LEADER 05479oam 22012494 450 001 9910779331703321 005 20230802005651.0 010 $a1-4755-8796-1 010 $a1-4755-3258-X 010 $a1-283-86683-8 010 $a1-4755-8832-1 035 $a(CKB)2550000000709418 035 $a(EBL)1607027 035 $a(SSID)ssj0000943245 035 $a(PQKBManifestationID)11515179 035 $a(PQKBTitleCode)TC0000943245 035 $a(PQKBWorkID)10977206 035 $a(PQKB)10803126 035 $a(MiAaPQ)EBC1607027 035 $a(Au-PeEL)EBL1607027 035 $a(CaPaEBR)ebr10635341 035 $a(CaONFJC)MIL417933 035 $a(OCoLC)870245078 035 $a(IMF)WPIEE2012250 035 $a(IMF)WPIEA2012250 035 $a(EXLCZ)992550000000709418 100 $a20020129d2012 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aSocial Spending in Korea : $eCan it Foster Sustainable and Inclusive Growth? /$fSelim Elekdag 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2012. 215 $a1 online resource (22 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/12/250 300 $aDescription based upon print version of record. 311 $a1-4755-4921-0 320 $aIncludes bibliographical references. 327 $aCover; 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 327 $a10. 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 330 3 $aGoing forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a gradual increase in social spending could promote more sustainable and inclusive growth in Korea. In particular, simulation results suggest that social spending which supports labor market reforms can boost longer-term growth. However, despite rapid increases recently?albeit from a low base?there is still a social spending gap relative to Korea?s OECD peers. Because of several fiscal challenges in the coming decades, increases in social spending should be incremental, and would be usefully guided by a longer-term fiscal framework. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2012/250 606 $aHuman services$zKorea 606 $aLabor$2imf 606 $aMacroeconomics$2imf 606 $aDemography$2imf 606 $aAggregate Factor Income Distribution$2imf 606 $aDemand and Supply of Labor: General$2imf 606 $aPersonal Income, Wealth, and Their Distributions$2imf 606 $aEconomic Growth and Aggregate Productivity: General$2imf 606 $aEconomics of the Elderly$2imf 606 $aEconomics of the Handicapped$2imf 606 $aNon-labor Market Discrimination$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aEconomic growth$2imf 606 $aPopulation & demography$2imf 606 $aIncome inequality$2imf 606 $aLabor markets$2imf 606 $aPersonal income$2imf 606 $aInclusive growth$2imf 606 $aAging$2imf 606 $aNational accounts$2imf 606 $aPopulation and demographics$2imf 606 $aIncome distribution$2imf 606 $aLabor market$2imf 606 $aIncome$2imf 606 $aEconomic development$2imf 606 $aPopulation aging$2imf 607 $aKorea$xEconomic conditions 607 $aKorea, Republic of$2imf 615 0$aHuman services 615 7$aLabor 615 7$aMacroeconomics 615 7$aDemography 615 7$aAggregate Factor Income Distribution 615 7$aDemand and Supply of Labor: General 615 7$aPersonal Income, Wealth, and Their Distributions 615 7$aEconomic Growth and Aggregate Productivity: General 615 7$aEconomics of the Elderly 615 7$aEconomics of the Handicapped 615 7$aNon-labor Market Discrimination 615 7$aLabour 615 7$aincome economics 615 7$aEconomic growth 615 7$aPopulation & demography 615 7$aIncome inequality 615 7$aLabor markets 615 7$aPersonal income 615 7$aInclusive growth 615 7$aAging 615 7$aNational accounts 615 7$aPopulation and demographics 615 7$aIncome distribution 615 7$aLabor market 615 7$aIncome 615 7$aEconomic development 615 7$aPopulation aging 700 $aElekdag$b Selim$01104193 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910779331703321 996 $aSocial Spending in Korea$93824727 997 $aUNINA