The purpose of this study is to analyze the factors determining youth employment by examining groups varying in academic achievement and in the major field of study, ultimately to lay a foundation for effective youth employment policy The primary data...
The purpose of this study is to analyze the factors determining youth employment by examining groups varying in academic achievement and in the major field of study, ultimately to lay a foundation for effective youth employment policy The primary data used in this research is the results of auxiliary survey conducted on youth workforce as part of tile Korean Labor and Income Panel Survey. 3,302 young people of ages between 15 to 29 as of 1 May 2000 participated in the survey, and 1,577 respondents were selected as sample for this research.
Different approaches were taken to identify the factors affecting youth employment. first, it was found that the results varied when the sample group was analyzed as a whole and when it was divided into smaller groups by academic achievement and the major field of study. Second, analysis of the sample group divided into different categories produced variation in the sign, size and significance of the variables.
The transition of youth from school to work is more difficult than ever as the labor market undergoes dramatic change. Moreover, demand for entry level labor force is diminishing as employers look for more experienced workers. The government policy on youth employment should be based on a concrete assessment of the youth labor market and its changes if it is to be efficient and effective.