Download or read book Social Spending in Korea written by Selim Elekdag and published by International Monetary Fund. This book was released on 2012-10-19 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a gradual increase in social spending could promote more sustainable and inclusive growth in Korea. In particular, simulation results suggest that social spending which supports labor market reforms can boost longer-term growth. However, despite rapid increases recently—albeit from a low base—there is still a social spending gap relative to Korea’s OECD peers. Because of several fiscal challenges in the coming decades, increases in social spending should be incremental, and would be usefully guided by a longer-term fiscal framework.

Download or read book Long term Projection of Social Expenditure in Korea written by The Korea Institute for Health and Social Affairs (South Korea) and published by 길잡이미디어. This book was released on 2014-12-10 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter 1 Research Background, Objectives and Structure Ⅰ. Research background Ⅱ. Research objectives and structure Chapter 2 OECD SOCX Categories Ⅰ. OECD SOCX Ⅱ. Application of OECD SOCX to the 2013 Korean government budget Ⅲ. Limits of applying OECD SOCX classification to Korea, and future tasks Chapter 3 Expenditure Projection Method Ⅰ. Overview Ⅱ. Expenditure projection method Chapter 4 Social Insurance Fiscal Projections Ⅰ. National Pension Ⅱ. Civil service occupational pensions Ⅲ. National Health Insurance (NHI) and Long-term Care Insurance for the Elderly (LTCIE) Ⅳ. Unemployment Insurance (UI) and Workers Compensation Insurance (WCI) Chapter 5 Projections of Social Expenditure Finance by General Revenue (other than Social Insurance) Ⅰ. Programs for structured long-term projection model Ⅱ. Programs for simple projection model Chapter 6 Social Expenditure Projection Results and International Comparison Ⅰ. Social expenditure projection results Ⅱ. Social expenditure in major OECD countries Chapter 7 Conclusion and Policy Implications Ⅱ. Summary Ⅱ. Policy implications ￭References ￭Appendices [Appendix 1] Demographic and economic assumptions [Appendix 2] Application of the inflation rate as the rate of increase in general fiscal expenditure

Download or read book Public Social Spending in Korea in the Context of Rapid Population Ageing written by Randall S. Jones and published by . This book was released on 2008 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Public Social Spending in Korea in the Context of Rapid Population Ageing written by and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Social Policies in an Age of Austerity written by John Karl Scholz and published by Edward Elgar Publishing. This book was released on 2015-06-29 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social Policies in an Age of Austerity is the first major publication on the topic, with a particular interest in the United States and the Republic of Korea. The authors of the ten chapters in this book review recent developments in social policies in

Download or read book Social Welfare During the Structural Adjustment Period in Korea written by Sang-mok Sŏ and published by . This book was released on 1986 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Study on the Relationship between the Level of Social Expenditure and National Burden and the Economic Competitiveness written by Gun-Chun Ryu and published by 길잡이미디어. This book was released on 2013-11-27 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: CHAPTER 1 Introduction 1. Issues at hand and the need for this study 2. Purpose 3. Content CHAPTER 2 Previous Studies and Theoretical Background 1. Literature Review 2. Theoretical Background CHAPTER 3 Data Source and Analysis Methodology 1. Data Source 2. Analysis Methodology CHAPTER 4 Analysis Outcome 1. Categorization of 'Low-level, Low-welfare' and 'High-level, High-welfare' 2. Enablers and Economic Status and Competitiveness CHAPTER 5 Conclusion and Policy Implications References The current financial crisis in Southern Europe is not only posing a threat to the valuation of the euro but also raising concern over the sustainability of the European welfare model. Bolstered by continuous economic growth in the wake of World War II, European states have managed to develop a high-burden/high-benefit welfare model. However, amid aging society driven by low birth rates and an extended life expectancy as well as the recent sluggish economic growth, high spending and dwindling incomes inevitably followed, triggering government deficits to surge. Consequently, European countries including the financially vulnerable Greece, Spain, Portugal and Italy have introduced and are still implementing a range of restructuring measures such as a cut in pension/healthcare benefits, lifting of the eligible age for retirement, etc. in an effort to tackle the budget crisis facing them. As a result, skeptical views on the sustainability of their high-burden/high-benefit model have ensued. One of motivations behind this study is our recognition that such assessment can be too facile. It is true that of Europe's typical high-burden, High-benefit platforms, the ones employed by some Southern European countries are currently under scrutiny, yet the welfare models prevailing in Northern Europe are positively reviewed by global comparison, thus casting little doubt over their sustainability for now. Even for the welfare model of continental European countries, a mixture of views are present. Specifically, little concern is raised about Germany as it has successfully taken proactive actions for welfare reform as opposed to France. Having said that, we believe it is not fair to criticize the whole European welfare system just because the welfare models adopted by southern European countries are struggling with the matter of sustainability. The key to the present issue is not only the size of tax burden and welfare spending but the relation between welfare-enabling economic fundamentals and the level of social issues deemed tolerable. Any welfare model adopted by a country can be viewed appropriate, regardless of high-burden, High-benefit or low-burden/low-benefit, as long as it is selected by people through a political process and managed at a level that withstands social issues while forming a virtuous cycle with the underlying economy. Another factor considered significant for maintaining welfare at a sustainable level is whether the relevant country has the capacity to properly respond when the dynamically selected welfare model encounters any problems.In this respect, it appears unreasonable to simply regard the latest welfare reform triggered by fiscal deficits in Europe as the discarding of European welfare framework. For a prudent judgment, an overall analysis should be conducted for any selections made in the process of politics, a virtuous cycle forged between the underlying economy and healthcare/welfare, degrees of social issues managed by the welfare system, government's response to problems, etc. In this study, we'd like to proceed with our discussion based on the recognition that a virtuous cycle of welfare and economy is most crucial. To this end, it is important to identify regular patterns between the level of welfare spending and tax burden, and the economic competitiveness.

Download or read book Social Forces and States written by Judith Teichman and published by Stanford University Press. This book was released on 2012-06-13 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the failure of market reform to generate sustained growth in many countries of the Global South, poverty reduction has become an urgent moral and political issue in the last several decades. In practice, considerable research shows that high levels of inequality are likely to produce high levels of criminal and political violence. On the road to development, states cannot but grapple with the challenges posed by poverty and wealth distribution. Social Forces and States explains the reasons behind distinct distributional and poverty outcomes in three countries: South Korea, Chile, and Mexico. South Korea has successfully reduced poverty and has kept inequality low. Chile has reduced poverty but inequality remains high. Mexico has confronted higher levels of poverty and high inequality than either of the other countries. Judith Teichman takes a comparative historical approach, focusing upon the impact of the interaction between social forces and states. Distinct from approaches that explain social well-being through a comparative examination of social welfare regimes, this book probes more deeply, incorporating a careful consideration of how historical contexts and political struggles shaped very different development trajectories, welfare arrangements, and social possibilities.

Download or read book OECD Economic Surveys Korea 2018 written by OECD and published by OECD Publishing. This book was released on 2018-06-20 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth picked up in 2017, but reforms are needed to sustain Korea's convergence toward the income levels in the most advanced countries. Its labour productivity is 46% below the top half of OECD countries, reflecting problems in the service sector. In addition, productivity in small ...

Download or read book Fiscal Sustainability Test on Social Spending written by Kang Koo Lee and published by . This book was released on 2018 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social welfare expenditure in Korea has rapidly increased to resolve the problems due to the low birth rate and aging population. Moreover, the amount of social welfare expenditure is expected to rise significantly in the future. In this manner, we tried to answer the following questions in this paper: (1) is the social spending sustainable? (2) do the experiences of advanced countries prove the fiscal sustainability while social spending rising? We conducted panel cointegration tests on OECD countries dataset during 1995~2014. Having done the cointegration tests on Canada, France, Germany, Netherlands, and Norway, with their individual time-series data, the fiscal sustainability of social spending is shown to maintain by these countries. The fiscal sustainability between tax revenues and social spending has been found to maintain by the within-panel cointegration and between-panel cointegration tests.

Download or read book Welfare Geography and the Changing World of Welfare Municipalities written by Dong-Ho Jang and published by . This book was released on 2008 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Social Trust and Economic Development written by O. Yul Kwon and published by Edward Elgar Publishing. This book was released on 2019 with total page 547 pages. Available in PDF, EPUB and Kindle. Book excerpt: In just one generation, South Korea has transformed from a recipient of foreign aid to a member of the G20. In this informative book, South Korea is used as a case by which to explore and illustrate specific issues arising from the complex relationships between the nation’s economic development and society. p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial}

Download or read book Pathways to State Welfare in Korea written by Gyu-Jin Hwang and published by Taylor & Francis. This book was released on 2017-03-02 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why has Korean social policy developed differently from that of other East Asian countries? While in many respects Korea can be compared with Taiwan, Hong Kong and Singapore, where economic development has been the chief priority of state action, Korea has also implemented extensive welfare reform, expanding its welfare provision even under recent conditions of economic downturn. Gyu-Jin Hwang traces the development of the Korean welfare state, providing a fascinating case study for observers of East Asian industrial growth and the public management of social risks. Arguing that the extension of state welfare presents a unique challenge to existing theoretical propositions underlying social policy development, he draws on detailed empirical analysis of key policy areas, namely public assistance, national pensions, health care and employment insurance. The book offers a definitive analysis of the development of Korean social policy programmes and the politics of implementing them. The book will be important reading for all those interested in comparative Social Policy and more specifically the development of Social Welfare in Asian countries.

Download or read book Analysis of Net Tax Burden in Korea written by The Korea Institute for Health and Social Affairs (South Korea) and published by 길잡이미디어. This book was released on 2014-12-31 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent days, there is an active discussion on the size of the social welfare expenditures. We need to evaluate first on the efficiency of current fiscal expenditure, because the source of the government expenditure is mostly financed by tax. Specifically, we need to investigate whether the expenditure properly attain its original objective, the effectiveness of the short- and long-term expenditures, and the appropriateness of the size of the government expenditures. In this research, we investigated the burden of net-tax by income decile group. The net tax is defined as the difference between taxes and benefits. A micro-simulation model for the tax-benefit model is started to be developed with the basis of this research. Major findings can be summarized as follows. The overall average amount of the market income per month is 3,430 thousand Won. The monthly amount for the first income decile is 210 thousand Won, 2,830 Won for the fifth dcecile, and 8,920 thousand Won for the richest decile. Private transfer varies according to the income decile groups. It is 100 thousand Won for the first decile group, 110 thosand Won for the fifth decile group, and 220 thousand Won for the tenth income decile group. On the other hand, the public transfers are heavily concentrated on the lowest income decile group. 380 thousand Won per month for the lowest income decile group. 220 thousand Won for the second lowest income decile group, 130 thousand Won for the third income decile group. For the richest income decile, the amount of the public transfer per month is only 60 thousand Won per month. Thanks to the public transfers, the total income from the lowest income decile group tose to 800 thousand Won, and 1,610 won for the second income decile group. The amount of the public transfer decreases as the income increase, it is clear that the public transfers serve as a useful policy instrument for the income redistribution. Regarding income tax burden, the overall burden per household is 130 thousand Won per household. By income deciile, it is zero or very close to zero for the income decile up to the foth decile group, but the tenth (richest) income decile group paid 400 thousand Won per month. These figures are close to Sung Myong-jae et al. (2010) but slightly lower than those of Park Ki-baek (2010). One reason why we have this kind of result is due to the fact that almost lower half of the workers are not paying income taxes. For the social security burden is concerned, the average burden per month is 350 thousand Won. It is 30 thousand Won for the lowest income decile group, 60 thousand Won for the second decile group, and the highest income decile group pays 420 thousand Won per month. The average magnitude for the disposable income is 3,360 thousand Won per month. It is 750 thousand Won for the lowest income decile, 1,530 thousand Won for the second lowest income decile group, 2,920 thousand Won for the fifth income decile group, and 3,360 thousand Won for the highest income decile group. The overall burden for the value-added tax is 180 thousand Won per month. 80 thousand Won for the lowest income decile group, 110 thousand Won for the second lowest income group, 170 thousand Won for the fifth decile group, and 330 thousand Won for the highest income decile group. The benefit distribution of the in-kind social benefits by decile can be summarized as follows: 320 thousand Won for the lowest income decile group, 290 thousand Won for the second lowest income deciles group, whereas the amount for the fifth income decile and above is 510-570 thousand Won and is quite stable. CHAPTER 1 Introduction 1.1 Motivation 1.2 Objevtives and Organization CHAPTER 2 Summary of Previous Literatiure 2.1 Analysis of Pure Public Goods 2.2 Summary of Previous Literature? 2.3 Tax-Benefit Model CHAPTER 3 Data and Methodology 3.1 Analysis of the Distribution of Tax Burden 3.2 Analysis of the Distribution of Benefits CHAPTER 4 Analysis of Net Tax Burden 4.1 Analysis of the Tax Burden by Income Decile 4.2 Progressivity and Horizontal Equity of tax 4.3 Analysis of Net tax Burden CHAPTER 5 Summary and Implications? 5.1 Summary of Findings 5.2 Implications and Future Direction Reference

Download or read book Social and Economic Policies in Korea written by Dong-Myeon Shin and published by Routledge. This book was released on 2003-12-08 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: A unique explanation of the development of Korean social policy using the concepts of 'policy idea', 'policy network' and 'policy-linkages' to examine the causes, patterns and consequences of state interventions in the economy and social affairs.

Download or read book Modernizing the Korean Welfare State written by Dr. Ramesh Mishra and published by Transaction Publishers. This book was released on 2004 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Service of the Engine is a common local Chichewa-English expression in the Malawian fishing village where the author did her fieldwork. It refers to the practice of taking various pills--known locally as Ciba--in order to prevent and cure diseases associated with sex. This study explores the sensitive interface between the use of pharmaceuticals, available through an extensive informal distribution system, and self-treatment of sex-related diseases. The author examines morally sensitive situations in which men and women opt for Ciba, and evaluates its efficacy, or effectiveness. The discussion not only covers physical and metaphorical aspects of efficacy, but also the possible social and moral effects of medication. It offers a fresh and empirically grounded perspective on the links between efficacy, sex-related diseases and moralities. Birgitte Bruun graduated from the Institute of Anthropology, University of Copenhagen, Denmark and is currently working with reproductive health projects for United Nations Population Fund (UNFPA) in Jakarta, Indonesia.

Download or read book Economic Development and the Distribution of Welfare in Korea written by Pilsoo Jung and published by . This book was released on 1989 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: