OECD Economic Surveys : Korea 2022

OECD Economic Surveys Korea 2022

Sound health management and supportive policies helped Korea emerge swiftly from the pandemic. The recovery is set to continue as pandemic-era restrictions on contact-intensive services are shelved, despite the Russia-Ukraine war raising inflation and highlighting the need to increase supply chain r...

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Detalles Bibliográficos
Autor principal: Organization for Economic Cooperation and Development.
Autor Corporativo: Organization for Economic Cooperation and Development (-)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Paris : Organization for Economic Cooperation & Development 2022.
Edición:1st ed
Colección:OECD Economic Surveys: Korea Series
Materias:
Economic surveys.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009704832206719
Tabla de Contenidos:
  • Intro
  • Foreword
  • Table of contents
  • Basic statistics of Korea, 2021
  • Executive summary
  • The economy is recovering
  • Emission targets require additional policy efforts
  • Productivity gaps trigger inequalities
  • Youth struggle to end up on the winning side of social divides
  • The social safety net is incomplete
  • 1 Key policy insights
  • The economy is recovering, but faces headwinds
  • The Ukraine war is weighing on economic recovery
  • The recovery will continue at a slower pace and uncertainty is high
  • Financial stability risks should be monitored
  • Monetary policy should continue to keep inflation expectations anchored
  • Fiscal policy support should become more targeted
  • Measures are needed to bolster the resilience of essential supply chains
  • GHG reduction targets are challenging, but the new framework helps
  • Korea's emissions trading scheme holds potential to reduce emissions in line with targets
  • Policies complementing the emissions trading scheme should be selective and well-designed
  • The Korean people support policies to reduce emissions
  • Societal divides hold back productivity, well-being and fertility
  • Productivity gaps between small and large companies widen despite policy efforts
  • Inequalities spur an unproductive race for a golden ticket
  • Women's stark choice between career and family holds back employment and fertility
  • Bridging gaps can boost growth
  • References
  • Annex 1.A. Economic Cooperation with North Korea
  • Response to COVID-19
  • Economic developments
  • References
  • 2 Strengthening the social safety net
  • Improving working-age benefits to address social protection gaps
  • Expanding the reach of employment insurance
  • Enhancing access and generosity of social safety net benefits
  • Reducing unemployment risks by improving benefit design.
  • Addressing in-work poverty with the Earned Income Tax Credit
  • Strengthening the old-age safety net: pension reforms
  • Targeting the Basic PensionBasic Pension to tackle old-age poverty
  • Improving the adequacy and financial sustainability of the National Pension Service
  • Lengthening the contribution period
  • Improving pension sustainability
  • Strengthening the role of private pensions in financing retirement
  • Strengthening the old-age safety net: health care reforms
  • Making health care more accessible
  • Strengthening primary care
  • Strengthening the old-age safety net: long-term care reforms
  • Improving quality and cost-efficiency to cope with demand surges
  • Strengthening homecare
  • References
  • 3 Policies to increase youth employment in Korea
  • Trends in youth employment and comparison to other OECD countries
  • Youth employment trends in Korea differ between men and women
  • Youth employment was affected by the COVID-19 pandemic
  • Government policies to improve life for youth
  • Past government initiatives
  • The youth employment policies of the new government
  • A race for educational credentials creates labour market mismatch
  • The focus on higher education and the decline in vocational education
  • Skill mismatch helps explain youth's low labour market participation
  • What drives the demand for higher education given the mismatch problem?
  • Reforming the education system to reduce mismatch with labour demand
  • Secondary education
  • Tertiary education
  • Labour market dualism is deeply entrenched
  • Policies to break down labour market dualism and boost youth employment
  • Other labour market policies to promote youth employment
  • Product market dualism: the gap between SMEs and large firms
  • Innovative SMEs are an important source of job creation for young people.
  • Policies to promote innovative SMEs and start-ups as drivers of youth employment
  • References.

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