Social Policies in an Age of Austerity

Edited by John Karl Scholz, University of Oregon, US, Hyungpyo Moon, Minister of Health and Welfare of the Republic of Korea and Senior Fellow, Korea Development Institute, Korea and Sang-Hyop Lee, Senior Fellow, East-West Center and Professor, Department of Economics University of Hawaii at Manoa, US

• Contents: PART ISOCIAL AND FISCAL POLICY1. Introduction and OverviewJohn Karl Scholz, Hyungpyo Moon and Sang-Hyop Lee2. Tax and Spend: The Interplay of Fiscal and Social PolicyJohn Karl Scholz and Hsueh-Hsiang Li3. The Social Safety Net in Korea: From Welfare to WorkfareYoungsun KohPART IIISSUES IN LABOR MARKET POLICY4. Understanding Differences in Job Growth in Europe, Canada and the United States: What Went Wrong in the United States?Alan B. KruegerPART IIISOCIAL INSURANCE AND POLICY EFFECTIVENESS5. The Unsustainable Rise of the Disability Rolls in the United States: Causes, Consequences and Policy OptionsDavid H. Autor6. Expanding Coverage of the National Pension in Korea: The Effectiveness of the Matching Contribution SubsidyHyungpyo MoonPART IVEDUCATION POLICY EFFECTIVENESS7. Current Themes in Education Policy in the United StatesDiane Whitmore Schanzenbach8. After-school Classes in Korea: Effects on the Demand for Private Tutoring and Academic PerformanceHisam KimPART VISSUES IN ANTIPOVERTY PROGRAMS9. Recent Developments in Antipoverty Policies in the United StatesJames P. Ziliak10. Korea’s Basic Old-Age Pension and its Poverty Reduction EffectsWankyo Chung11. Effects of Government Subsidies on Investment by Small CompaniesBong Geul Chun and Hanwook YooIndex

‘South Korea is a recently rich country with dramatic demography - expensive children, very low fertility, long life and rapid population aging. Its policies and institutions must adjust rapidly to these new economic and demographic realities, and this excellent collection of studies of the welfare state in Korea, North America, and Europe will help guide Korean policymakers in this task.’