• Title/Summary/Keyword: Jobless Growth

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Does the ICT Investment of Firms Create Jobless Growth? (기업의 ICT투자가 '고용 없는 성장'을 이끄는가?)

  • Sim, Jae-yoon;Lee, Jongho;Park, Su-Ho;Jung, Woo-Jin
    • Knowledge Management Research
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    • v.20 no.3
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    • pp.1-16
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    • 2019
  • Jobless Growth, one of the most issue keywords for Korea's economy at this moment, stands for an economic situation where the unemployment rate once edging up at the downturn does not fall sharply even after a business cycle is on the stage of its recovery. A remarkable progress of ICT has intensified the apprehension of technology displacing human labor. A remarkable progress of ICT has intensified the apprehension of technology displacing human labor historically. Nowadays, ICT as the main cause for recent jobless growth in Korea ends up with pointing out. This study is to investigate whether the ICT leads to an economic situation of jobless growth. We served an empirical analysis using firm-level panel data from 2009 to 2013 and estimated the effects of ICT on both firm's employment and productivity. A result suggests not only does the employment increase with the rise of ICT investment, but also the employment becomes a complete mediator in terms of linking ICT and firm's productivity. It turns out to be a groundless fear that the ICT rules out human labor causing jobless growth for Korea's economy according to the result revealed.

A Study of the Effects of Group Counseling Program for the Wives of Jobless Families - Focusing on Satir′s Growth Model - (실직 가족의 부인을 대상으로 한 집단상담 프로그램 효과 연구 - Satir 성장 모델을 중심으로 -)

  • 류경희
    • Journal of Families and Better Life
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    • v.22 no.5
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    • pp.211-236
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    • 2004
  • This study is designed to conducted group counseling programs applied to the wives of jobless families by Satir's growth model and to help them to recognize the value of themselves and families in their jobless situation and to possess desire and hope for the life of their families in the future. The researcher provided 7 wives of jobless families with group counseling at the family education room of a university from April to June, 2003. The group counseling program consisted of a total of 8 sessions, and each session lasted for three hours to four hours. The researcher came to have a in-depth understanding of the experiences of 5 subjects, who took part in more than 7 sessions in a total of 8 counseling sessions, in the group counseling to which Satir's growth model was applied and analyzed the effects of counseling changing the subjects. The researcher analyzed the following: viewing the subjects themselves and their spouses in a new way, rendezvous with the true self and its acceptance, objective insight into their families, learning how to communicate, and expecting hope through changes. All in all, the wives of jobless families were able to newly recognize the value of the existence of themselves and families and find desire and hope for the life of their families in the future through the group counseling program to which Satir's growth model was applied.

The Effect of Trade Liberalization on Labor Market (무역자유화가 노동시장에 미치는 효과 - 산업수준에서의 고용조정 속도와 고용의 임금탄력성에 미치는 효과를 중심으로 -)

  • Bai, Jin Han
    • Journal of Labour Economics
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    • v.37 no.4
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    • pp.25-57
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    • 2014
  • Analysing the effects of expanded trade liberalization on the domestic labor market such as the flexibility of employment adjustment and the wage elasticity of employment etc. with industry base data, we get some important results as follows. The speed of employment adjustment in whole industries is turned out to be more rapid on the employee basis than on the whole worker basis. And the speed of employment adjustment is more rapid in the industries with high level of import ratio than those with high level of export ratio. In sum, viewing on the employee basis, the expanded trade liberalization makes the speed of employment adjustment slower slightly in individual industry level, and it is led mainly by the effects of export ratio rising. In case of the wage elasticity of employment, it becomes to be much higher as rates of openness or export ratios go higher, so the environment of jobless growth seems to be much more strengthened in this country.

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A Study on Curriculum Design of Entrepreneurship Education in Undergraduate School (창업교육의 대학교과과정 설계방향에 관한 연구)

  • Mok, Young-Du;Choi, Myeong-Gil
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.11 no.1
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    • pp.320-334
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    • 2010
  • Due to the global economic crisis and jobless growth, the problem of employment is becoming an important social issue. Fostering potential entrepreneurs with systematic education can be an alternative for resolving the jobless growth problem. Therefore, this study presents entrepreneurship subjects which are needed for designing a curriculum of the systematic entrepreneurship education. This study develops a questionnaire based on prior researches, and executes the survey of two focused groups comprised with a group of researchers lecturing subjects related with entrepreneurship and a group of executing an entrepreneurship consulting. The result of the study can be applied to design and run the curriculum in the universities, which consider introducing stage of entrepreneurship education. This study help a entrepreneurship department to bear the curriculum, and a direction of specialization.

A System Dynamics Approach to shift the paradigm to be highly educated person (고학력 지향 패러다임의 전환을 위한 시스템 다이내믹스적 접근)

  • Kim, Do-Hoon;Hong, Young-Kyo
    • Korean System Dynamics Review
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    • v.11 no.4
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    • pp.97-115
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    • 2010
  • 'JOBLESS GROWTH' is a word to explain the world's common problem of unemployment. But, 'highly educated youth unemployment' is the unique condition that Korea society is facing. In this paper, we determine the cause of the problem with causal loop diagram and reach the conclusion. It is the paradigm to be highly educated person and that paradigm became permanent after the Korean War. People think that only highly educated person can bring wealth and honor, so they spend much money for their children's private education to enter university. Though young people receive bachelor's degree, they spend much money to get job. To solve these problems, this paper suggest three solutions. The first is to shift the paradigm to be highly educated person. The second is to expand the opportunities of public education as education system of Finland. And the third is to support the youth aptitude.

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The Productivity Trend and the Effect of the Corporate Education & Training after Financial Crisis - A Dynamic Panel Data Analysis using the Listed Manufacturing Companies' Data - (외환위기 이후 생산성 추이와 교육훈련효과 - 상장제조기업 자료를 이용한 동적 패널 분석 -)

  • Ban, Ga Woon
    • Journal of Labour Economics
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    • v.32 no.2
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    • pp.95-124
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    • 2009
  • In this article, I were trying to analyze the listed manufacturing companies' trend of productivity and the corporate education & training effect after the financial crisis. According to the analysis, the listed manufacturing companies have decreased their productivity since financial crisis, and from such declining trend. jobless growth and a growth without physical and human capital investment has been observed. Furthermore, there is no efficient labor force coordination within the manufacturing industry; In order to analyze the effect of education & training investment on productivity more deeply, I have practiced the dynamic panel data analysis from constructing the micro panel data which consists of company level information 1997~2008. According to the consequences, dynamic panel data analysis solved the problem of the overestimating education & training effect fairly well.

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Analysis of the Corporate Life Cycle using the Gompertz Model Focused on Korean Pharmaceutical Longevity Companies

  • Kyu-Jin, CHOI;Kang-Sun, LEE;Sung-Wook, KANG;Dae-Myeong, CHO
    • The Journal of Economics, Marketing and Management
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    • v.11 no.1
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    • pp.31-44
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    • 2023
  • Purpose: This study aims to figure out the characteristics of corporate life cycle and resource input in terms of the sustainability diagnosis of pharmaceutical companies in Korea. Research design, data, and methodology: Using the Gompertz model under the assumption that companies have finite resources, this study tries quantitative interpretation of life cycle and resource input pattern for longevity companies with 25 years of experience among 158 pharmaceutical companies listed on Korean stock market based on maturity of revenue. Results: The study found revenue maturity through Gompertz model was statistically correlated with enterprise value. According to the life cycle analysis, more than 95% of 59 pharmaceutical companies were in the growth and maturity phase and have an average life cycle of 88 years and an average remaining life of 52 years. Regarding maturity profile of resource input, maturity of employees was generally high more than 60% and this meant there was jobless growth in Korean pharmaceutical industry. Conclusion: This study demonstrated there is a high statistical correlation between the maturity of a company's resource input and its revenue and enterprise value. It is believed that these results could be utilized as a basis for high fidelity function that predict revenue and enterprise value based on resource input information.

A Study on the Analysis of Regional Disparity and Competitiveness on Employment in Korea (지역 간 고용격차와 고용경쟁력 분석에 관한 연구)

  • Park, Hong-Chul;Lee, Joo-Hyung
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.14 no.5
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    • pp.2207-2214
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    • 2013
  • This study aims to recognize the regional disparity of employment and to analyse the regional current states and characteristics using the evaluation criteria for employment competitiveness. Firstly, it has revealed that the regional disparity of employment is deepening and disparity from the quality side and stability side are more serious. Secondly, the strongest regional employment competitiveness was found to be Chungnam, followed by Seoul, Ulsan, Gyeongbuk, Daejeon and the region of employment risky is Busan. Lastly, it has analysed that the most influencing factors on employment competitiveness are criteria of stability sector. Therefore, we should make efforts to create jobs of good quality and stable, in order to reduce regional disparity and strengthen the competitiveness of employment. And especially region of employment risky must require continuous monitoring.

The Effects of COVID-19 on Unemployment in Realising Sustainable Development Goals: Evidence from Malaysia

  • JASNI, Nur Syuhada;KAMARUDIN, Siti Nurhazwani;ABDULLAH, Azmira
    • The Journal of Asian Finance, Economics and Business
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    • v.10 no.1
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    • pp.201-208
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    • 2023
  • The coronavirus (COVID-19) pandemic poses disastrous effects on human lives and hinders global efforts to realize the Sustainable Development Goals (SDGs) by 2030. The study examined the effects of the pandemic on unemployment toward realizing the SDGs. The downsizing and collapse of businesses have forcibly left many unfortunate Malaysians jobless and without income. The situation may directly influence government efforts to achieve SDG 8 'Decent work and economic growth', which indirectly affects SDG 1 'No poverty', SDG 2 'Zero hunger', and SDG 3 'Good health and well-being'. Pre-and post-pandemic assessments on unemployment and retrenchment level by sector were performed by adopting observation and data comparison methods. Critical findings revealed that the unemployment rate has risen among males and females and the youth, as well as the number of retrenchments. The services sector, specifically the wholesale, retail, trade, and hotel industry showed the highest number of retrenchments. Some important unemployment issues were also covered in this study, including the demand for employment, the role of government and business, and the effect of the gig economy on the current employment landscape. The avenue for future studies can focus on additional societal effects that could prevent the country from attaining the SDGs by 2030.

A Study on Success Factors for Entrepreneurs in IT Ventures (IT 창업 기업의 창업 성공 요인에 대한 연구)

  • Shin, Yu-Sub;Choi, Myeong-Gil
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.11 no.7
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    • pp.2371-2385
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    • 2010
  • What are the success factors of IT venture entrepreneur that through initial phase and enter to the growth phase ? Both the duration of jobless growth and the economic recession are worsening employment market. Entrepreneurship is be proposed to a method for creating jobs and reducing the economic gap. Research on Entrepreneurship and the support of government policy has already been operated for a long time ago. Research on growth and duration of the entrepreneur in initial phase, compared with growth phase are insignificant in quantity or quality. Therefore, this study researches essential factors about growth and duration of the entrepreneur in the initial phase through cases related them. entrepreneur of this subject are classified the hardware development group and the software development group associated with manufacturing characteristic funded existence. There is a research on evaluation factors about selection and result evaluation of selecting Entrepreneur. And this can be investigated by studying to Entrepreneur's growth and duration in initial phase. There are affecting factors about growth and duration of first step. And they are divided by internal, external, synthetic, and characteristic factors of growth phase. The result of this study is be used to develop pre-established educational program, consulting guidelines and establish support policy.