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Low Investment in Contingent Workers and its Negative Impact on Society: The Case of South Korea

Advances in the Economic Analysis of Participatory & Labor-Managed Firms

ISBN: 978-1-78560-379-2, eISBN: 978-1-78560-378-5

Publication date: 15 December 2015

Abstract

Using two nationally representative data sets, we examine the wages, benefits, and social insurance of contingent workers compared with standard employees in South Korea. In addition, we measure employers’ investments in their contingent workforce. Our results indicate that contingent workers have become the dominant form of labor in South Korea after the 1998 Asian financial crisis and are faced with working conditions that are discriminative compared with those of standard employees. We also find that employers’ investments in contingent workers as human resources, as well as the upward mobility of contingent workers, are limited in the Korean labor market. Overall, our findings provide a comprehensive understanding of the working poor, including the social exclusion of contingent workers in an advanced developing economy.

Keywords

Citation

Jung, H.-J., Kim, Y.-H. and Yoon, H. (2015), "Low Investment in Contingent Workers and its Negative Impact on Society: The Case of South Korea", Advances in the Economic Analysis of Participatory & Labor-Managed Firms (Advances in the Economic Analysis of Participatory & Labor-Managed Firms, Vol. 16), Emerald Group Publishing Limited, Leeds, pp. 173-198. https://doi.org/10.1108/S0885-333920150000016013

Publisher

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Emerald Group Publishing Limited

Copyright © 2015 Emerald Group Publishing Limited