Results 1-4 of 4
Population Aging and Economic Growth: Impact and Policy Implications
(Korea Development Institute, 2019-06-11)
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. ...
Risks of Short-termism in Macro-prudential Policy Making: The Case of Household Debt in Korea
(Korea Development Institute, 2019-02-19)
Korea’s household debt continues to be a major economic risk despite countermeasures, necessitating a thorough overhaul of the current macro-prudential management system. ◦ The debt expanded to 1,514 trillion won in 3Q 2018 from a decade ago (713 ...
Wage Inequality: How and Why it has Changed over the Decades
(Korea Development Institute, 2019-08-22)
So far as wages are a form of compensation for the skills provided, wage inequality is affected by the changes in the supply of and demand for skills. An important indicator of skill is the educational attainment of workers. The demand for high-school ...
Korea’s Housing Supply: Issues and Resolutions
(Korea Development Institute, 2019-08-26)
Korea’s housing supply ratio, based on the number of households, and housing stock, based on population size, are rising rapidly on the back of large-scale provisions of apartments. The supply market, however, has become highly volatile, with sharp ...