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Record Nr. |
UNINA9910960500403321 |
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Autore |
Elekdag Selim |
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Titolo |
Social Spending in Korea : : Can it Foster Sustainable and Inclusive Growth? / / Selim Elekdag |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2012 |
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ISBN |
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9781475587968 |
1475587961 |
9781475532586 |
147553258X |
9781283866835 |
1283866838 |
9781475588323 |
1475588321 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (22 p.) |
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Collana |
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IMF Working Papers |
IMF working paper ; ; WP/12/250 |
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Disciplina |
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Soggetti |
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Human services - Korea |
Labor |
Macroeconomics |
Demography |
Aggregate Factor Income Distribution |
Demand and Supply of Labor: General |
Personal Income, Wealth, and Their Distributions |
Economic Growth and Aggregate Productivity: General |
Economics of the Elderly |
Economics of the Handicapped |
Non-labor Market Discrimination |
Labour |
income economics |
Economic growth |
Population & demography |
Income inequality |
Labor markets |
Personal income |
Inclusive growth |
Aging |
National accounts |
Population and demographics |
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Income distribution |
Labor market |
Income |
Economic development |
Population aging |
Income economics |
Korea Economic conditions |
Korea, Republic of |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Cover; Contents; I. Introduction; II. Social Spending and Economic Growth; Figures; 1. Real GDP Growth; 2. Population Projections; 3. Female Labor Force Participation Rates; 4. OECD: Temporary Employment; III. How Can Social Spending Promote Sustainable Growth?; 5. Service Sector Productivity Relative to Manufacturing in 2007; Tables; 1. Output Gains From Social Spending-Induced Labor Market Reforms; IV. Social Spending and Inclusive Growth; 6. OECD: Gini Coefficients and Relative Poverty Rates; 7. Income Inequality Indicators; 8. Unemployment Rates; 9. Social Spending Trends |
10. OECD: Social Spending in 200711. OECD: Social Spending Categories in 2007; 2. Social Spending Gap; 12. Selected Indicators Influencing the Social Spending Gap; V. Policy Implications; VI. Conclusion; Appendix; References |
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Sommario/riassunto |
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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. |
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