Social spending in Korea: can it foster sustainable and inclusive growth/
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Bibliographische Detailangaben
1. Verfasser: Elekdag, Selim (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] International Monetary Fund c2012
Schriftenreihe:IMF working paper WP/12/250
Schlagworte:
Online-Zugang:Volltext
Beschreibung:Title from PDF title page (IMF Web site, viewed Oct. 25, 2012). - "Asia and Pacific Department.". - "October 17, 2012."
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
Includes bibliographical references
Beschreibung:1 Online-Ressource (21 p.)
ISBN:9781475532586
147553258X

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