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Expansion and Limitations of Social Security Institutions in Korea

김진욱 1

1서강대학교

Accredited

ABSTRACT

For the last 10 years, social security institutions have developed expansively, including expansion of social insurance coverage, launching new public assistance system, and the expansion of social services. This article aims to evaluate the expansion of social security institutions since the Financial Crisis of 1997 and suggest policy directions based on re-lightening their institutional weakness. The study discuss that the explicit development of social security institutions has been basically path-dependent and there have been a big portion of population not covered by the social security institutions. Empirical analyses upon income inequality and poverty reduction effects of public transfer system suggest that the real performances of social security institutions are still weak, they have failed to decrease feminisation of poverty, and their function related to poverty prevention for the working age population has been very restricted. Based on these findings, the article emphasises that social policy of Korea needs to reinforce preventive features for the working age population and to establish the universal principle in the real term for the political sustainability.

Citation status

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