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Evaluation and policy implications of making work pay schemes in Korea

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Frame of Image ly complementary nature. Since the mid-1990s, an increasing number of countries have introduced EITC programs, leading to more research on this topic that has in turn resulted in a set of stylized facts on EITC policies. This study, firstly, aims to summarize previous discussions on the relationship between the EITC and the minimum wage, and to assess the feasibility and success potential of Korea’s EITC on the basis of the stylized facts that have so far been established on the topic of the EITC. On the other hand, making work pay policies—the main subject of this study—are policies that, in a wider sense, focus on the supply-side aspect of the labor market. Associated concepts such as work-based welfare and activation policies are also related to the supply side of the labor market. It is therefore also necessary to examine whether policies such as making work pay policies that focus only on the supply side can in fact promote employment for the non-employed and contribute to reducing poverty in the low-income classes. This study therefore also highlights broader debates on the possibilities and limitations of making work pay policies—for although the focus is on such policies, the development of a country’s labor-market policies and welfare regime can be realized not only when policies and systems are analyzed at a micro level but also when the relationship between the various systems is considered from a more macro perspective. Our evaluation of the success potential for


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Title Evaluation and policy implications of making work pay schemes in Korea
Similar Titles
Material Type Reports
Author(English)

Hwang, Deok Soon

Publisher

[Seoul]:KLI

Date 2012-01
Series Title; No e-Labor News / 116
Pages 19
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Employment
Holding KLI; KDI School