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Korea’s Unemployment Insurance in the 1998 Asian Financial Crisis and Adjustments in the 2008 Global Financial Crisis

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  • Sung Teak Kim

Abstract

This paper analyzes the impacts of the 1998 and 2008 financial crises on the Korean labor market. They study the historical background of the Korean Employment Insurance System and the change of labor policies from the 1998 Asian financial crisis to the current 2008 global financial crisis. While it is arguable to say that the expansion of the social welfare system in the Republic of Korea is main source of difference between the two crises, it is certain that the social welfare system is one of the influential factors that helped overcome the problems of the global financial crisis. [ADBI Working Paper 214]

Suggested Citation

  • Sung Teak Kim, 2010. "Korea’s Unemployment Insurance in the 1998 Asian Financial Crisis and Adjustments in the 2008 Global Financial Crisis," Working Papers id:3131, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:3131
    Note: Institutional Papers
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    Citations

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    Cited by:

    1. Ahn, Taehyun, 2018. "Assessing the effects of reemployment bonuses on job search: A regression discontinuity approach," Journal of Public Economics, Elsevier, vol. 165(C), pages 82-100.
    2. repec:ilo:ilowps:484309 is not listed on IDEAS
    3. repec:ilo:ilowps:994835833402676 is not listed on IDEAS
    4. Yang, Sungpil., 2015. "The public employment service in the Republic of Korea," ILO Working Papers 994901023402676, International Labour Organization.
    5. repec:ilo:ilowps:483583 is not listed on IDEAS
    6. Su Jin Kang & Wonseok Seo, 2022. "Do People Determine Their Subjective Socioeconomic Status Based on the Housing Type and Residential Neighborhood? Empirical Evidence from Seoul," Land, MDPI, vol. 11(11), pages 1-22, November.
    7. repec:ilo:ilowps:466165 is not listed on IDEAS
    8. Goulding, Kristine., 2013. "Gender dimensions of national employment policies : a 24-country study," ILO Working Papers 994843093402676, International Labour Organization.
    9. Forbes, Kinisha., 2011. "Inequality in crisis and recovery : revealing the divides: the case of the Republic of Korea," ILO Working Papers 994661653402676, International Labour Organization.

    More about this item

    Keywords

    Korean; labor; market; Asian; financial; global;
    All these keywords.

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