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 agepension system and the labor market, where the majority of youth are workingin precarious jobs. We discuss the interplay between pension funds and theincrease in young atypical workers by studying the case of Italy and the Republicof Korea, closely analyzing the projected benefit level of both standard and nonstandard workers among the youth population in Korea in order to assess whereyoung workers will find themselves after retirement age and what Korea canlearn from the case of Italy.