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020129s2018 dcu o i00 0 eng d |
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|z 9781484357934
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|a 1018-5941
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|a 10.5089/9781484357934.001
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|a Schauer, Johanna.
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|a Labor Market Duality in Korea /
|c Johanna Schauer.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2018.
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| 300 |
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|a 1 online resource (36 pages)
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|a text
|b txt
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|2 rdamedia.
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|a IMF Working Papers.
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3 |
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|a Labor market duality is a complex and critical issue for many countries that can lower productivity, contribute to inequality and result in negative externalities. In this paper, I study duality in the Korean labor market and analyze its sources and potential policy options. I find that employment protection legislations and large productivity differentials are the key drivers of Korea's duality. In addition, applying a general equilibrium search-and-matching model and calibrating it to the Korean economy, I show that well-calibrated flexicurity policies can significantly reduce duality and inequality and raise welfare and productivity. Notably, the introduction of all three pillars-flexiblity, a strong safety net and active labor market policies-is critical for its success. If only one pillar is introduced it can result in negative side-effects and might not reduce duality.
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|a Description based on print version record.
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0 |
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|i Print Version:
|a Schauer, Johanna
|t Labor Market Duality in Korea
|d Washington, D.C. : International Monetary Fund, 2021.
|z 9781484357934.
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| 830 |
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0 |
|a IMF working paper ;
|v WP/2018/126.
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|u http://elibrary.imf.org/view/journals/001/2018/126/001.2018.issue-126-en.xml
|z Full Text (via IMF e-Library)
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|a .b109419698
|b 05-02-23
|c 04-07-20
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|a University of Colorado Boulder
|b Online
|c Online
|d Online
|i web
|n 1
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