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Divergence of productivist welfare states in comparative perspective : The case of the pension scheme in South Korea and Singapore

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  • Divergence of productivist welfare states in comparative perspective
  • Kim, Mason Myoung-Shik
  • University of Maryland


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Title Divergence of productivist welfare states in comparative perspective
Similar Titles
Sub Title

The case of the pension scheme in South Korea and Singapore

Material Type Articles
Author(English)

Kim, Mason Myoung-Shik

Publisher

[College Park]:University of Maryland

Date 2009
Subject Country Singapore(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic System
Social Development < Social Welfare
Holding University of Maryland

Abstract

Although East Asian states possess some common developmental characteristics, the welfare capitalism in East Asia has been evolving in the two different directions of institutional arrangement. One is social insurance-based scheme and the other is private savings-based scheme. This article conceptualizes the first pattern as compensatory (CP) system while the latter as competitiveness-enhancing (CE) system. This research examines the divergence of productivist welfare capitalism, thus exploring the causal configurations behind this variation. Focusing on the pension scheme in South Korea and Singapore, this research shed lights on how different financial systems have created the divergence and what role regime types play in facilitating the divergence of productivist welfare states.