• Journal of Labour Economics
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• v.28 no.3
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• pp.111-139
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• 2005

This study analyzed employment instability, defining the increase of employment instability as 'a greater possibility of losing a job and a declining possibility of re-employment'. Flow variable measurements showed that the extent of employment instability was higher post 2000 compared to the period of before financial crisis. When considering the status of workers, such an increase in employment instability can be characterized by a greater possibility of unemployment for daily workers. If this is examined in conjunction with job creation and destruction, employment instability is increased not because there are less jobs being created but because there is an actual decline in the number of jobs and also because the jobs that are being created are mostly temporary. On the other hand the increased instability is due to the large-scaled public work policy under the financial crisis.