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인구구조 변화와 복지지출 전망(Population aging and public expenditure in South Koea)

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  • 인구구조 변화와 복지지출 전망(Population aging and public expenditure in South Koea)
  • 우해봉; 신화연; 박인화; 김선희
  • 한국보건사회연구원


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Title 인구구조 변화와 복지지출 전망(Population aging and public expenditure in South Koea)
Similar Titles
Material Type Reports
Author(Korean)

우해봉; 신화연; 박인화; 김선희

Publisher

세종:한국보건사회연구원

Date 2014-12
Journal Title; Vol./Issue 연구보고서:2014-22-7-1
ISBN 978-89-6827-186-1
Pages 210
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Social Development < Population
Holding 한국보건사회연구원

Abstract

Due to rapid fertility decline and increase in life expectancy, population aging has assumed significant importance in South Korea. This study takes a closer look at the current status and future prospects of population aging in South Korea in terms of the comparative perspective. This study also review the current financial status of social security programs and discusses the problem of financial instability and unbalanced public expenditure on pension and health components. This study also estimates the long-term financial impact of population aging using the cohort-component method. Compared to the current (2014) share of public expenditure (10.7%) in GDP, the result indicates that the share of public expenditure is projected to be approximately 29% of GDP in 2060. Finally, this study proposes future policy directions for financially sustainable but providing adequate social protection for the elderly.