The fiscal burden of Korean reunification a generational accounting approach by Alan J. Auerbach

Cover of: The fiscal burden of Korean reunification | Alan J. Auerbach

Published by National Bureau of Economic Research in Cambridge, MA .

Written in English

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Places:

  • Korea.

Subjects:

  • Korean reunification question (1945- ) -- Economic aspects.,
  • Finance, Public -- Korea.

Edition Notes

Book details

StatementAlan J. Auerbach, Young Jun Chun, Ilho Yoo.
SeriesNBER working paper series ;, working paper 10693, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 10693.
ContributionsChun, Young Jun, Yoo, Ilho., National Bureau of Economic Research.
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL3475843M
LC Control Number2005615274

Download The fiscal burden of Korean reunification

Our findings suggest that early reunification will result in a large increase in the fiscal burden for most current and future generations of South Koreans.

The Korean reunification's fiscal impact appears much larger than that of German reunification, due to a wider gap in productivity between the two Koreas and North Korea's much larger share Author: Alan J.

Auerbach, Alan J. Auerbach, Alan J. Auerbach, Young Jun Chun, Ilho Yoo. The fiscal burden of Korean reunification book Korean reunification’s fiscal impact appears much larger than that of German reunification, due to a wider gap in productivity between the two Koreas and North Korea’s much larger The fiscal burden of Korean reunification book of the unified country’s population.

The projected large-scale fiscal burden on South Korea is attributable. The Korean reunification's fiscal impact appears much larger than that of German reunification, due to a wider gap in productivity between the two Koreas and North Korea's much larger share of the unified country's population.

The projected large-scale fiscal burden on South Korea is attributable primarily to the rapid increase in social welfare. Downloadable (with restrictions).

This paper uses generational accounting to assess the fiscal impacts of Korean reunification. Our findings suggest that early reunification will result in a large increase in the fiscal burden for most current and future generations of South Koreans.

The Korean reunification's fiscal impact appears much larger than that of German reunification, due to a wider. Get this from a library. The fiscal burden of Korean reunification: a generational accounting approach. [Alan J Auerbach; Young Jun Chun; Ilho Yoo; National Bureau of Economic Research.] -- "This paper uses Generational Accounting to assess the fiscal impacts of Korean reunification.

Our findings suggest that early reunification will result in a large increase in the fiscal burden for. Reunification • Fiscal burden: Korea (generational imbalance for the base case: %) > Germany (generational imbalance for the base case: %) • Tax adjustment: Korea (% increase) > Germany (% increase) • Difference in the reunification cost = differences in the productivity gap (NK 8% of SK productivity level.

The Fiscal Burden of Korean Reunification: A Generational Accounting Approach Article (PDF Available) in FinanzArchiv Public Finance Analysis 61(1) February with 42 Reads.

The Fiscal Burden of Korean Reunification: A Generational Accounting Approach 65 a set of values of Nt¿, one for each existing and future generation, with the property that the combined present value adds up to the right-hand side of equation (1).

CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): This paper uses Generational Accounting to assess the fiscal impacts of Korean reunification. Our findings suggest that early reunification will result in a large increase in the fiscal burden for most current and future generations of South Koreans.

The Korean reunification’s fiscal impact appears much larger than. The fiscal burden of Korean reunification. By Alan J. Auerbach, Young Jun Chun and Yoo Ilho.

Get PDF ( KB) Abstract. 노트: The views expressed herein are those of the author(s) and not necessarily those of the National Bureau of Economic Research Topics: Korean reunification.

Reunification reached as a result of North Korean collapse, internal chaos in the North, or civil war would impose a massive burden on the Korean people as they seek to build a united nation.

“The overall magnitude of this added fiscal burden is much larger than that of German reunification, because (i) the productivity gap between South and North Korea is much larger than that between East and West Germany before reunification and (ii) North Korea’s population is much larger, relative to the.

Korean Reunification: Selected full-text books and articles The Road to Reunification Begins in Gaeseong By Park, Taejin North Korean Review, Vol.

7, No. For years, North and South Korea have shared one ultimate, even sacrosanct, goal: reunification. But at last Friday’s inter-Korea summit, North Korean. South Korea’s normalization of diplomatic relations with the Soviet Union () and China () during President Roh Tae-woo’s term also dealt a harsh blow to North Korea.

19 AfterNorth Korea cut off contact with South Korea and refused all opportunities to further engage in inter-Korean dialogue. The subsequent ROK president, Kim. Korean reunification (Korean: 남북통일; Hanja: 南北統一) refers to the potential reunification of North Korea and South Korea into a single Korean sovereign process towards reunification was started by the June 15th North–South Joint Declaration in Juneand was reaffirmed by the Panmunjom Declaration for Peace, Prosperity and Unification of the Korean Peninsula in.

Jin-Young BaeThe Fiscal Burden of Korean Reunification and Its Impact on South Korea's Macroeconomic Stability Joint U.S.–Korea Acad. Stud., 61 (), pp. Google Scholar. Downloadable. This paper evaluates the effects of population aging and fiscal policies on national saving in Korean situation.

For the prediction of the national savings rate of Korea for the next several decades, we employ a life-cycle model, which incorporates the generational accounting approach needed to assess the distribution of fiscal burden across generations. "The Fiscal Burden of Korean Unification," Joint U.S.-Korea Academic Studies, Volume 6.

Chun, Hong Tack. "A Gradual Approach Toward North and South Korean. One of the biggest concerns is the substantial economic burden associated with a possible reunification. Many people fear a negative impact on the living standards of the South Korean.

Twice a month a North Korean defector and a South Korean professor meet at a cafe in downtown Seoul for a caffeine-fuelled argument about one. In the years that follow reunification, it is highly likely that North Korean wages would rise substantially, creating a larger consumer market on the Korean peninsula.

Collectively, the population of a combined Korea, based on current demography, would total roughly 75 million, creating a sizable domestic market for private businesses to target. Joon Seok Hong "The Economic Costs of Korean Reunification" in PDF format ( MB).

For further content on the issue of Korean reunification, take a look at the comprehensive curriculum unit, Inter-Korean Relations: Rivalry, Reconciliation, and Reunification.

During a speech marking the 65 th anniversary of Korean independence (Aug ), current South Korean President Lee Myung. Among the international marriage in Korea, Chinese account for %, Vietnam %, and Philippine % Considering the case of Germany where the marriage barrier between East and West has been much higher than international border, unified Korea may demonstrate similar phenomenon In addition, as is the case with ethnic Korean groups in China.

Fukao, Kyoji Inui, Tomohiko and Kwon, Hyeog Ug The Economic Impact of Korean Reunification on Major Trade Partners: An Empirical Analysis Based on the World Input–Output Tables. Emerging Markets Finance and Trade, Vol.

53, Issue. 11, p. Jung, Seung-Ho. This historical work, released on the eve of the fiftieth anniversary of the Korean War, overturns the conventional wisdom on Korea. Official U.S. history portrays the Korean War as a notable example of America’s selfless commitment to democracy.

According to Cold War history, South Korea emerged. This study examined the prospects of Korean reunification. The study explores how the factors of integration affect North and South Korea after the country was divided into the two sides despite its millennium of unity.

A sample of both North and South Korean newspapers covering a year period of Korean reunificational efforts were analyzed as a major source of data to discover if there is.

Search the world's most comprehensive index of full-text books. My library. Rather than hope for an independent fix within North Korea, one solution is the reunification of North and South Korea. The idea of reunification has been debated on both sides of the 38th parallel since Korea split inbut the logistics of such a move carry major complications.

Political, monetary, fiscal, and cultural barriers would. North Korea's Unification Policy-A Long, Failed Gamble. For over half a century, the political dynamics of the Korean peninsula have been framed by a single hasty—and fateful—decision: an August agreement between Washington and Moscow that Korea would be temporarily partitioned at.

Tens of thousands of international participants would also die in what history books flatly name the first as an economic burden. of reunification. For the U.S. and South Korea. Reunification 'Would Boost Korea's Credit' Morgan Stanley noted that reunification costs would add to the fiscal burden but projected the sovereign credit rating would rise at.

KOREAN REUNIFICATION Belief in near term Korean reunification varies with the diplomatic and political situations on the peninsula.

However, there is generally an assumption that it is inevitable at some point in time. An important consideration in any discussion of reunification is the economic challenges and consequences. (Such views in part reflect the anxiety, widespread among South Korean young adults, that due to the country's rapidly aging demographic profile and swiftly rising dependency ratio, they will bear the fiscal burden of supporting many elderly South Koreans—regardless of what happens in the North.).

Recent Gallup World Poll data suggest that the majority of South Koreans want the two Koreas unified despite their expectation of heavy cost to the South. Considering the geopolitical position of a unified Korea and resulting implications for U.S.

interests in the region, South Koreans' changing perceptions of the superpowers surrounding the Korean peninsula may be a concern to the United. By Kim Yoo-chul The federal deficit in the United States is highly likely to increase this fiscal year. Economists say that the annual amount will likely exceed $1 trillion in fiscal and.

This paper uses generational accounting to assess the fiscal impacts of Korean reunification. Our findings suggest that early reunification will result in a large increase in the fiscal burden for.

KOREAN POLITICS Since the departure of the Soviets from the North inthere has been a nearly universal desire for national reunification by the people of both North and South Korea.

To unify. South Koreans are becoming less enthusiastic by the year about reunification with North Korea. Those in favor of reunification accounted for percent in a poll by the Korea. 1 CHINA’S INTEREST IN KOREAN UNIFICATION by Han Sung-Joo Professor Emeritus Korea University This article is drawn from a keynote address delivered on Novem at the “Preparing for a Peaceful Unification of Korea” Conference hosted by the Presidential Committee for Unification Preparation and the Ministry of Unification, and organized by the.

None of the respondents said the reunification will take place within the next five years, but 95 percent, or 19 out of the people surveyed, said the two Koreas will likely be unified before The South Korean film Parasite won four Oscars this week, including the first-ever best picture award won by a subtitled an Asian film dominate the US awards season might represent some progress in representation, or it might just represent the monumental achievement of.

South Korea should prepare for a unification process, which could happen unexpectedly. No one expected the fall of the Berlin Wall and German reunification.

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