Korea is aging at a faster pace than any other major country, and the negative impact on the economy is expected to be considerable. - In thirty years, the old-age dependency ratio is projected to exceed 70% and GDP growth to mark around the 1% range. This would pose a tremendous threat to...

Korea’s population is aging at a faster pace than any other major country, and the adverse impact of this trend on the economy is predicted to be significant. This paper focuses on the macroeconomic effects of population aging with particular attention paid to the pace of aging in Korea....

Korea is aging at a faster pace than any other major country, and the negative impact on the economy is expected to be considerable. In thirty years, the old-age dependency ratio is projected to exceed 70% and GDP growth to mark around the 1% range. This would pose a tremendous threat to...

Korea's population is aging at a faster pace than any other major country, and the adverse impact of this trend on the economy is predicted to be significant. This paper focuses on the macroeconomic effects of population aging with particular attention paid to the pace of aging in Korea....

The effective rollout of the Sickness Benefits as a social safety net for sick workers hinges on sick leave readily accessible in the workplace. To that end, sickness benefits should include assistance for firms vulnerable to extra costs incurred by sick leave. Also, the level of sickness...

Fiscal risks such as rising compulsory expenditure can reduce future fiscal space, and increases in government debt up to the fiscal space heavily burden the national economy. The Korean economy will be able to cover an additional government debt up to 200-250% of GDP if the current economic...

Korea's population is aging at a faster pace than any other major country, and the adverse impact of this trend on the economy is predicted to be significant. This paper focuses on the macroeconomic effects of population aging with particular attention paid to the pace of aging in Korea....

- Korea is aging at a faster pace than any other major country, and the negative impact on the economy is expected to be considerable. - In thirty years, the old-age dependency ratio is projected to exceed 70% and GDP growth to mark around the 1% range. This would pose a tremendous threat to...