With recent social problems of youth unemployment and late marriage, the report suggests that measures should be taken to foster early employment. (Image : Kobizmedia / Korea Bizwire)
SEOUL, Dec. 31 (Korea Bizwire) — If young job seekers find job a year early, their first marriage is likely to occur three months earlier, according to a report from the National Assembly Budget Office.
The report is based on a youth panel survey, which tracks approximately 10,000 young adults aged 15 to 29.
The number of participants with a job and number of married participants confirms that the earlier a young adult gets a job, more financially secure they become for marriage.
With recent social problems of youth unemployment and late marriage, the report suggests that measures should be taken to foster early employment.
Last year, the average age of first marriage for men was 32.9, compared to 30.2 for women.
The later adults postpone marriage, the more likely they will have fewer children, making an already low birthrate even lower, which could eventually hamper economic growth.
The report further confirmed that young adults are employed more quickly if their first job is stable and at a larger corporation.
This analysis is due to the tendency of job seekers who prepare to find jobs at large corporations lower their standards to temporary and small businesses when they fail to get a job.
Thus, the report concludes that for young South Koreans to get married early, stable employment is required and preferred jobs should be available on the job market.
D. M. Park (dmpark@koreabizwire.com)
