Tuesday, February 05, 2013Tweet
[IWS] OECD: KOREA: STRENGTHENING SOCIAL COHESION [5 February 2013]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
STRENGTHENING SOCIAL COHESION IN KOREA [5 February 2013]
[full-text, 27 pages]
Press release 5 February 2013
Korea must strengthen social cohesion to boost growth and equity, says OECD
Korea is confronting a serious challenges. It has to improve income equality in the context of a severe demographic transition. Such a transition, from one of the youngest populations in the OECD at present to the second oldest by 2050, may boost the need for public spending and slow economic growth. In this context and as the pace of population ageing is accelerating, it is important to act quickly in a wide range of areas:
· Policies to sustain Korea’s growth potential in the face of falling labour inputs;
· Measures that improve both growth and equality;
· Carefully-targeted increases in social spending to reduce inequality and poverty;
· Financing higher social spending, with priority given to a reform of tax and social security that minimises the negative impact on output growth.
Against the background of these broad challenges, which are discussed in a specific, setting-the-ground, Chapter, the report suggests policy options, based on the practices and reforms of other countries, in the following four areas: I) Income Distribution and Poverty; II) Tackling the Duality of the Labour Market; III) Early Childcare; and IV) Moving beyond Hospitals to better Care in the Community.
A policy toolkit for growth and social cohesion in Korea
Chapter 1. Overview: Why is social cohesion an urgent issue in Korea?
Chapter 2. Income distribution and poverty among the working-age population and implications for social welfare policies
Chapter 3. Policies to tackle labour market duality in Korea
Chapter 4. Combined early childhood education and care measures to ensure social cohesion
Chapter 5. Moving from hospitals to primary care for chronic diseases
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