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来源类型Working Paper
规范类型报告
DOI10.3386/w9983
来源IDWorking Paper 9983
Generational Accounting in Korea
Alan J. Auerbach; Young Jun Chun
发表日期2003-09-22
出版年2003
语种英语
摘要This paper reassesses the long-term fiscal position of Korea using Generational Accounting, modified to reflect the special features of the Korean fiscal situation, such as prospective changes in public pension benefit profiles and social welfare expenditures due to the maturing of public pensions, increasing demand for social welfare expenditures, and population aging. Our findings suggest that unless policy toward existing generations is substantially altered, future generations will face an excessively heavy fiscal burden. For reasonable growth and interest rate assumptions, the difference between 2000 newborns and those born after 2000 ranges from 60% to 120%. We also find that a substantial part of the fiscal burden on the future generations is explained by the long-run budgetary imbalance of public pensions and Medical Insurance.
主题Public Economics ; Taxation ; National Fiscal Issues
URLhttps://www.nber.org/papers/w9983
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/567608
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GB/T 7714
Alan J. Auerbach,Young Jun Chun. Generational Accounting in Korea. 2003.
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