Labor Flexibilization after the Foreign Exchange Crisis and Changing Corporate Welfare in Korea

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Center for Social Sciences, Seoul National University
Korean Social Sciences Review(KSSR), Vol.2 No.2, pp. 35-62
Corporate WelfareLabor FlexibilizationIMF Fiscal CrisisKorea
Translated from the article published in Korean Journal of Social Welfare 58(2), 143-166, 2006 with permission from Korea Association for Social Welfare Studies.
The purpose of this study was to empirically test whether corporate welfare in Korea has grown since the mid 1990s. The result of this study shows that after the IMF fiscal crisis, the labor flexibilization policies within labor markets initiated flexible forms of employerprovided benefits. These benefits included cafeteria plan or profit-based funds, which ultimately led to a decline of corporate welfare rather than growth. Existing studies do not agree on a trade-off of statutory and voluntary social provisions since the crisis of welfare state.

Existing studies show that some nations experienced a decline of corporate welfare that coincided with a growth of state welfare, while other nations experienced a decline of state

welfare coincident with a growth of corporate welfare.

Usng the case of Korea, this study suggests an archetypal development of a welfare system that experienced a decline of corporate welfare alongside a growth of state welfare provisions.
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College of Social Sciences (사회과학대학)Center for Social Sciences (사회과학연구원)Korean Social Sciences Review (KSSR)Korean Social Sciences Review (KSSR) Vol.02, No.01-02 (2012)
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