Korea’s Unemployment Insurance in the 1998 Asian Financial Crisis and Adjustments in the 2008 Global Financial Crisis
AbstractThis paper analyzes the impacts of the 1998 and 2008 financial crises on the Korean labor market. They study the historical background of the Korean Employment Insurance System and the change of labor policies from the 1998 Asian financial crisis to the current 2008 global financial crisis. While it is arguable to say that the expansion of the social welfare system in the Republic of Korea is main source of difference between the two crises, it is certain that the social welfare system is one of the influential factors that helped overcome the problems of the global financial crisis. [ADBI Working Paper 214]
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Date of creation: Nov 2010
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Korean; labor; market; Asian; financial; global;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-11-13 (All new papers)
- NEP-IAS-2010-11-13 (Insurance Economics)
- NEP-SEA-2010-11-13 (South East Asia)
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- Goulding, Kristine, 2013. "Gender dimensions of national employment policies : a 24-country study," ILO Working Papers 484309, International Labour Organization.
- Goulding, Kristine, 2013. "Gender dimensions of national employment policies : a 24-country study," ILO Working Papers 483583, International Labour Organization.
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