highly increased after the IMF. Third, an analysis of the causes of youth unemployment shows that economic growth and the employment elasticity of economic growth negatively affect the unemployment rate, and the rate of entrance into colleges positively affects the unemployment rate. Fourth, an analysis of the causes of new college graduate unemployment demonstrates that economic growth and the employment elasticity of economic growth negatively affect the unemployment rate, and the increase rate of new college graduates, the college graduate/youth population ratio, and the time trend positively affect the unemployment rate. These results suggest several implications for mitigating the unemployment rate of the youth and new college graduates. First, in order to increase labor demand, emphasis must be placed on preparing economic conditions which can raise economic growth rate and on fostering industries and occupations which have high employment elasticity. Second, in the aspect of labor supply, it is necessary to adjust the number of new college graduates corresponding to labor demands in industries. Third, in order to redress the mismatch between the demand and the supply of the youth labor market, attention should be paid to remedying educational systems such as the activation of vocational education and training in middle and high schools and the reformation of college education to match the education and training provided in colleges and the skills requirements of the world of work, and preparing a unified program to support the youth unemployed systematically and synthetically.

• The Journal of the Convergence on Culture Technology
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• v.9 no.5
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• pp.119-124
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• 2023

This study analyzed the impact of the real estate changes on the unemployment rate in Korea. Using monthly data from January 2013 to February 2023, the study employed a multiple regression analysis model. The key findings are as follows: First, there was a significant causal relationship between the real estate changes and the unemployment rate. Specifically, an increase in the real estate market led to a significant decrease in the unemployment rate, while a decrease in the real estate market resulted in a significant increase in the unemployment rate. Second, an increase in the loan interest rate was found to significantly reduce the unemployment rate, while a rise in interest rates had positive effects on the employment. Furthermore, an increase in inflation was associated with a significant rise in the unemployment rate. Moreover, an increase in the number of permits issued for housing construction significantly reduced the unemployment rate. Lastly, conducting robustness tests by substituting variables did not significantly alter the analysis results, indicating the robustness of the impact of the real estate changes on the unemployment rate. Based on the above analysis, it can be inferred that the fluctuations in real estate prices in South Korea are linked to fluctuations in the unemployment rate, and stable management of the real estate market may contribute to the stability of the unemployment rate.

• 대학교육
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• s.149
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• pp.77-82
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• 2007

청년실업이 심각한 사회문제로 대두됨에 따라 취업준비 등을 이유로 대학졸업을 미루고 있다는 지적이다. 4년제 대학의 휴학생 비율은 IMF 이전인 96년의 25%에 비해 2005년에는 무려 7%나 상승한 32%에 이르고 있다. 전문대학의 경우는 좀 더 심각하여 28%에서 37.9%로 상승해 무려 10% 가까이 상승했다고 한다. 휴학생의 비율은 청년실업문제의 심각성을 반영하다는 측면에서 간과해서는 안 될 문제이다. 여기에서 청년실업의 원인과 졸업 유예문제 및 대응방안에 대해 좀 더 깊이 살펴보기로 하자.

• Digital Contents
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• no.1 s.116
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• pp.72-73
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• 2003

통계청이 발표한 '10월 고용동향' 자료에 의하면 10월 국내 실업률은 2.6%, 총 실업자수는 60만5000명으로 조사됐다. 특히 20~30대의 청년실업률은 계속 증가해 모두 40만9000명으로 전체 실업자의 67.6%나 차지하고 있어 그 심각성이 더하다. 더욱 심각한 것은 대졸 이상의 고학력 실업률이 계속 증가하고 있는 것이다. 1998년 IMF라는 미증유의 외환위기를 겪으면서 평생직장 개념이 사라졌다. 스스로 실력을 키워 몸값을 올리지 않으면 살아남기 힘든 무한경쟁시대가 도래했다.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.7
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• pp.423-442
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• 2018

This study observes the psychological changes of unemployed people according to their unemployment period. With this what psychological changes they face according to their unemployment period and what psychological characteristics they show, whether if psychological changes and job hunting activities are in relation, and whether if psychological changes affect job hunting activities. The study subjects received unemployment wage and were divided according to before employment, 1~3 months unemployed, and 4 months or more unemployed. An in-depth research of 8 people was conducted within the period of 2017.05~08. The psychological characteristics of people, in the period from when they first sense unemployment possibilities until three months of unemployment, are anger, anxiety, fear, which is a mixed characteristic that does not disappear but continues deepening. In study there was no significant difference in depression, anxiety, anger, social phobia, alcohol, religion factors, low self-esteem, and low self-efficacy in before employment, 1~3 months unemployed, and 4 months or more unemployed. However, the average levels of anger anxiety, depression, and social phobia were higher when the unemployment period was longer and the results of low self-esteem and low self-efficacy support further research.