2015
DOI: 10.2139/ssrn.2946771
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: (Employment Policies in Low Growth Period: Case Studies and Empirical Analyses on European Countries)

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“…This metric offers a more comprehensive understanding of labor market engagement, particularly for groups often underrepresented in unemployment statistics, such as the youth and the elderly. This perspective is supported by the fact that Korea’s labor force participation rate is lower than that of other Organization for Economic Co-operation and Development countries, indicating a discrepancy that is not captured by the unemployment rate alone (Kang et al , 2015). The labor force participation rate, representing the ratio of employed individuals to the total population, serves as a more accurate gauge of active employment compared to the unemployment rate, which does not account for individuals who have ceased job-seeking activities or who are underemployed (European Central Bank, 2014).…”
Section: Methodology and Datamentioning
confidence: 99%
“…This metric offers a more comprehensive understanding of labor market engagement, particularly for groups often underrepresented in unemployment statistics, such as the youth and the elderly. This perspective is supported by the fact that Korea’s labor force participation rate is lower than that of other Organization for Economic Co-operation and Development countries, indicating a discrepancy that is not captured by the unemployment rate alone (Kang et al , 2015). The labor force participation rate, representing the ratio of employed individuals to the total population, serves as a more accurate gauge of active employment compared to the unemployment rate, which does not account for individuals who have ceased job-seeking activities or who are underemployed (European Central Bank, 2014).…”
Section: Methodology and Datamentioning
confidence: 99%