The Development of Korean Social Insurance and the Challenges: Inclusiveness and Sustainability

Yun, Heesuk

DC Field Value Language
dc.contributor.authorYun, Heesuk-
dc.description.abstractSocial insurance is the backbone of the Korean welfare system, but there are growing concerns over its lack of inclusiveness and sustainability, two objectives generally perceived as separate from or incompatible with each other. This study examines the structure in which inclusiveness and sustainability affect each other in Korea’s major social insurance schemes, the National Pension Service and Employment Insurance. In these programs, inclusiveness and sustainability are positively related, as the long-term unsustainability of the current level of benefits is causing individuals to drop out or discourages potential participants from coming onboard, negatively affecting the scheme’s inclusiveness. This structural problem warrants a more comprehensive perspective in pursuing inclusiveness and sustainability in social insurance programs.-
dc.publisherKDI School of Public Policy and Management-
dc.relation.isPartOfSeriesKDI School Working Paper 19-05-
dc.subjectSocial Insurance-
dc.subjectBlind Spots-
dc.subjectBenefit Floor-
dc.subjectActuarial Balance-
dc.titleThe Development of Korean Social Insurance and the Challenges: Inclusiveness and Sustainability-
dc.typeWorking Paper-
dc.contributor.affiliatedAuthorYun, Heesuk-
dc.type.docTypeWorking Paper-
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