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KMID : 0379220110310010111
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Journal of Korea Gerontological Society
2011 Volume.31 No. 1 p.111 ~ p.127
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Comparative Study on Old-age Income Mix and Poverty Reduction Effects of Income transfer System for the Elderly
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Kim Jin-Wook
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Abstract
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The study aims to analyse whether Korea and Taiwan have reduced the elderly poverty effectively through income transfer system in a comparative perspective. It covers 12 Western welfare states and 2 East Asian welfare states(korea and Taiwan). Utilising Luxembourg Income Study(LIS) datasets, empirical analyses focus on old-age income mix and poverty reduction effects of income transfer. Major findings are as follows. Frist, whilst public transfer income takes a major part in old-age income mix in Western welfare states, Korea and Taiwan reveal genuine mixed states - i.e., the relative proportion of private transfers and market income are high. Secondly, public transfers have effectively reduced the old-age poverty in Western welfare state. However, thirdly, those effects are still limited in Korea and Taiwan. Rather, the poverty reduction effects of private transfers are relatively high. Based on the empirical findings, the study suggests future research agendas and policy implications.
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KEYWORD
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Income sources of the elderly, Old-age income mix, Private transfer, Public transfer, Poverty reduction effects
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