Each regional labor market has its own characteristics which are different from the aggregate labor market. It is necessary for a regional labor market to be applied its own labor market policies. But we are not familiar with the concept of regiona...
Each regional labor market has its own characteristics which are different from the aggregate labor market. It is necessary for a regional labor market to be applied its own labor market policies. But we are not familiar with the concept of regional labor market. This study aims to compare the aggregate labor market and Chonbuk regional labor market. Looking at the aggregate labor market data and Conbuk labor market, we compare population structure and its change, employment structure- industry and employment status -, labor union and relation, wage and labor productivity. To examine the efficiency of job search and worker-recruiting, we estimate job matching function using vacancy and unemployment data. The results of this study tell us that Chonbuk regional labor market is different from the national aggregate labor market and that we need region-specific policies. Based on the results, we suggest some active regional labor market policies.