Abstract
Neoliberal policies after 1997 financial crisis aimed at liberalizing labor market led to growing unemployment and increasing numbers of people employed in non-standard manner (NSE). In author’s opinion, basic reason for drastic income level differentiation in Korean society, greater uncertainty regarding stable employment is structure and labor conditions of NSE-workers. To resolve NSE problem, change in labor income share is suggested.
Keywords
financial crisis, labor market, non-standard employment, incomes differentiation, labor income
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