| Description |
1 online resource (21 pages). |
| Physical Medium |
polychrome. |
| Description |
data file |
| Series |
IMF working paper ; WP/12/250
|
|
IMF working paper ; WP/12/250.
|
| Note |
Title from PDF title page (IMF Web site, viewed Oct. 25, 2012). |
| Summary |
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. |
| Bibliography |
Includes bibliographical references. |
| Note |
"Asia and Pacific Department." |
|
"October 17, 2012." |
| Contents |
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. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Government spending policy -- Korea (South)
|
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Government spending policy. |
|
Korea (South) |
|
Human services -- Korea (South) -- Finance.
|
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Human services. |
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Finance. |
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Korea (South) -- Social policy.
|
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Social policy. |
| Genre/Form |
Electronic books.
|
|
Electronic books.
|
| Added Author |
International Monetary Fund. Asia and Pacific Department.
|
| Other Form: |
Print version: Elekdag, Selim. Social Spending in Korea: Can it Foster Sustainable and Inclusive Growth? Washington : International Monetary Fund, ©2012 9781475549218 |
| ISBN |
9781475532586 (electronic book) |
|
147553258X (electronic book) |
|
9781475549218 |
|
