콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Macroeconomics
Economy Economic Conditions
Economy Economic Administration

Print

Labor flexibilization after the foreign exchange crisis and changing corporate welfare in Korea

Related Document
Frame of Image
  • Labor flexibilization after the foreign exchange crisis and changing corporate welfare in Korea
  • Lee, Su Yun; Rho, Yeon Hee
  • Seoul National University(Center for Social Sciences)


link
Title Labor flexibilization after the foreign exchange crisis and changing corporate welfare in Korea
Similar Titles
Material Type Articles
Author(English)

Lee, Su Yun; Rho, Yeon Hee

Publisher

[Seoul]:Seoul National University(Center for Social Sciences)

Date 2012
Journal Title; Vol./Issue Korean Social Sciences Review(KSSR):vol. 2(no. 2)
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Macroeconomics
Economy < Economic Conditions
Economy < Economic Administration
Holding Seoul National University

Abstract

The purpose of this study was to empirically test whether corporate welfare in Korea has grown since the mid 1990’s. The result of this study shows that after the IMF fiscal crisis, the labor flexibilization policies within labor markets initiated flexible forms of employer provided benefits. These benefits included cafeteria plan or profit-based funds, which ultimately led to a decline of corporate welfare rather than growth. Existing studies do not agree on a trade-off of statutory and voluntary social provisions since the crisis of welfare state. Existing studies show that some nations experienced a decline of corporate welfare that coincided with a growth of state welfare, while other nations experienced a decline of state welfare coincident with a growth of corporate welfare. Using the case of Korea, this study suggests an archetypal development of a welfare system that experienced a decline of corporate welfare alongside a growth of state welfare provisions.