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Social welfare reform since the 1997 economic crisis in Korea : Achievement, limits, and future prospects
- Social welfare reform since the 1997 economic crisis in Korea
- Ku, Inhoe
- John Wiley & Sons
| Title |
Social welfare reform since the 1997 economic crisis in Korea
Similar Titles
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|---|---|
| Sub Title | Achievement, limits, and future prospects |
| Material Type | Articles |
| Author(English) |
Ku, Inhoe |
| Publisher |
[New York, U.S.] : John Wiley & Sons |
| Date | 2007 |
| Journal Title; Vol./Issue | Asian Social Work and Policy Review:vol. 1 |
| Pages | 15 |
| Subject Country | South Korea(Asia and Pacific) |
| Language | English |
| File Type | Link |
| Subject | Economy < Economic Conditions Social Development < Social Welfare |
| Holding | John Wiley & Sons |
| License |  |
Abstract
Social welfare reform has been implemented in Korea since the 1997 financial crisis. A dominant concern of the reform was on equality and social solidarity. A major means to this end was establishing universalistic social insurance programs like those in developed welfare states. The reform efforts produced some positive results but were not greatly successful. Income polarization and the deteriorating economic status of low-income families have become big social issues. Many low-income families have not gained many benefits from the reformed social security system. The rapid aging of the population is creating an exploding demand for social spending, risking the fiscal sustainability of major social insurance programs. The reform experience suggests that a social welfare system based on western-style universal social insurance may be too expensive to sustain and not very effective in protecting disadvantaged families in Korea. (The rest omitted)
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