Low Youth Employment in Korea Part 1:The “Golden Ticket Syndrome”

Low Youth Employment in Korea Part 1:The “Golden Ticket Syndrome”

The employment rate for Korean youth (aged 15-29) is well below the OECD average (Figure 1), with negative consequences for the young people concerned and the economy. Youth unemployment and inactivity have a long-term scarring effect that reduces employment rates later in life and increases the chance of becoming non-regular workers with low wages, with…