This paper analyzes the impacts of the 1998 and 2008 financial crises on the Korean labor market. We 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...

Die vorliegende Arbeit untersucht die Arbeitsmarkt- und Sozialpolitik Südkoreas seit der Wirtschaftskrise 1997 und versucht ein Verständnis des koreanischen "welfare state" herauszubilden. Im Zentrum der detailierten Untersuchung stehen die Diskussionen über ökonomische Globalisierung und...

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...

Protecting people, rather than specific jobs, plays a key role in promoting labour-market inclusiveness and dynamism. Effective unemployment benefits reduce inequality, and raise productivity by facilitating a good match between workers’ skills and job requirements. They are a crucial policy...