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Promoting Social Cohesion in Korea

Promoting Social Cohesion in Korea RÉSUMÉ Promoting social cohesion in faces the challenge of reversing rising inequality while sustaining robust economic growth. Welltargeted increases in 's low level of social spending are needed to fill holes in the safety net, especially for the elderly. The development of social security depends on closing gaps in coverage, which are due in part to labour market dualism. Dualism creates serious equity concerns, as non-regular workers face significantly lower wages, precarious jobs, less coverage by social security and less training. A comprehensive approach is required to break down dualism, including reduced employment protection for regular workers, improved social insurance coverage for non-regular workers and expanded training of non-regular workers. Education reforms are also needed to promote inclusive growth, notably by: i) improving the access of low-income children to high-quality early childhood education and care; ii) reducing reliance on private tutoring, notably at hagwons; and iii) expanding income-contingent loans to tertiary students. This Working Paper relates to the 2012 Economic Survey of (www..org/eco/surveys/). JEL classification: D6, H5, I2, J3, O53. Keywords: ; n economy; income inequality; relative poverty; social spending; Basic Livelihood Security Programme; earned income tax credit; Basic Old-Age Pension; labour market dualism; non-regular workers; education; ECEC; http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png OECD Economics Department Working Papers The Organisation for Economic Co-operation and Development (OECD)

Promoting Social Cohesion in Korea

Jones, Randall S.; Urasawa, Satoshi
The Organisation for Economic Co-operation and Development (OECD) — Jun 5, 2012
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The Organisation for Economic Co-operation and Development (OECD)
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Abstract

RÉSUMÉ Promoting social cohesion in faces the challenge of reversing rising inequality while sustaining robust economic growth. Welltargeted increases in 's low level of social spending are needed to fill holes in the safety net, especially for the elderly. The development of social security depends on closing gaps in coverage, which are due in part to labour market dualism. Dualism creates serious equity concerns, as non-regular workers face significantly lower wages, precarious jobs, less coverage by social security and less training. A comprehensive approach is required to break down dualism, including reduced employment protection for regular workers, improved social insurance coverage for non-regular workers and expanded training of non-regular workers. Education reforms are also needed to promote inclusive growth, notably by: i) improving the access of low-income children to high-quality early childhood education and care; ii) reducing reliance on private tutoring, notably at hagwons; and iii) expanding income-contingent loans to tertiary students. This Working Paper relates to the 2012 Economic Survey of (www..org/eco/surveys/). JEL classification: D6, H5, I2, J3, O53. Keywords: ; n economy; income inequality; relative poverty; social spending; Basic Livelihood Security Programme; earned income tax credit; Basic Old-Age Pension; labour market dualism; non-regular workers; education; ECEC;

Journal

OECD Economics Department Working Papers – The Organisation for Economic Co-operation and Development (OECD)

Published: Jun 5, 2012

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