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...
Gespeichert in:
| 1. Verfasser: | |
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| Körperschaft: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
|
| Schriftenreihe: | IMF working paper ;
WP/12/250. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed October 25, 2012). "Asia and Pacific Department." "October 17, 2012." |
| Beschreibung: | 1 online resource (21 pages) |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 9781475532586 147553258X |
Internformat
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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. | |
| 650 | 0 | |a Government spending policy |z Korea (South) | |
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| 776 | 0 | 8 | |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 |
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| author | Elekdag, Selim |
| author_GND | http://id.loc.gov/authorities/names/no2004039673 |
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| 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. |
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| geographic | Korea (South) Social policy. Corée du Sud Politique sociale. Korea (South) fast https://id.oclc.org/worldcat/entity/E39QbtfRg3kwbTgW8wMXD4yWrY |
| geographic_facet | Korea (South) Social policy. Corée du Sud Politique sociale. Korea (South) |
| id | ZDB-4-EBU-ocn814406168 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-16T15:03:52Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/no97006778 |
| isbn | 9781475532586 147553258X |
| language | English |
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| publishDate | 2012 |
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| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper ; |
| spelling | Elekdag, Selim. http://id.loc.gov/authorities/names/no2004039673 Social spending in Korea : can it foster sustainable and inclusive growth / prepared by Selim Elekdag. [Washington, D.C.] : International Monetary Fund, ©2012. 1 online resource (21 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 data file IMF working paper ; WP/12/250 Title from PDF title page (IMF Web site, viewed October 25, 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. "Asia and Pacific Department." "October 17, 2012." 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. Government spending policy Korea (South) Human services Korea (South) Finance. Korea (South) Social policy. Dépenses publiques Politique gouvernementale Corée du Sud. Services sociaux Corée du Sud Finances. Corée du Sud Politique sociale. BUSINESS & ECONOMICS Economics Macroeconomics. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Government spending policy fast Human services Finance fast Social policy fast Korea (South) fast https://id.oclc.org/worldcat/entity/E39QbtfRg3kwbTgW8wMXD4yWrY International Monetary Fund. Asia and Pacific Department. http://id.loc.gov/authorities/names/no97006778 has work: Social spending in Korea (Text) https://id.oclc.org/worldcat/entity/E39PCFJ7MWgpvQH44rwq3Rc4G3 https://id.oclc.org/worldcat/ontology/hasWork Print version: Elekdag, Selim. Social Spending in Korea: Can it Foster Sustainable and Inclusive Growth? Washington : International Monetary Fund, ©2012 9781475549218 IMF working paper ; WP/12/250. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=516440 Volltext |
| spellingShingle | Elekdag, Selim Social spending in Korea : can it foster sustainable and inclusive growth / IMF working paper ; 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. Government spending policy Korea (South) Human services Korea (South) Finance. Dépenses publiques Politique gouvernementale Corée du Sud. Services sociaux Corée du Sud Finances. BUSINESS & ECONOMICS Economics Macroeconomics. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Government spending policy fast Human services Finance fast Social policy fast |
| title | Social spending in Korea : can it foster sustainable and inclusive growth / |
| title_auth | Social spending in Korea : can it foster sustainable and inclusive growth / |
| title_exact_search | Social spending in Korea : can it foster sustainable and inclusive growth / |
| title_full | Social spending in Korea : can it foster sustainable and inclusive growth / prepared by Selim Elekdag. |
| title_fullStr | Social spending in Korea : can it foster sustainable and inclusive growth / prepared by Selim Elekdag. |
| title_full_unstemmed | Social spending in Korea : can it foster sustainable and inclusive growth / prepared by Selim Elekdag. |
| title_short | Social spending in Korea : |
| title_sort | social spending in korea can it foster sustainable and inclusive growth |
| title_sub | can it foster sustainable and inclusive growth / |
| topic | Government spending policy Korea (South) Human services Korea (South) Finance. Dépenses publiques Politique gouvernementale Corée du Sud. Services sociaux Corée du Sud Finances. BUSINESS & ECONOMICS Economics Macroeconomics. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Government spending policy fast Human services Finance fast Social policy fast |
| topic_facet | Government spending policy Korea (South) Human services Korea (South) Finance. Korea (South) Social policy. Dépenses publiques Politique gouvernementale Corée du Sud. Services sociaux Corée du Sud Finances. Corée du Sud Politique sociale. BUSINESS & ECONOMICS Economics Macroeconomics. POLITICAL SCIENCE Economic Conditions. Government spending policy Human services Finance Social policy Korea (South) |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=516440 |
| work_keys_str_mv | AT elekdagselim socialspendinginkoreacanitfostersustainableandinclusivegrowth AT internationalmonetaryfundasiaandpacificdepartment socialspendinginkoreacanitfostersustainableandinclusivegrowth |