This paper uses Generational Accounting to assess the fiscal impacts of Korean reunification. Our findings suggest that early reunification will result in a large increase in the fiscal burden for most current and future generations of South Koreans. The Korean reunification's fiscal impact...

This paper attempts to measure marginal effective tax rates in Korea for the past 45 years since 1960 in order to evaluate Korea's tax incentive policies. It is shown that marginal effective tax rates are manifest both negatively and positively, although mostly negative. This is a change...

In this paper, it is attempted to see whether the recent increase in the actual social expenditure can be the one caused by the change in the policy stance of Korean government. IECI is calculated to check this. The initial finding is that the IECI of the welfare expenditure shows the clear...

The purposes of the current study are (1) to examine trends in the custom of primogeniture and offsprings' perception regarding their inheritance, (2) to demonstrate why the younger generation, between 25 and 35, hesitate to agree with their parents' access to reverse mortgage and (3) to...

This paper evaluates the effects of population aging and fiscal policies on national saving in Korean situation. For the prediction of the national savings rate of Korea for the next several decades, we employ a life-cycle model, which incorporates the generational accounting approach needed to...

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...