The Economic Effect of the Basic Pension and National Health Insurance: A Social Accounting Matrix Approach

Jongwook Won; Insu Chang

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DC Field	Value
dc.contributor.author	Jongwook Won
dc.contributor.author	Insu Chang
dc.date.accessioned	2016-10-18T05:49:32Z
dc.date.available	2016-10-18T05:49:32Z
dc.date.issued	2016
dc.identifier.isbn	978-89-6827-329-2
dc.identifier.uri	https://repository.kihasa.re.kr/handle/201002/16648
dc.description.abstract	It is critical to keep track of, and analyze the income protection effect of the Basic Pension and the economic effect of increasing Basic Pension benefits in order to increase the fiscal sustainability of the basic pension system and alleviate old-age poverty. Also, according to the Social Security Fiscal Projections of March 2015, NHI spending is expected to grow rapidly to reach between KRW 694 trillion and KRW 1,099 trillion by 2050. Such rapid growth of NHI spending calls for analyses of the NHI policy effects and measures to ensure their fiscal sustainability. So, we apply the SAM (Social Accounting Matrix) in this study to analyze the micro- and macro-level effects of the BP and NHI on the rest of the national economy. Our analysis provides basic information with which policymakers can estimate the impact of the Basic Pension and National Health Insurance policy.
dc.description.tableOfContents	Ⅰ. Introduction 1 Ⅱ. Methodology of Analysis 7 1. Social Accounting Matrix (SAM) 9 2. Creating a macro SAM 10 3. Creating bridge matrices for micro SAMs 11 4. Creating micro SAMs 16 5. Creating multiplier matrices 18 Ⅲ. Basic Pension (BP) 21 1. Underlying assumptions: fiscal streamlining and tax financing 23 2. Economic ripple effects of fiscal streamlining 27 3. Economic ripple effects of tax financing 28 4. Income redistribution effect of the BP 32 5. Conclusion 33 Ⅳ. National Health Insurance (NHI) 35 1. Scenarios for analysis 37 2. NHI expenditure and revenue: current status and outlook 38 3. Creating a SAM for analysis 39 4. Analysis results 42 5. Conclusion 56 References 57
dc.format	application/pdf
dc.language	eng
dc.publisher	한국보건사회연구원
dc.publisher	Korea Institute for Health and Social Affairs
dc.rights	Attribution-NonCommercial-NoDerivs 2.0 Korea (CC BY-NC-ND 2.0 KR)
dc.rights	KOGL BY-NC-ND
dc.rights.uri	https://creativecommons.org/licenses/by-nc-nd/2.0/kr/
dc.rights.uri	http://www.kogl.or.kr/info/licenseType4.do
dc.title	The Economic Effect of the Basic Pension and National Health Insurance: A Social Accounting Matrix Approach
dc.type	Book
dc.type.local	Report
dc.subject.keyword	사회계정행렬
dc.subject.keyword	기초연금
dc.contributor.affiliatedAuthor	원종욱
dc.type.other	Policy Report
dc.identifier.localId	Policy Report 2016-01
dc.subject.kihasa	공적연금
dc.subject.kihasa	보건의료 안전망