Abstract

Background/Objectives: The purpose of this study is to track down the change of labor market status of young workers for a long period of time of 11 years to identify the characteristics of the best and poorest quality jobs using both objective indicator (hourly wages) and subjective indicator(job satisfaction).
 Methods: For this study, 1,351 young workers aged 20 to 39 in 2009 were analyzed using the combined individual data from the 12th wave (2009) to the 22nd wave (2019) of the Korean Labor and Income Panel Study (KLIPS) collected by the Korea Labor Institute. The analysis was conducted with frequency, ANOVA, Pearson’s correlation and Multiple regression analysis using the SPSS 22.0 program.
 Results: Hourly wages were higher in both types of the primary market group than ‘the trapped in the secondary market type’, but only the primary market continuation type showed higher job satisfaction than ‘the trapped in the secondary market type’. This study is theoretically and empirically meaningful in that it verified the differences in hourly wages and job satisfaction by type of labor market status change even in workers who have successfully maintained employment for 11 years, as well as in that it found out the effects of the privileges of the best quality job holders and the unfair penalties of the poorest quality job holders.
 Conclusion/Implications: Based on the above results, it is clearly obvious that integrated interventions in employment and social welfare are required before workers enter the labor market. In addition, strong policy measures must be implemented in order to both alleviate and break the gaps in labor market status of young workers.

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