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|z 9781484357934
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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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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|a 1 online resource (36 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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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 Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2018/126
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2018/126/001.2018.issue-126-en.xml
|z IMF e-Library
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