• 산경연구논집
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• 제13권12호
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• pp.33-39
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• 2022

Purpose: This research investigates the paths of some important economic variables: government domestic product (GDP), capital accumulation, unemployment rates. Decreasing GDP, declining capital accumulation and higher unemployment affect to South Korea economy. The macroeconomic policies discussed are all capital financed accumulation policy and an enactment of unemployment regulation. Research design, data and methodology: The GDP, capital accumulation rates and unemployment rates are the main macroeconomic issues in the South Korea. This research studies the correlations of the GDP, capital accumulation, and unemployment rates by time series data from 2000 to 2005 in a Vector Autoregressive (VAR). Results: The first, GDP relates a positive effect between the GDP and capital accumulation in the long term. The second, there is the negative relationship between GDP and unemployment rates. Economic growth was strongly supported by employment growth and by declining unemployment. The third, There is positive relationship between unemployment rates and capital accumulation. Conclusions: This research provides that fiscal policy introduce to increasing GDP, private investments and employment rates. The GDP should be major on capital accumulation to increase employment rates in South Korea.

• 한국사회복지학
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• 제45권
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• pp.7-39
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• 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.

• Journal of Preventive Medicine and Public Health
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• 제36권1호
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• pp.85-91
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• 2003

Objectives : We investigated the effects of the economic growth and unemployment rates on the suicide rate in Korea, between 1983 and 2000, using a time-series regression model. The purpose of this study was to model and test the magnitude of the rate of suicide, with the Korean unemployment rate and GDP. Methods : Using suicide rate per 100,000 Koreans and the unemployment rates between 1983 and 2000, as published by the Korea National Statistical Office, and the rate of fluctuation of the Korean GDP (Gross Domestic Product), as provided by the Bank of Korea, as an index of the economic growth rate, a time-series regression analysis, with a first-order autoregressive regression model, was peformed. Results : An 81.5% of the variability in the suicide rate was explained by GDP, and 82.6% Of that was explained by the unemployment rate. It was also observed that the GDP negatively correlated with the suicide rate, while the unemployment and suicide rates were positively correlated. For subjects aged over 20, both the GDP and unemployment rate were found to be a significant factors in explaining suicide rates, with coefficients of determination of 86.5 and 87.9%, respectively. For subjects aged under 20, however, only the GDP was found to be a significant factor in explaning suicide rates (the coefficient of determination is 38.4%). Conclusion : It was found that the suicide rate was closely related to the National's economic status of Korea, which is similar to the results found in studies in other countries. We expected, therefore, that this study could be used as the basis for further suicide-related studies.

• 한국사회복지학
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• 제63권3호
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• pp.187-211
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• 2011

본 연구는 OECD 18개국의 8년간(2000-2007년) 패널자료를 이용한 결합회귀분석에 의해 적극적 노동시장정책이 실업률에 미치는 영향을 분석해본 후, 한국의 적극적노동시장정책 개선과 관련된 시사점을 찾아보고자 했다. 분석결과, 적극적노동시장정책은 실업률에 부적으로 영향을 미치며, 둘째 적극적노동시장정책 세부 프로그램 중 직업훈련은 실업률에 부적으로 영향을 미치고, 셋째 구직서비스와 고용보조는 부분적으로 실업률에 부적으로 영향을 미치는 것으로 나타났다. 한국의 적극적노동시장정책 개선과 관련된 시사점으로, 첫째 적극적 노동시장정책을 확대하고 체계적으로 정립할 필요가 있으며, 둘째 직업훈련 프로그램을 노동수요에 맞추어 체계화 전문화해야 하고, 셋째 고용보조의 경우 대체효과, 전치효과, 자중손실효과가 적도록 프로그램을 계획 운영할 필요가 있으며, 넷째 구직서비스의 경우 실업률 감소에만 초점을 두지 말고 재실업 예방, 소득불평등 완화, 생산성 향상 등을 고려한 정책을 개발 추진할 필요가 있다.

• The Journal of Asian Finance, Economics and Business
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• 제6권2호
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• pp.269-275
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• 2019

This study intended to examine the relationship between inflation and unemployment rate in Indonesia during 1987 to 2018 period. The study applied a quantitative method using Vector Error Correction Model (VECM) in order to comprehensively understand the causality between inflation and unemployment rates. The data were collected from various main sources including the World Bank, Central Bank of Indonesia, and Central Bureau of Statistics (BPS). The findings showed that inflation has a one-way relationship toward unemployment in Indonesia and it occurs at the third lag. Impulse Response Function (IRF), shows that the inflation rate are fluctuating in response to the shock of unemployment. The unemployment rate responses to shocks from inflation initially increased until it is eventually diminished. It shows that the shocks caused by the impact of inflation were only in the short term. Further, inflation in the three previous lags will have consequences for the unemployment rate in the year. Lastly, both in the long run and short run, unemployment did not affect inflation rates. These findings suggest that high inflation in Indonesia is determined the rising price of basic commodities and fuel. In addition, most companies in Indonesia applying capital intensive so that employment growth in Indonesia is small.

• KDI Journal of Economic Policy
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• 제40권3호
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• pp.1-44
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• 2018

This paper studies the macroeconomic effects of an enhancement in unemployment benefits in Korea. In particular, I quantify the welfare effect of two specific policy chances which have been mainly discussed among policymakers in recent years: increasing wage replacement rates by 10%p and extending maximum benefit durations by one month. To this end, I build and calibrate an overlapping generation model which reflects the heterogeneity of the unemployed and the specificity of the unemployment insurance (UI) system in Korea. The quantitative analysis conducted here shows that extending maximum benefit durations by one month improves social welfare, whereas increasing wage replacement rates by 10%p deteriorates social welfare. Extending maximum benefit durations is applied to potentially all the UI recipients, including unemployed workers whose wage before job loss is relatively low and whose marginal utility is relatively high. However, increasing wage replacement rates is applied to only a small number of UI recipients whose wage before job loss is relatively high, while the increase in the UI premium is passed onto all of the employed. This study suggests that given the current UI system and economic environment in Korea, it is more desirable to extend maximum benefit durations rather than to increase wage replacement rates in terms of social welfare.

• 산경연구논집
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• 제9권3호
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• pp.19-29
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• 2018

Purpose - This study empirically analyses the changes in unemployment rates to understand push factors of generating wage pressure and how it affects the aggregate demand in Korea and the United States. We use a structural macroeconomic model which is centered on the labor market and simultaneously explains the natural rate of unemployment and deviations. Research design, data and methodology - We attempt to empirically analyse the unemployment rates through two countries to analyse the economic effects of real wages and aggregate demand between 2000 and 2016. We introduce having estimated the whole model that the growth of unemployment into the part caused by each of these factors. Results - The results of this study show that in the long run, there is not only a natural level of employment but also a natural level of real demand are positively related. in the short run, demand can vary from bring about changes in employment by means of price or wage surprises. Conclusions - The pressure of demand in the labor market shows up strongly in both countries. The estimated labor-demand equation are consistent with this framework and generally have well defined real wage and demand effects.

• 노동경제논집
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• 제38권2호
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• pp.1-24
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• 2015

본고에서는 구직률과 이직률을 이용해서 한국의 자연실업률을 추정하였다. 추정 결과, 한국은 IMF 경제위기 이후 구직률과 이직률이 모두 상승하는 추세를 보였으나, 자연실업률의 추세가 상승했다고 결론을 내릴 수는 없었다. 칼만필터 추정법에 의한 구직률, 이직률, 자연실업률의 추세 간의 관계를 볼 때, '일자리창출(Job Creation)'과 '일자리 파괴(Job Destruction)'가 동반 상승했음을 추론할 수 있다.

• 한국사회복지학
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• 제36권
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• pp.229-257
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• 1998

'한국사회가 직면하고 있는 대량 실업사태와 고실업 구조가 소득불평등 구조에 어떤 변화를 초래할 것인지', 그리고 '고실업의 부정적 영향을 최소화 하는 정책방향은 무엇인지' 등의 정책적 함의를 도출하여 보고자 하는 취지에서, 본 연구에서는 80년대 이후 고실업의 위기를 경험한 서구 복지국가들을 대상으로 실업율과 소득불평등간 관계 및 실업의 불평등 효과에의 영향 요인들을 실증 분석하여 보았다. 분석결과에서는 실업율과 불평등 변화 추세에 대한 분석을 통해 국가별 실업율의 변화 추세와 불평등 수준의 변화 추세가 일치되지는 않고 있음을, 즉 국가에 따라 이들간 관계가 상이하다는 점을 확인할 수 있었다. 그렇다면, 이러한 실업의 불평등 효과의 국가간 차이를 규정하는 요인이 무엇인지를 살펴보기 위해, 관련 변수들을 투입하여 회귀분석한 결과, 경제성장율, 경제발전수준 및 국제시장 포섭수준 등의 경제적 요인들은 실업의 불평등 효과 결정에 유의미한 영향을 미치지 못한 것으로 나타났다. 이와는 달리, 사회복지 발전수준 및 노조조직율 등의 정책적 및 정치적 요인은 실업율 증대가 야기하는 불평등 증대 효과를 50% 정도 감소시키는 것으로 분석되었다. 이러한 분석결과는 동일하게 경기불황을 경험하고 있음에도 불구하고 서구 복지국가들에서 불평등 추이가 상이한 것은 사회복지 발전수준 및 노동계충의 세력화 수준에서 비롯된 것임을 시사하여 준다. 이상의 분석결과들에 비추어 본다면, 현 시점에서의 한국사회의 위기극복전략, 즉 사회복지수준의 제고 보다는 경제부문의 구조조정에 우선순위를 부여하고 있는 정책방향은 대량실업사태가 야기할 사회계층구조에의 부정적 폐해를 감안하지 못하고 있다는 점에서 타당치 못한 것으로 평가되며, 이에 대한 전면적인 재고가 요청된다는 점을 교훈으로 시사받을 수 있다.

• KDI Journal of Economic Policy
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• 제39권4호
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• pp.69-94
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• 2017

This paper re-examines the impacts an institutional arrangement may have on labour market outcomes such as the employment and unemployment rates. Based on the results from a generalized econometric model, the generosity of unemployment insurance benefits, organized labour and active labour market policy have effects on a labour market in line with previous findings. However, taxes on labour and the degree of employment protection are found to affect neither the employment rate nor the unemployment rate. Thus, some findings in this paper validate earlier findings, whereas others do not.