Journal Archive

Home > Journal Archive
Cover Image
  • P-ISSN 1738-656X
  • E-ISSN 2586-4130
Cite

한국개발연구. Vol. 35, No. 1, February 2013, pp. 33-61

https://doi.org/10.23895/kdijep.2013.35.1.33

× KDI Open Access is a program of fully open access journals to facilitate the widest possible dissemination of high-quality research. All research articles published in KDI JEP are immediately, permanently and freely available online for everyone to read, download and share in terms of the Creative Commons Attribution 4.0 International License.

Support System over the Lifecycle: A Cross-Country Comparison

Sang-Hyop Lee

Author & Article History

Manuscript received 11 September 2012; revision received 12 September 2012; accepted 25 January 2013.

Abstract

I describe the complex support systems around the world, focusing on their importance for economic growth and fiscal sustainability. Familial transfers for old age support are somewhat significant in some Asian economies including Korea, although they deteriorate quite rapidly. Public transfer systems are less significant in Korea compared with most OECD member countries. This is important because Korea has had the opportunity to develop sustainable systems less encumbered by obligations made to current and future generations. Relying on accumulated assets rather than transfers helped countries create capital-intensive economies that can maintain standards of living. This is true for Korea, but the question of how the labor and capital market will respond to the rapidly changing social welfare system remains as a critical question.

Keywords

Social Welfare(사회복지), Economic Lifecycle(경제수명주기), Population Aging(고령화), Fiscal Sustainability(재정 지속 가능성)

JEL Code

H30, I31, J14, E21

상단으로 이동

KDIJEP