Title: The fiscal burden of Korean reunification
First published: 2004
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.
Subjects: Economic aspects, Economic aspects of Korean reunification question (1945- ), Finance, Public, Korean reunification question (1945- ), Public Finance
Places: Korea
LC classification: HB1