Transition from School to Work before and after the '97 Korean Economic Crisis: Macroeconomic Context and Differential Impacts of Education

초록

Using the Korean Labor and Income Panel Study, this study examined the impact of the 1997Korean economic crisis on the transition from school to work among young Koreans. More specifically, this study analyzed the duration to the first-job after school and the type of work arrangements and occupational status of the first job before and after the economic crisis. Results show that the effect of labor-market transition timing varied across education levels. Highly educated young Koreans who entered the labor market since the crisis were at greater risk of first-job attainment compared to their pre-crisis counterparts but this was not the case for poorly educated young Koreans. Also, results show that educational differences in the risk of first-job attainment were much larger for males than for females since the crisis. Finally,regarding the quality of first jobs, the post-crisis cohort was significantly associated with nonstandard work and lower occupational status, regardless of the educational level.

키워드