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Employment-Friendly Welfare Policy and Information Asymmetry: Evidence from Sweden and Korea
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- Authors
- Issue Date
- 2016
- Citation
- Korean Journal of Policy Studies, Vol.31 No.1 pp. 133-152
- Abstract
- This paper provides a simple theoretical framework for analyzing
how welfare polices can affect the incentive to work and compares the recent
welfare policy reforms of Sweden and Korea. Sweden has systematically
reformed its welfare policies in response to slowing population and economic
growth and an aging population. This paper shows that recent Swedish reforms
of tax policies and unemployment benefits bear out theoretical predictions that
such reforms will help reduce moral hazard and adverse selection problems. In
comparison, recent Korean reforms of tax policies and unemployment benefits
have focused on moral hazard problems but have largely ignored adverse selection
problems.
- ISSN
- 1225-5017
- Language
- English
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