Income distribution and poverty among the working-age population and implications for social welfare policies

This chapter looks at the implications of social welfare policies in income distribution and poverty among the working-age population. Korea has an institutional framework capable of providing an effective safety net for the working-age population. Yet, Korea’s poverty rate is high by international standards and its tax/benefit system is one of the least effective among OECD countries in reducing income inequality and in alleviating poverty. To strengthen social cohesion and have a significant effect on poverty alleviation, the challenge for policy reform will be to extend the reach of the three main pillars of the safety net and take measures to improve the accessibility for those whose circumstances result in family income below the poverty threshold; strengthening the employment orientation of the support provided to those who have work capacity; and undertaking systematic and regular monitoring and evaluation of programmes.

 
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