본문 바로가기
  • Home

Korean Pension Policy from 1998 to 2007: Changes of the boundary between the government and the market

Eunsun Joo 1

1대구대학교

Accredited

ABSTRACT

This Study is to evaluate Korean pension policy from 1998 to 2007 focusing on changes of the roles of the government and the market to secure old age income. In this evaluation, I've dealt with mainly the effects of the changes on the social rights. Pension policies of Kim dae-jung government and Rho mu-hyun government pursued retrenchment of public pension and extending of private pension. So the shares of private pension in old age income security has been increasing. Especially as a result of 2007 reform, the role of government has been transformed from assuring limited number of people adequate pension benefits to securing minimum income to the old. Although some efforts to enlarge pension coverage and the entitlements, it failed. Major pension benefit decreased considerably and the minimum guarantee depending on means test is based on selectivism. The social right to old age income actually has weakened since economic crisis in 1998.

Citation status

* References for papers published after 2022 are currently being built.