The Effect of Labor Market Polarization on the College Students' Employment

40 Pages Posted: 25 Jan 2017

See all articles by Sungyup Chung

Sungyup Chung

Bank of Korea Economic Research Institute

Date Written: January 26, 2017

Abstract

This paper aims to assess the effect of the labor market environment on various aspects of college students’ job market related behaviors. In some cases, college students hide or evade their unemployment status by extending school registration or transferring to another school. By estimating the effect of the macroeconomic variables on college students’ labor market related outcomes, it is found that labor market polarization has a significant effect on both the nominal unemployment and the hidden actions of college students. It implies that the labor market structure is a key element in understanding youth employment, and the youth labor policy should focus more on micro and institutional level of labor market reform.

Keywords: Labor market, Youth unemployment, Cox proportional hazard model

JEL Classification: C24, J31, J40, J81

Suggested Citation

Chung, Sungyup, The Effect of Labor Market Polarization on the College Students' Employment (January 26, 2017). Bank of Korea WP 2017-4. Available at SSRN: https://ssrn.com/abstract=2904747 or http://dx.doi.org/10.2139/ssrn.2904747

Sungyup Chung (Contact Author)

Bank of Korea Economic Research Institute ( email )

39, Namdaemun-ro, Jung-gu
Seoul, 04531
Korea, Republic of (South Korea)

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