Labor Market Slack and the Output Gap: The Case of Korea

Labor Market Slack and the Output Gap: The Case of Korea
Output gap estimates are widely used to inform macroeconomic policy decisions, including in Korea. The main determinant of these estimates is the measure of labor market slack. The traditional measure of unemployment in Korea yields an incomplete estimate of labor market slack, given that many workers prefer involuntary part-time jobs or leaving... READ MORE...

Publication date: August 2019
ISBN 9781513508344
$18.00

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