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Labour Market Policies to Promote Growth and Social Cohesion in Korea

Author

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  • Randall S. Jones

    (OECD)

  • Satoshi Urasawa

    (OECD)

Abstract

Labour market reform to improve growth prospects and reduce inequality is a top priority in the face of rapid population ageing and a dualistic labour market. Sustaining output growth requires policies to mitigate the impact of rapid population ageing by increasing labour inputs from under-employed segments of the population. In particular, female labour participation should be encouraged by better work-life balance and increasing the availability of highquality, affordable childcare. More flexible employment and wage systems would increase the age at which older workers leave firms. For young people, improved vocational education at the secondary and tertiary levels would help overcome the labour mismatch and the overemphasis on tertiary education. Labour market dualism creates serious equity concerns, as non-regular workers face significantly lower wages, precarious jobs, less coverage by social security and less training. A comprehensive approach is required to break down dualism, including reduced employment protection for regular workers, alongside improved social insurance coverage and expanded training for non-regular workers. This Working Paper relates to the 2012 OECD Economic Survey of Korea (www.oecd.org/eco/surveys/Korea). Réformer le marché du travail pour stimuler la croissance et améliorer la cohésion sociale en Corée La réforme du marché du travail pour améliorer les perspectives de croissance et réduire les inégalités est une priorité absolue face au vieillissement rapide de la population et à un marché du travail dual. Pour soutenir la croissance de la production, les autorités coréennes doivent prendre des mesures pour compenser les effets du vieillissement de la population, en renforçant l’apport de travail des catégories de population sous-employés. Il convient notamment de renforcer le taux d’activité des femmes, en leur assurant des conditions d’emploi permettant de mieux concilier vie professionnelle et vie privée et en améliorant l’offre de services de garde de qualité et à moindre coût. Une plus grande flexibilité des systèmes d’emploi et de rémunération permettrait aux travailleurs âgés de poursuivre leur activité professionnelle. Quant aux jeunes, l’amélioration de la formation professionnelle dans le secondaire et le supérieur contribuerait à résoudre les problèmes d’adéquation entre offre et demande de compétences et de survalorisation de l'enseignement supérieur. Le dualisme engendre de graves problèmes d’équité, car les travailleurs temporaires perçoivent des salaires nettement inférieurs, occupent des emplois précaires, bénéficient d’une couverture sociale plus limitée et d’un moindre accès à la formation. Il faut adopter une approche globale pour briser le dualisme, notamment en réduisant la protection de l’emploi pour les travailleurs réguliers, en améliorant la couverture sociale pour les travailleurs non réguliers et en développant les formations offertes à ces travailleurs. Ce Document de travail se rapporte à l’Étude économique de l’OCDE de la Corée, 2012 (www.oecd.org/eco/etudes/japon).

Suggested Citation

  • Randall S. Jones & Satoshi Urasawa, 2013. "Labour Market Policies to Promote Growth and Social Cohesion in Korea," OECD Economics Department Working Papers 1068, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:1068-en
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    File URL: http://dx.doi.org/10.1787/5k43nxrmq8xx-en
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    More about this item

    Keywords

    activité des femmes; contrats à durée déterminée; Corée; dispatched workers; dualism; dualisme; employment protection; female employment; fertility rate; fixed-term contracts; formation professionnelle; Korea; Korean economy; labour force participation rates; labour market; marchés du travail; non-regular workers; older workers; part-time workers; protection de l'emploi; taux de fécondité; taux de participation; travailleurs intérimaires; travailleurs non réguliers; travailleurs à temps partiel; travailleurs âgés; vocational training; work-life balance; équilibre entre travail et vie familiale;

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining
    • J7 - Labor and Demographic Economics - - Labor Discrimination

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