본문 바로가기
  • Home

Effectiveness of South Korea’s Basic Pension System on Reducing Poverty and Income Inequality

  • Korean Society and Public Administration
  • Abbr : KSPA
  • 2018, 29(3), pp.179-200
  • Publisher : Seoul Association For Public Administration
  • Research Area : Social Science > Public Administration

Soojeong Hur 1 박희란 2

1사회보장정보원
2서울대학교 행정대학원

Accredited

ABSTRACT

The basic pension system is designed to provide a stable basis of income for the elderly by providing pensions and to enhance social welfare by supporting the stable life of the elderly. The basic pension system is a governmental plan which started in 2014, and the basic pension system substituted basic elderly pension system that started from 2008. Since the reason for the change of system stems from the requirement of substantial income basis for elderly, this study analyzed household survey to examine whether the basic pension system is fulfilling the need. As a result, this study found that the basic pension system has an effect on the decrease of poverty rate compared to the basic elderly pension system. Specific results showed that the basic pension system reduced poverty for an elderly who is older than 75 years old, but the gender difference between elderly is not found. The degree of reduced income gap due to the change of the pension system was significant for the elderly older than 75 years old, and also for the women. To promote the effect of poverty reduction through basic pension system, this study suggests applying the basic pension system differently by the conditions of elderly and guaranteeing additional income basis.

Citation status

* References for papers published after 2023 are currently being built.