The fiscal burden of Korean reunification
Subtitle: a generational accounting approach
By: Alan J. Auerbach, Young Jun Chun, Ilho Yoo.
Contributors: Chun, Young Jun; Yoo, Ilho.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10693; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10693.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Korean reunification question (1945- ) -- Economic aspects.; Finance, Public -- Korea.
Description: "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 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 expenditure for North Korean residents, rather than to the direct reconstruction cost of the North Korean economic system after the disintegration of its old economic regime"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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