Czasopismo
Tytuł artykułu
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Warianty tytułu
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Abstrakty
The South Korean pension system is a state-run PAYG social insurance system that has largely managed to avoid key problems common elsewhere. General state pensions arrived on the scene relatively late - in 1988 - in an economy dominated by small family firms and a familial social protection system. Despite financial surpluses, the system underwent two major reforms focused on sustainability, in 1997 and 2007. Recent discussions also highlight adequacy and old age poverty, with the prospect of rapid population ageing. Korea has combined PAYG finance with a large pension reserve - the second largest sovereign fund in the world - whilst also managing to preserve the unity of the system by applying common rules. (original abstract)
Czasopismo
Rocznik
Strony
31--38
Opis fizyczny
Twórcy
autor
- Universityof Pireus, Greece; London School of Economics, United Kingdom
Bibliografia
- Barr, N., Diamond, P.A. (2010), Pension Reform: A short Guide, OUP Bloomberg Inc, 2014, Korea's $400 Billion Pension Plans Hiring Spree for Push http://www.bloomberg.com/news/articles/2014-02-07/korea-s-400-billion-pension-plans-hiring-spree-for-push [access 4.06.2016].
- Bonoli, G., Shinkawa T. (2005), Population ageing and the logics of pension reform in Western Europe, East Asia and North America, in: Bonoli, G. and Shinkawa T., Ageing and Pension Reform Around the World. Evidence from Eleven Countries, Cheltenham, Edward Elgar, pp. 1-23.
- CIA (2015), The World Factbook, 2015 https://www.cia.gov/library/publications/the-world-factbook/geos/ ks.html [access 4.06.2016].
- Jung, I.-Y., Kim, H. (2015), Improving the Long-term Sustainability of Pension System in Korea: Focusing on the National Pension Scheme, NPS international conference, "The Long Term Sustainability of Public Pension", Jeonju, Korea, 29-30 October.
- Kim, Y.M., Kim, K.-S. (2005), Pension Reform in Korea: Conflict between social solidarity and long-term financial sustainability, in: Bonoli, G. and Shinkawa, T., Ageing and Pension Reform Around the World. Evidence from Eleven Countries, Cheltenham, Edward Elgar, pp. 208-229.
- National Pension Scheme Development Committee (NPSDC) (2013), 2013 National Pension Long-Term Actuarial Projection: Measures to Improve the National Pension Scheme, NPSDC, Seoul.
- OECD (2016), Pension spending (indicator), doi: 10.1787/a041f4ef-en [access 14.02.2016].
- OECD (2015), 'Korea' Pensions at a Glance 2015: OECD and G20 Indicators, OECD publishing Paris.
- Panageas, Tinios, P. (2016), "Pensions: Arresting a race to the bottom". In Reforming the Greek Economy, edited by C. Meghir, Ch. Pissarides, D. Vayanos, N. Vettas, MIT Press forthcoming.
- Tinios, P. (2015), Pension Reform and the Greek crisis: A tale of retrospective externally imposed reform, NPS international conference, The Long Term Sustainability of Public Pension', Jeonju, Korea, 29-30 October.
- Towers Watson (2015), The world's 300 largest pension funds - year end 2014, https://www.towerswatson.com/en/Insights/IC-Types/Survey-Research-Results/2015/09/The-worlds-300-largest-pension-funds-year-end-2014 [access 4.06.2016].
- US Social Security Administration (2015), Social Security Programs around the World: Asia and the Pacific, 2014, https://www.ssa.gov/policy/docs/progdesc/ssptw/2014-2015/asia/ [access 4.06.2016].
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171450897