The Labor Market Policy and Social Safety Net in Korea: After the 1997 Crisis
www.brookings.edu
The social safety net for those who are not qualified for unemployment insurance is extremely limited. Only a few of those workers are eligible for public assistance. The minimum level of benefits- Falling Wages and Rising Income Inequality Since the financial crisis of November 1997, however, the e
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- The social safety net for those who are not qualified for unemployment insurance is extremely limited. Only a few of those workers are eligible for public assistance.
- The minimum level of benefits-
- Falling Wages and Rising Income Inequality
- Since the financial crisis of November 1997, however, the economy has experienced a sharp downturn:
- The significance of unemployment trends lies in that the sharp rise in unemployment in 1998 was mostly due to the bankruptcy of small and medium-sized firms, not to the restructuring of large-scale firms.
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