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dc.contributor.author전영준-
dc.date.accessioned2019-12-08T17:58:02Z-
dc.date.available2019-12-08T17:58:02Z-
dc.date.issued2018-07-
dc.identifier.citationKOREAN ECONOMIC REVIEW, v. 34, no. 2, page. 157-185en_US
dc.identifier.issn0254-3737-
dc.identifier.urihttps://repository.hanyang.ac.kr/handle/20.500.11754/119522-
dc.identifier.urihttps://www.kci.go.kr/kciportal/ci/sereArticleSearch/ciSereArtiView.kci?sereArticleSearchBean.artiId=ART002360791-
dc.description.abstractThis study addresses fiscal sustainability and generational equity of Korea by using generational accounting (GA). Unlike previous Korean GA studies, we compute retrospective GA, assessing the value of net taxes paid in the past combining this with traditional forward-looking GA, appraising the rest-of-life net tax burden to obtain full lifetime accounts (FLGA). FLGA cover the entire life for all the cohorts. We find that the fiscal policies of Korea bring about generational inequity. The net tax burden of future generations should be raised to an unbearable level, higher than 40% of lifetime income, to service government spending under the current policies. In addition, we show that parametric reforms to resolve the problem have only limited effects even under the demographic assumptions that subsidy to childbirth and childcare and open-door immigration policy substantially reverse population aging and reduction, which indicates the requirement of many fundamental reforms.en_US
dc.description.sponsorshipThis paper is the product of revision of the research report "Fiscal Sustainability Analysis Using Generational Accounting" (Policy Analysis 17-02) of the Korea Institute of Public Finance. This work is supported by the research fund of Hanyang University (HY-2014-N).en_US
dc.language.isoen_USen_US
dc.publisherKOREAN ECONOMIC ASSOCIATIONen_US
dc.subjectRetrospective Generational Accountsen_US
dc.subjectGenerational Equityen_US
dc.subjectFiscal Sustainabilityen_US
dc.titleRetrospective Generational Accounts for Koreaen_US
dc.typeArticleen_US
dc.relation.no2-
dc.relation.volume34-
dc.relation.page157-185-
dc.relation.journalKOREAN ECONOMIC REVIEW-
dc.contributor.googleauthorChun, Young Jun-
dc.contributor.googleauthorSong, Ji Eun-
dc.relation.code2018015156-
dc.sector.campusS-
dc.sector.daehakCOLLEGE OF ECONOMICS AND FINANCE[S]-
dc.sector.departmentDIVISION OF ECONOMICS & FINANCE-
dc.identifier.pidyjchun-


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