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Study on the Labor Market Effects of Employment and Job Security
Study on the Labor Market Effects of Employment and Job Security
  • Table of Contents

    Chapter 1. Introduction (Yoo Bin Kim)

    Chapter 2. Current and Changing Status of Employment and Job Security and Workers’ Satisfaction (Yoo Bin Kim)

    Chapter 3. Analyzing the Individual Labor Market Effects of Employment and Job Security (Yoo Bin Kim)

    Chapter 4. Implementation of the Non-regular Worker Protection Law and Job Satisfaction Level (Chung Choe)

    Chapter 5. Summary and Conclusion (Yoo Bin Kim)

     

  • SUMMARY

    The issue of labor market stability has positioned itself as a major research subject in diverse academic fields such as economics, social studies and politics. It is closely associated not only with macro factors such as economic fluctuations, technological development, politics, institutions and social customs, but also with micro factors related to economy and labor markets at household and individual levels..

    Employment security generally means “a measure of how able workers are to keep their jobs for as long as they wish.” In defining the concept of employment security, this study considers a variety of factors in a comprehensive manner: factors related to working conditions such as income level, the number of years worked, and welfare benefits; job characteristics such as employment type and status; as well as macro aspects such as economic fluctuations, technological development, and changes in institutions and policies.

    In Korea, the issue of labor market stability has social, economic, and political implications that are more profound than in other nations because two financial crises in 1997 and 2007 caused a significant shock to its employment and job security, individuals’ happiness and life satisfaction levels. The extensive economic downturn during those periods caused a crack in employment security, resulting in an unprecedented fragmentation of the labor market, characterized by the increase of non-regular or indirect employment, redundancy, and outsourcing. Against such backdrop, this study seeks to define labor market stability from a multifaceted viewpoint, examine the correlations among the aforementioned conditions, and analyze the ripple effects of individual labor markets.

    Chapter 2 presents the operational definition of employment and job security, and examines the related variables, the current and changing status of workers’ satisfaction. Chapter 3 analyzes the individual labor market effects of employment and job security. Comparing the number of years worked depending on the employment type of the first job indicates that there is a notable difference in employment security between regular employees and non-regular ones. And statistical significance is observed in the employment types and status with a relatively low level of employment security resulting in a reduced number of years worked. Chapter 4 analyzes the effect of the law on the protection of non-regular workers which was enforced in 2007 on the job satisfaction level of non-regular workers. Since the purpose of the law is to improve the working conditions for non-regular workers such as fixed-term and part-time workers, to ensure employment security, and to protect their rights, a quantitative analysis was carried out in this study to evaluate how the law affected the workers’ satisfaction level with their work environment, performance appraisal fairness, welfare, and job overall.

     

Yoo Bin Kim's other publications : 7
{Research Series} posts
No Title Author Date Attach
7 Study on How to Improve the Quality of Life for Youths Yoo Bin Kim, Dong Woo Kang, Sun Jung Oh, Donghoon Yoo, Ji-Eun Lee December 28, 2018 Study on How to Improve the Quality of Life for Youths
6 Economic Activities of Households and Individuals in Korea: Basic Analysis Report on the 20th Wave of the Korean Labor and Income Panel Study (KLIPS) Yoo Bin Kim, Ju-Eun Lee, Syngjoo Choi, Seon-Ok Shin, Hyejung Lee, Hyun-Sang Jung December 28, 2018 Economic Activities of Households and Individuals in Korea: Basic Analysis Report on the 20th Wave of the Korean Labor and Income Panel Study (KLIPS)
5 Research on Panel Data Quality Improvement (VIII) Yoo Bin Kim, Inho Park, Ji-Eun Lee, Seon-Ok Shin, Hyejung Lee, Hyun-Sang Jung, Selim Choi, Kyong Won Park December 28, 2018 Research on Panel Data Quality Improvement (VIII)
4 Study on the Labor Market Effects of Employment and Job Security Yoo Bin Kim, Chung Choe December 28, 2018 Study on the Labor Market Effects of Employment and Job Security
3 Basic Analysis Report on the 1st~6th Waves of the Workplace Panel Survey (WPS): Current Status of Korea’s Labor Market Represented by Workplace Conditions Yoo bin Kim, Jungwoo Kim, Minsu Song, Kimin Kim December 28, 2018 Basic Analysis Report on the 1st~6th Waves of the Workplace Panel Survey (WPS): Current Status of Korea’s Labor Market Represented by Workplace Conditions
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