000 01980naa a2200193uu 4500
001 0041511082037
003 OSt
005 20190211170912.0
008 100415s2009 xx ||||gr |0|| 0 eng d
100 1 _aJUNG, Chang Lyul
_939425
245 1 0 _aThe impact of neo-liberalism on South Korea's public pension :
_ba political economy of pension reform
260 _aOxford :
_bWiley-Blackwell,
_cOctober 2009
520 3 _aThis article examines the recent Korean pension reforms from a political economy perspective. It argues that these reforms are of particular interest because, unlike major pay-as-you-go pension schemes in Europe, the Korean pension scheme is a funded one and, therefore, is subject to market exposure. Also in contrast to the problems that public pension reforms have encountered in European and other OECD countries, especially 'blame avoidance', the more radical Korean reforms were implemented without significant challenge or resistance. First of all, the National Pension Scheme is described prior to the 1997 Asian economic crisis. Then the impact of this crisis on the Korean welfare state and, especially, its pension system are analysed. The main part of the article consists of a political economy of the pension reform process, in which the key roles of the international governmental organizations and the domestic neo-liberal policy elite are pinpointed. This neo-liberal ideology was critical in developing and sustaining an influential discourse on the 'crisis' in Korea's national pension fund. The article concludes by arguing, against the neo-liberal tide, for the inclusion of a pay-as-you-go element in the national pension in order to tackle escalating poverty in old age.
700 1 _aWALKER, Alan
_939426
773 0 8 _tSocial Policy & Administration
_g43, 5, p. 425-444
_dOxford : Wiley-Blackwell, October 2009
_xISSN 01445596
_w
942 _cS
998 _a20100415
_b1108^b
_cDaiane
998 _a20100420
_b1620^b
_cCarolina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c32342
_d32342
041 _aeng