Fiscal accountability and population aging : new responses to new challenges
著者
書誌事項
Fiscal accountability and population aging : new responses to new challenges
（KDI/EWC series on economic policy）
Edward Elgar Pub., c2021
- : hbk
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注記
Includes bibliographical references and index
内容説明・目次
内容説明
Focusing on the developing economic challenges confronting Korea and the US in response to the aging of their populations, this timely book examines how public policies are evolving in light of demographic changes, the impact of aging on governmental expenditures, and transitions in the labor force associated with aging.
International contributors comparatively analyze government approaches to population aging, illustrating the similar challenges faced across nations. Chapters draw attention to those particular issues that public policy plans must surmount, including funding pressures on retirement plans and the effects of an aging labor force on economic growth and productivity. They offer evidence on the scale of these challenges in Korea and the US and empirically evaluate how governments, employers, and individuals may respond to these issues in the years to come. Addressing fiscal sustainability and key social security programs, including the implications of the 2015 Korean pension reform and the economic difficulties entailed by the future of Medicare, this book investigates the implications of managing and sustaining welfare for an aging population.
This cutting-edge book will be ideal reading for economists focusing on public policy and welfare programs, benefiting from the comparative approach to fiscal accountability and sustainability. It will also appeal to practitioners and policymakers seeking insights into the consequences of an aging population and hoping to develop innovative methods and approaches to welfare.
目次
Contents:
Foreword by Jeong Pyo Choi ix
1 Introduction and overview 1
Robert Clark, YoungWook Lee and Andrew Mason
PART 1 FISCAL SUSTAINABILITY AND ACCOUNTABILITY
2 An evaluation of fiscal sustainability in Korea 13
SeongTae Kim
3 Implications of delaying US Social Security financing reform:
a look at the measurement, structural and generational issues 35
Sylvester J. Schieber
PART II IMPROVING FISCAL ACCOUNTABILITY
4 Enhancing accountability of Korea's government funds system
through consolidated management of surplus money in
budget-type funds 73
Yongok Choi
5 The long-term impact of aging on the federal budget 93
Louise Sheiner
6 Improving fiscal accountability of tax expenditure: the case of
the Earned Income Tax Credit in Korea 118
YoungWook Lee
PART III FISCAL SOUNDNESS AND ACCOUNTABILITY
7 The future of public employee pensions in the United States 137
Andrew G. Biggs
8 Fiscal implications of the 2015 government employees pension
reform in Korea 155
Dohyung Kim, Taesuk Lee and Yongok Choi
PART IV FISCAL ACCOUNTABILITY SECTOR
9 Medicare financing and affordability 183
Marilyn Moon
10 SME financial policy in Korea: evaluation and
recommendations 198
Chang Gyun Park
11 Enhancing economic growth and productivity through efficient
public infrastructure management 224
Kang-soo Kim and Weh-Sol Moon
Index 239
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