Addressing Korea's Long-Term Fiscal Challenges:
Korea is on the verge of an unprecedented demographic shift. In coming decades, rapid aging will transform it from one of the youngest populations in the OECD to among the oldest in record time. In turn, this shift will put tremendous pressure on the pension system and health and long-term care expe...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 08/27 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | Korea is on the verge of an unprecedented demographic shift. In coming decades, rapid aging will transform it from one of the youngest populations in the OECD to among the oldest in record time. In turn, this shift will put tremendous pressure on the pension system and health and long-term care expenditures. This paper evaluates the impact of population aging on the long-term fiscal position in Korea, and assesses potential policy responses using the IMF''s Global Fiscal Model. The paper finds that the key to maintaining a sound long-run fiscal position is to act early and with a range of policy tools, including pension reform, tax base broadening (and, if necessary, rate hikes), improved tax administration and some expenditure reallocation |
| Beschreibung: | 1 Online-Ressource (25 p) |
| ISBN: | 1451868898 9781451868890 |
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| index_date | 2024-07-03T20:13:26Z |
| indexdate | 2024-07-10T09:35:34Z |
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| series2 | IMF Working Papers |
| spelling | Syed, Murtaza H. Verfasser aut Addressing Korea's Long-Term Fiscal Challenges Syed, Murtaza H Washington, D.C International Monetary Fund 2008 1 Online-Ressource (25 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/27 Korea is on the verge of an unprecedented demographic shift. In coming decades, rapid aging will transform it from one of the youngest populations in the OECD to among the oldest in record time. In turn, this shift will put tremendous pressure on the pension system and health and long-term care expenditures. This paper evaluates the impact of population aging on the long-term fiscal position in Korea, and assesses potential policy responses using the IMF''s Global Fiscal Model. The paper finds that the key to maintaining a sound long-run fiscal position is to act early and with a range of policy tools, including pension reform, tax base broadening (and, if necessary, rate hikes), improved tax administration and some expenditure reallocation Online-Ausg Feyzioglu, Tarhan Sonstige oth Skaarup, Michael Sonstige oth http://elibrary.imf.org/view/IMF001/08948-9781451868890/08948-9781451868890/08948-9781451868890.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Syed, Murtaza H. Addressing Korea's Long-Term Fiscal Challenges |
| title | Addressing Korea's Long-Term Fiscal Challenges |
| title_auth | Addressing Korea's Long-Term Fiscal Challenges |
| title_exact_search | Addressing Korea's Long-Term Fiscal Challenges |
| title_exact_search_txtP | Addressing Korea's Long-Term Fiscal Challenges |
| title_full | Addressing Korea's Long-Term Fiscal Challenges Syed, Murtaza H |
| title_fullStr | Addressing Korea's Long-Term Fiscal Challenges Syed, Murtaza H |
| title_full_unstemmed | Addressing Korea's Long-Term Fiscal Challenges Syed, Murtaza H |
| title_short | Addressing Korea's Long-Term Fiscal Challenges |
| title_sort | addressing korea s long term fiscal challenges |
| url | http://elibrary.imf.org/view/IMF001/08948-9781451868890/08948-9781451868890/08948-9781451868890.xml |
| work_keys_str_mv | AT syedmurtazah addressingkoreaslongtermfiscalchallenges AT feyzioglutarhan addressingkoreaslongtermfiscalchallenges AT skaarupmichael addressingkoreaslongtermfiscalchallenges |