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|a Elekdag, Selim.
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|a Social spending in Korea :
|b can it foster sustainable and inclusive growth /
|c prepared by Selim Elekdag.
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|a [Washington, D.C.] :
|b International Monetary Fund,
|c ©2012.
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|a 1 online resource (21 pages)
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|a text
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|a online resource
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|a data file
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|a IMF working paper ;
|v WP/12/250
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|a Title from PDF title page (IMF Web site, viewed October 25, 2012).
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|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.
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|a Includes bibliographical references.
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|a "Asia and Pacific Department."
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|a "October 17, 2012."
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|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.
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|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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|a eBooks on EBSCOhost
|b EBSCO eBook Subscription Academic Collection - Worldwide
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650 |
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|a Government spending policy
|z Korea (South)
|
650 |
|
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|a Human services
|z Korea (South)
|x Finance.
|
651 |
|
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|a Korea (South)
|x Social policy.
|
650 |
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6 |
|a Dépenses publiques
|x Politique gouvernementale
|z Corée du Sud.
|
650 |
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|a Services sociaux
|z Corée du Sud
|x Finances.
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651 |
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|a Corée du Sud
|x Politique sociale.
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650 |
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|a BUSINESS & ECONOMICS
|x Economics
|x Macroeconomics.
|2 bisacsh
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|a POLITICAL SCIENCE
|x Economic Conditions.
|2 bisacsh
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|a Government spending policy.
|2 fast
|0 (OCoLC)fst00945615
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|
7 |
|a Human services
|x Finance.
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|
7 |
|a Social policy.
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|
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|
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|a Korea (South)
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|a International Monetary Fund.
|b Asia and Pacific Department.
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776 |
0 |
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|i Print version:
|a Elekdag, Selim.
|t Social Spending in Korea: Can it Foster Sustainable and Inclusive Growth?
|d Washington : International Monetary Fund, ©2012
|z 9781475549218
|
830 |
|
0 |
|a IMF working paper ;
|v WP/12/250.
|
856 |
4 |
0 |
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