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Exit duration and unemployment determinants for Korean graduates

Author

Listed:
  • Lim, Jung-Yon

    (Vocational Education and Training Institute, Korea Polytechnics, Incheon, South Korea)

  • Lee, Young-Min

    (Graduate School of Human Resource Development, Sookmyung Women's University, Seoul, South Korea)

Abstract

"This study aims to resolve Korea's youth unemployment problem by analyzing the exit duration and unemployment determinants for college graduates in Korea. More specifically, it identifies the factors that improve young people's employability by examining the impact of individual and college characteristics, employment preparation behavior, self-esteem, and job-seeking activities during college on reducing unemployment. Data from the eighth to 11th Korean Education and Employment Panel surveys are compiled and analyzed. A survival analysis and Cox proportional hazards model are used. Survival analysis is a useful statistical method for data analysis to describe, explain, or predict the occurrence and timing of a particular event. College graduates differ in their employment preparation behavior based on their individual and college characteristics. Women focus more on achieving a good grade point average. Men are more active in seeking jobs, with the type of college and major subjects affecting their participation in on-the-job training. Second, the longer a college graduate's unemployment exit duration is, the less likely it becomes that he or she will escape from unemployment. Third, self-esteem is an important factor in increasing the likelihood of escaping from unemployment. Fourth, while job-seeking activities have a positive effect on escaping unemployment, excessive employment preparation behavior has a negative effect. The paper deals with a serious problematic situation of Korea's youth unemployment. Significant results were identified and several research implications were proposed to make potential contributions for future research on youth unemployment." (Author's abstract, © Springer-Verlag) ((en))

Suggested Citation

  • Lim, Jung-Yon & Lee, Young-Min, 2019. "Exit duration and unemployment determinants for Korean graduates," Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 53(1), pages 1-5.
    • Handle: RePEc:iab:iabjlr:v:53:p:art.05
    DOI: 10.1186/s12651-019-0255-2
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    References listed on IDEAS

    as
    1. Schmid, Günther, 2013. "Youth Unemployment in Korea: From a German and Transitional Labour Market Point of View," IZA Policy Papers 63, Institute of Labor Economics (IZA).
    2. Ruhm, Christopher J, 1997. "Is High School Employment Consumption or Investment?," Journal of Labor Economics, University of Chicago Press, vol. 15(4), pages 735-776, October.
    3. Jaison R. Abel & Richard Deitz & Yaquin Su, 2014. "Are recent college graduates finding good jobs?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 20.
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    Cited by:

    1. Mário Papík & Paulína Miha¾ová & Lenka Papíková, 2022. "Determinants of youth unemployment rate: case of Slovakia," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 17(2), pages 391-414, June.
    2. Ivana Malá & Adam Èabla, 2022. "Modelling of the Unemployment Duration in the Czech Republic Based on Aggregated Complete and Individual Censored Data," Journal of Economics / Ekonomicky casopis, Institute of Economic Research, Slovak Academy of Sciences, vol. 70(2), pages 171-187, January.
    3. Wooi Chen Khoo & Kim Leng Yeah & Shun Yi Hong, 2022. "Modeling unemployment duration, determinants and insurance premium pricing of Malaysia: insights from an upper middle-income developing country," SN Business & Economics, Springer, vol. 2(8), pages 1-25, August.
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    5. Mesfin Welderufael Berhe, 2021. "Empirical analysis of urban youth unemployment in Ethiopia," African Development Review, African Development Bank, vol. 33(1), pages 104-116, March.

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    More about this item

    Keywords

    Südkorea ; berufliche Integration ; Berufseinmündung ; Bewerbungsverhalten ; Determinanten ; geschlechtsspezifische Faktoren ; Hochschulabsolventen ; Jugendarbeitslosigkeit ; on-the-job training ; Persönlichkeitsmerkmale ; Studienerfolg ; Arbeitslosigkeit ; Arbeitslosigkeitsdauer ; Arbeitsuche ; 2004-2015;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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