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Social spending in Korea : can it foster sustainable and inclusive growth /

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 p...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Elekdag, Selim
Autor Corporativo: International Monetary Fund. Asia and Pacific Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2012.
Colección:IMF working paper ; WP/12/250.
Temas:
Acceso en línea:Texto completo

MARC

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245 1 0 |a Social spending in Korea :  |b can it foster sustainable and inclusive growth /  |c prepared by Selim Elekdag. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2012. 
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500 |a Title from PDF title page (IMF Web site, viewed October 25, 2012). 
520 |a 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. 
504 |a Includes bibliographical references. 
500 |a "Asia and Pacific Department." 
500 |a "October 17, 2012." 
505 0 |a 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. 
505 8 |a 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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650 0 |a Government spending policy  |z Korea (South) 
650 0 |a Human services  |z Korea (South)  |x Finance. 
651 0 |a Korea (South)  |x Social policy. 
650 6 |a Dépenses publiques  |x Politique gouvernementale  |z Corée du Sud. 
650 6 |a Services sociaux  |z Corée du Sud  |x Finances. 
651 6 |a Corée du Sud  |x Politique sociale. 
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