|
|
|
|
|
|
Author/Editor:
|
Feyzioglu, Tarhan ; Skaarup, Michael ; Syed, Murtaza H.
|
|
|
|
|
|
Publication Date:
|
January 01, 2008
|
|
|
|
Electronic Access:
|
Free Full text
(PDF file size is 463KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
|
|
|
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
|
|
|
|
|
Summary:
Korea is on the verge of an unprecedented demographic shift. In coming decades, rapid aging will transform it from one of the youngest populations in the OECD to among the oldest in record time. In turn, this shift will put tremendous pressure on the pension system and health and long-term care expenditures. This paper evaluates the impact of population aging on the long-term fiscal position in Korea, and assesses potential policy responses using the IMF's Global Fiscal Model. The paper finds that the key to maintaining a sound long-run fiscal position is to act early and with a range of policy tools, including pension reform, tax base broadening (and, if necessary, rate hikes), improved tax administration and some expenditure reallocation.
|
|
|
|
Order a print copy
|
|
|
|
|
|
Series:
|
Working Paper No. 08/27
|
|
|
|
|
|
Subject(s):
|
Aging | Korea, Republic of | Tax administration | Tax reforms | Tax revenues
|
|
|
Author's Keyword(s):
|
Korea | Aging | Stimulation | Sustainability | Tax Reform | General Equilibrium. |
|
|
|
|
|
|
|
|
|
|
English
|
|
|
|
|
|
|
Publication Date:
|
January 01, 2008
|
|
|
|
|
|
|
|
Format:
|
Paper
|
|
Stock No:
|
WPIEA2008027
|
|
Pages:
|
25
|
|
Price:
|
|
|
|
US$18.00 )
|
|
|
|
|
|
|
|
|
Please address any questions about this title to
publications@imf.org
|
|
|
