Korea has achieved an unprecedented economic growth since the 1960s, which helped expand employment rapidly and eradicate absolute poverty. Despite the limited coverage of the social safety net, income distribution remained stable until the late 1980s.
The 1990s, however, witnessed a dramatic change in the scene as income inequality and the relative poverty began to rise. In particular, poverty among the working-age population is increasing rapidly. This change is attributed to, among others, the growth of knowledge-based economy and the accelerating pace of globalization, which put low-skilled workers at a disadvantage.
The Korean government has continuously expanded the social safety net since the 1970s with the introduction of social insurance programs (health, pension, unemployment, etc.) and public assistance programs. These programs have played only a limited role in mitigating poverty for various reasons. (The rest omitted)
분배구조의 변화와 사회정책의 방향 (I)(Changes in income disparity and directions for social policy (I))
|Series Title; No||연구보고서|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Social Development < Social Welfare|
|Holding||KDI; KDI School|