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Comprehensive Evaluation of the Youth Labor Market Policy: Literature Review
Comprehensive Evaluation of the Youth Labor Market Policy: Literature Review
  • Table of Contents

    Chapter 1. Introduction (Seung-Yeol Yee)

    Chapter 2. Labor Market Policies for Youths (Seung-Yeol Yee)

    Chapter 3. Job Training (Sun Jung Oh)

    Chapter 4. Employment Service (Seung-Yeol Yee)

    Chapter 5. Hiring Incentive (Jin-Young Kim)

    Chapter 6. Start-up Support (Se-Um Kim)

    Chapter 7. Unemployment Benefits (Jae Min Seong)

    Chapter 8. Youth Allowance and Youth Dividend (Min-Ki Hong)

    Chapter 9. Conclusion: Suggestions for Comprehensive Assessment of Labor Market Policies for Youths (Seung-Yeol Yee)  

  • SUMMARY

    Youth-specific labor market policies have continued through the 16th-18th administrations of Korea, albeit with difference in details. But as of Sept. 2017, employment rate and unemployment rate among the 15-29 age group stand at 42.6% and 9.2% respectively, making the year-on-year youth employment growth worse than that in 2000.

     

    It is within this context that we need to take stock of how much impact youth-targeted labor market policies have made on improving their employment problems. This study is intended as a 5-year comprehensive assessment on the government’s youth-related programs including fiscal job projects. This first part of the study consists of in-depth review on reports and papers evaluating youth-specific labor market policies to prepare for an overall assessment.

     

    There are different types of youth job programs: job creation, job skill development, employment service, employment incentives and start-up support. They commonly fall under the realm of so-called active labor market programs (ALMPs). Passive labor market programs include unemployment benefits. Although Korea does not have national unemployment assistance benefits, similar programs have been recently implemented in some municipalities: Seoul’s Youth Allowance and Seongnam’s Youth Dividend. This report has been drafted as part of the Korea Labor Institute’s 5-year study (2017-2021) “Comprehensive Study on How to Effectively Create Youth Jobs.” As there is a separate and contemporaneous study underway on job creation policies, this report includes unemployment benefits and youth allowance/dividend instead of job creation programs.

     

    Literature review on the 6 labor market programs described above has yielded the following commonalities. First, prior studies failed to sufficiently account for the heterogeneities of policy program participants and non-participants when making comparisons. For future assessment of youth-targeted labor market policies, it is important to identify data that can fully consider the heterogeneities between participants and non-participants.

     

    Second, as much as inter-group heterogeneities, there are also intra-group heterogeneities within the participants. Arguably this is the factor that led to differences in the outcome. This is an important fact that should be considered in assessments of other labor market policies, the outcome of which could redefine the policy direction or objectives.

     

    Third, long-term observation is needed. Given that the data source is mostly cross-sectional studies, it comes with the limitation that the dynamic characteristics of labor mobility in youth are less visible. To observe such dynamics would require accumulation of long-term data.

     

    Fourth, performance could be different by policy program. Job training was found to have a bigger impact on employment than on wage, but employment service affected both wage and employment. Attempts to measure the varying outcome of different programs must continue.

     

    Last, a new approach is needed for the next year. Given that a multitude of policy programs are being implemented by the central government and local authorities, it is necessary to first identify which, if any, programs are similar to each other. Then it should be determined, upon review, whether these similar programs should be consolidated or maintained separately. In addition, there should be attempts to compare standalone programs with package programs: i.e. the effectiveness of a program as part of a package (e.g. Employment Success Package or Internship) and as a standalone should be compared against each other. It must be remembered that these different approaches to policy evaluation can be enabled only on the foundation of datasets that compile information of various types and sources. There should be collaboration between researchers and policymakers to allow use of administrative data for policy evaluation to the extent that privacy is not compromised. There should also be ways to link administrative data with periodic surveys to ensure timeliness and relevance of data.  

Seung-Yeol Yee's other publications : 22
{Research Series} posts
No Title Author Date Attach
22 Freelance, the Job of the Future (I): Content Creators Seung-Yeol Yee, Yong-Kwan Lee, Sangkyu Lee December 28, 2018 Freelance, the Job of the Future (I): Content Creators
21 A Study on Middle and Old-aged Self-employed Workers Seung-Yeol Yee, Yeong Jeong Son December 28, 2018 A Study on Middle and Old-aged Self-employed Workers
20 Old-Age Pension Beneficiaries: Labor Supply and Policy Tasks Seung-Yeol Yee December 29, 2017 Old-Age Pension Beneficiaries: Labor Supply and Policy Tasks
19 Comprehensive Evaluation of the Youth Labor Market Policy: Literature Review Seung-Yeol Yee, Se-Um Kim, Jin-Young Kim, Jae Min Seong, Sun Jung Oh, Min-Ki Hong December 29, 2017 Comprehensive Evaluation of the Youth Labor Market Policy: Literature Review
18 Status and Policy Challenges of Injured Workers: Return-to-Work After a Workplace Injury Seung-Yeol Yee, Seungwook Lee December 30, 2016 Status and Policy Challenges of Injured Workers: Return-to-Work After a Workplace Injury
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