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The fiscal burden of Korean reunification : A generational accounting approach

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  • The fiscal burden of Korean reunification
  • Auerbach, Alan J.; Chun, Young Jun; Yoo Ilho
  • National Bureau of Economic Research


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Title The fiscal burden of Korean reunification
Similar Titles
Sub Title

A generational accounting approach

Material Type Reports
Author(English)

Auerbach, Alan J.; Chun, Young Jun; Yoo Ilho

Publisher

Cambridge:National Bureau of Economic Research

Date 2004-08
Pages 43
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Government and Law < Internal Conflict
Holding National Bureau of Economic Research

Abstract

This paper uses Generational Accounting to assess the fiscal impacts of Korean reunification. Our findings suggest that early reunification will result in a large increase in the fiscal burden for most current and future generations of South Koreans. The Korean reunification's fiscal impact appears much larger than that of German reunification, due to a wider gap in productivity between the two Koreas and North Korea's much larger share of the unified country's population. The projected largescale fiscal burden on South Korea is attributable primarily to the rapid increase in social welfare expenditure for North Korean residents, rather than to the direct reconstruction cost of the North Korean economic system after the disintegration of its old economic regime.

User Note

The views expressed herein are those of the author(s) and not necessarily those of the National Bureau of Economic Research.