However, youth employment has in fact declined quite sharply since 1996, while, unlike the OECD average, unemployment has risen. More needs to be done, says a new report, Jobs for Youth: Korea.Click here for larger graph. Over a third of young workers get trapped in so-called “non-regular” short contracts with limited career prospects, while many graduates cannot find jobs to fit their skills. Jobs for Youth: Korea identifies several reasons. First, the rapid expansion of tertiary education has led to skill mismatches. Second, regulatory obstacles deepen divisions in the job market. And third, unemployed youth, particularly those with less qualifications, need more support when seeking a job. The report makes several recommendations to update the education system and labour market regulatory framework, including to better link education and work, reform employment protection legislation, and prioritise less qualified youth.

Jobs for Youth: Korea is the latest in a series by the OECD covering some 16 countries. Order it at www.oecdbookshop.org.

©OECD Observer No. 264/265, December 2007-January 2008