Social Spending in Korea : : Can it Foster Sustainable and Inclusive Growth? / / Selim Elekdag

• Autore: Elekdag Selim
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2012
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (22 p.)
• Disciplina: 338.1270
• Soggetto topico: 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; Income distribution; Labor market; Income; Economic development; Population aging; Income economics
• Soggetto geografico: Korea Economic conditions; Korea, Republic of
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: 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
• Sommario/riassunto: 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.
• Titolo autorizzato: Social Spending in Korea
• ISBN: 1-4755-8796-1; 1-4755-3258-X; 1-283-86683-8; 1-4755-8832-1
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910810659403321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2012/250