- Volume 39
The primary purpose of this study is to empirically examine the determinants of reemployment of the unemployed after the crash of Korea's economy in 1997. This study also investigates the effects of the government unemployment programs on reemployment of the program beneficiaries. Using the data from the 1998 Survey on Unemployment Condition and Welfare Needs, co-directed by the Korea Institute of Health and Welfare and the Korea Institute of Labor Policy, a Cox regression analysis was conducted. The study results suggested that, in general, the government unemployment programs did not have noticeable effects on reemployment of the beneficiaries. The study, however, found that the effect of the government programs varied, depending on the mode of unemployment-exit, that is, full-time versus part-time reemployment. In addition, the effects of such factors on reemployment as socio-economic characteristics of the unemployed, characteristics of households with unemployed family members, and previous job characteristics are also examined. Based on the study findings, some policy implications are discussed, and suggestions are made for improving the current unemployment programs.