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|c 5.00 USD
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|z 9781475549218
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|a 1018-5941
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|c BD-DhAAL
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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 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 IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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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 Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2012/250
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2012/250/001.2012.issue-250-en.xml
|z IMF e-Library
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