Foreword i

Ⅰ. Employment (Hye-Won Kim/Jai-Joon Hur/Sung Mi Jung/Mibo Ahn) 1
I.1 Growth and Job Creation 3
I.2 Changes in Industry Structure and Jobs 9
I.3 Analysis of Long-Term Factors Affecting the Employment Rate 16
I.4 Structure of and Changes to the Unemployment Gap 23
I.5 Job Finding Probability and Job Separation Probability 32
I.6 Enhancement of the Status of Women in the Labor Market 42
I.7 Changes in Job Stability 47
I.8 Reasons for and the Persistence of Unemployment 52
I.9 Labor Market Participation of Older Adults 58
I.10 Influence of Foreign Labor on the Labor Market 64

Ⅱ. Wages (Jin-Ho Jeong/Seung Bok Kang) 73
II.1 Wages and Productivity 75
II.2 Wage Differentials by Firm Size 79
II.3 Wage Differentials by Gender and Educational Level 84
II.4 Seniority Wage 88
II.5 Wage Structure 92
II.6 Minimum Wage 96
II.7 Tax Wedge 102

Ⅲ. Working Life and Labor Market Policies
(Byung-Hee Lee/Jeong Ho Ban) 109
III.1 Income Distribution 111
III.2 Relative Poverty 116
III.3 Working Hours 119
III.4 Employment Services 124
III.5 Vocational Training 129
III.6 Unemployment Benefits 134
III.7 Industrial Accident Compensation Insurance 138
III.8 Social Security System 143

Ⅳ. Industrial Relations (Seong Jae Cho/Si-Kyun Lee) 151
IV.1 Unionization Rate 153
IV.2 Labor Union Organization Type 160
IV.3 Union Representation 166
IV.4 Union Wage Effects 170
IV.5 Labor-Management Conflicts 175
IV.6 Labor-Management Councils 184