Precarious Working Youth and Pension Reform in the Republic of Korea and Italy

Abstract

This paper focuses on two aspects of the welfare state: the old age pension system and the labor market, where the majority of youth are working in precarious jobs. We discuss the interplay between pension funds and the increase in young atypical workers by studying the case of Italy and the Republic of Korea, closely analyzing the projected benefit level of both standard and nonstandard workers among the youth population in Korea in order to assess where young workers will find themselves after retirement age and what Korea can learn from the case of Italy.