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(Working Paper 2017-08/Employment and Labor Policies in Transition: Employment) Youth Employment: Reality and Beginnings of Improvement (Working Paper 2017-08/Employment and Labor Policies in Transition: Employment) Youth Employment: Reality and Beginnings of Improvement
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(Working Paper 2017-08/Employment and Labor Policies in Transition: Employment) Youth Employment: Reality and Beginnings of Improvement

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(Working Paper 2017-08/Employment and Labor Policies in Transition: Employment) Youth Employment: Reality and Beginnings of Improvement
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  • Youth employment has become one of the most serious issues of Korean society. It is defying all attempts by not only the central government and local authorities but also the private sector and universities, and continues its downhill slide. Rising unemployment and worsening job quality resulting from economic stagnation have most heavily affected young people, the relatively employment-disadvantaged group. The widening income gap might lead to the labor market being replaced with older workers who need post-retirement income. Resolving the employment issues of young people, the backbone of the national economy, society and the labor market, is the most pressing employment issue for Korea today.

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