"To assess the impact of the Asian financial crisis on job stability in the Republic of Korea, the authors examine changes in average tenure, the proportion of shorttenured workers and job-retention rates from the mid- to late-1990s using household survey data from the Korean Labor and Income Panel Survey. For a comparative perspective, their findings are also discussed in the light of similar indicators of the United States? labour market. The 1997 financial crisis turns out to have had a particularly adverse impact on the job stability of workers in non-standard employment, women and longer-tenured, less-educated and older workers."

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