• Korean Journal of Social Welfare
• /
• v.63 no.3
• /
• pp.187-211
• /
• 2011

This study examines the effects of active labor market policy on unemployment by pooled cross-section time series analysis utilizing panel data of 18 OECD countries, and seeks implications for improvements of the Korean active labor market policy. The results of the analysis are summarized as follows. First, active labor market policy negatively affects unemployment rates. Second, vacational training program among three major active labor market programs has a negative effect on unemployment rates. Third, employment service program and employment subsidy program have partially negative effects on unemployment rates. The implications for the Korean active labor market policy are as follows. First, it is necessary to expand and systematize active labor market policies. Second, vocational training programs should be systematized and professionalized according to labor demand. Third, employment subsidy programs need to be planned and carried out under the condition of minimizing a substitution effect, a displacement effect and a deadweight loss effect. Fourth, employment service programs need to be developed and carried out under the consideration of not only the reduction of unemployment rates but also the prevention of re-unemployment, mitigation of income inequality and improvement of productivity.

• Korean Journal of Labor Studies
• /
• v.19 no.1
• /
• pp.261-293
• /
• 2013

Sweden invited immigrant workers, mainly from Nordic countries and West European countries until the 1960s. But since the 1970s refugees and their family members have become the largest group of immigrants. As the composition of immigrants has changed significantly, and the labor market conditions have been aggravated, immigrants have had much difficulty in finding jobs. This has aroused policy debates concerning the reason why the immigrants are not well integrated into the labor market and how to solve the problem. While there is a broad consensus on micro reform policy alternatives, there are significant opinion gaps concerning major issues such as labor market flexibilization and immigration restrictions. It would seems that the poor results of immigrants' labor market integration may increase the pressure for labor market flexibilization and also bring about significant changes to the Swedish welfare state model designed on the premise of full employment.

• Journal of Labour Economics
• /
• v.33 no.3
• /
• pp.25-46
• /
• 2010

The outstanding performance of some nations in Central and Northern Europe such as Denmark and the Netherlands in the labor market is much indebted to their policy to help labor flexicurity. In this study, the possibility of replicating the Dutch or Danish performance in the labor market is explored in case of adopting such policy in the 22 OECD countries. If implementing the flexicurity policy in the 22 member countries of the OECD leads to strong performance in the labor market, this policy can be globally shared as universal labor policy to provide a win-win situation among the labor, management and the authorities on the matter, paving the way for replacing the Anglo-Saxon policy characterized by high flexibility and low security, or the European alternative with a lower level of flexibility and a higher level of security. According to findings from our research, flexicurity policy can not produce any tangible accomplishments in the labor market by only itself. Therefore, we may safely reach the conclusion that flexicurity policy has a limited positive influence on the labor market of some northern or central European countries. Given the striking difference in inherent conditions between such European countries and OECD countries, it is not sensible for OECD nations to adopt labor policy in the direction of flexicurity.

• Journal of Convergence Society for SMB
• /
• v.3 no.1
• /
• pp.7-13
• /
• 2013

It will prove that with a more plausible specification of the relationship between income and the value of leisure, we can develop a more accurate model of the labor market without necessarily losing the primary merit of the received model. Moreover, with an improved understanding of labor market dynamic we can see that progressive era labor market legislation, designed to mitigate the effects of bargaining power inequality in low wage labor markets, was in fact based upon sensible economic foundations. The results of this study as follow; These low-wage dynamics present an example of a positive feedback system or "vicious circle" at work in the economy. With the revised labor supply schedule presented above, the market dynamic of the low wage sector push the wage away from the range that is consistent with a self-regulating market.

• Journal of Korean Academy of Nursing
• /
• v.43 no.1
• /
• pp.39-49
• /
• 2013

Purpose: To analyze the structure of Korean nurse labor market and examine its effect on hospital nurse staffing. Methods: Secondary data were obtained from Statistics Korea, Education Statistics, and Health Insurance Review & Assessment Service and Patient Survey. Intensity of monopsony in the nurse labor market was measured by Herfindahl Hirshman Index (HHI). Hospital nurse staffing level was divided into high and low. While controlling for confounding factors such as inpatient days and severity mix of patients, effects of characteristics of nurse labor markets on nurse staffing levels were examined using multi-level logistic regressions. Results: For characteristics of nurse labor markets, metropolitan areas had high intensity of monopsony, while the capital area had competitive labor market and the unemployed nurse rate was higher than other areas. Among hospital characteristics, bed occupancy rate was significantly associated with nurse staffing levels. Among characteristics of nurse labor markets, the effect of HHI was indeterminable. Conclusion: The Korean nurse labor market has different structure between the capital and other metropolitan areas. But the effect of the structure of nurse labor market on nurse staffing levels is indeterminable. Characteristics such as occupancy rate and number of beds are significantly associated with nurse staffing levels. Further study in support of the effect of nurse labor market is needed.

• Korean Journal of Social Welfare
• /
• v.45
• /
• pp.7-39
• /
• 2001

This paper examines the effect of active labor market policy on the unemployment rates in 8 welfare states. This paper focuses on the following questions: what are the major predictors of the changes in unemployment rates?; and what is the effect of active labor market policy in reducing unemployment rates? Using the data from Comparative Welfare States Data Set by Stephens (1997), Key Indicators of the Labour Market by ILO (1999) and Social Expenditure Database by OECD (1999), this paper attempts to answer the above research questions. Fuller-Battese model, a data analysis method in pooled cross-sectional time-series analysis, is adopted to identify variables predicting changes in unemployment rates. This paper analyzes the predictors by using 3 analysis models about 2 types of unemployment (overall unemployment and long term unemployment). Results are as follows: (1) economic variable such as changes in GDP has a positive effect in reducing unemployment rates; (2) active labor market policy has a positive effect in reducing unemployment rates as well; (3) job brokering service among 3 major active labor market programs has a positive effect in reducing unemployment rates; and (4) there is an interaction effect between unemployment benefit level and active labor market policy in reducing unemployment rates. Through the empirical analysis, this paper provides valuable knowledge about effects of active labor market policy on unemployment in 8 welfare states and discusses implications for the active labor market policy in Korea.

• 한국사회정책
• /
• v.24 no.4
• /
• pp.185-222
• /
• 2017

The purpose of this study is to investigate the effect of labor market policy on fiscal soundness of welfare state. The analysis was carried out using cross-sectional panel data regression analysis, stepwise mediating effect analysis and system GMM designed by Baron and Kenny(1986) based on the data from 1985 to 2015 for 20 OECD countries. In setting up the analysis model, this study considers the interaction effect between active and passive labor market policies as well as the time sequence of the outcomes which have been overlooked in the previous studies. The result shows that labor market policies have significant impacts on the fiscal condition of welfare states, which is measured as the levels of national debt in this study. Especially the expenditure on active labor market programs has a positive effect on improving the fiscal soundness of welfare states by promoting the employment rate. In contrast, passive labor market programs expenditure is negatively associated with employment rate growth and it exacerbates the burden of national debt in the short-term. However, when active labor market programs and passive labor market programs are combined, the negative impacts by passive pabor market policies on the fiscal soundness of welfare states are off-set. Therefore this study addresses that although the expansion of the labor market policies can be inimical to the fiscal soundness of welfare states in the short-term, in the long run, they can have effective roles in securing and promoting the fiscal soundness of the welfare states by promoting the employment rate.

• Journal of the Korean Geographical Society
• /
• v.51 no.1
• /
• pp.41-56
• /
• 2016

This study investigates the employment and spatial mismatch as a significant acting factor of deepening urban poverty and analyses the placeness of regional labor market that the more efficient place-based labor market intervention needs to take into account. The change of unemployment rate as a regional labor market outcome in metropolitan cities is determined by the dynamic interaction between disequilibrium of labor supply and demand and employment mismatch according to various labor market conditions and its process is certainly differentiated across the metropolitan regional labor markets. In addition, it is analyzed that during the employment suburbanization the spatial mismatch puts differentiated impacts on different labor groups through human capital requirements and industry-selective job opportunities. As a result, because this whole process works with its unique process within individual regional labor markets, in order to link between urban poverty and employment mismatch and to promote problem-solving labor market intervention, we need to develop place-based policy based on the placeness of regional labor marekt.

• Journal of Labour Economics
• /
• v.43 no.4
• /
• pp.1-34
• /
• 2020

After the global financial crisis, doubts have been raised about the usefulness of traditional unemployment rate for the labor market slackness, hence, this study provides alternative indicators that can help estimate the labor market slackness in Korea, and investigates the degree of biasness of traditional indices of Korean labor market. In particular, this study intends to focus on the possibility of employing the labor underutilization index officially announced by Statistics Korea (KOSIS) from 2015. To do this, we first define the labor underutilization indices from 2003 to 2014 by applying current definitions of labor underutilization indices retrospectively to these periods. Based on these indices, the empirical analysis shows that the employment gap using labor underutilization indices is highly correlated with total output gap, and has significantly improved the performance of forecasting inflation rate compared to other labor market slackness indicators.

• Korea journal of population studies
• /
• v.35 no.2
• /
• pp.159-184
• /
• 2012

This study purports to analyze how individuals' labor market integration affect their transition to marriage. In doing so, I construct variables for job stability and continuity to represent labor market integration using labor force status and years of participation at the time of marriage and during the three years up to the point of marriage. In particular, I focus on differential effects of these labor market integration on the transition to marriage by cohorts: one for those who are likely to enter the labor market after the 1997 financial crisis and the other for those who are before the 1997 financial crisis. I used the Korean Labor and Income Panel Study and analyzed individuals aged above 18 in 2008. The main results are as follows. being currently employed and regular employment increases hazards of the first marriage for men but decreases them for women. long-term no-jobs decreases hazards of marriage for both women and men. long-term regular employment increases hazards of marriage for women but not for men at the statistically significant level. These effects vary by cohorts implying that recent economic and labor market instability deteriorated economic conditions for the youth making transitions to marriage.