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- W2347761330 abstract "Generational contracts are specified into public pensions based on generational solidarity. The Korean National Pension has been reformed with a focus on generational equity with a narrow meaning related to contribution rate and benefit level. As a result, the Korean National Pension has only emphasized generational equity and not contributed to generational solidarity. We investigate changes in the content of the generational contract and propose to reconstruct generational contract to contribute to solidarity with a more comprehensive perspective. A new social contract by reformed pension system should not concentrate on narrowed generational equity. It should be reconstructed in the direction of enhancing efficacy and the stability of generational solidarity with an emphasis on social sustainability. Investment into the next generation would be one of many policy measures to decrease conflicts around intergenerational redistribution and improve the financial stability of the public pension by creating population structure and labor market changes." @default.
- W2347761330 created "2016-06-24" @default.
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- W2347761330 date "2015-08-31" @default.
- W2347761330 modified "2023-09-24" @default.
- W2347761330 title "The National Pension and Restructuring of Intergenerational Contracts" @default.
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- W2347761330 doi "https://doi.org/10.5351/kjas.2015.28.4.807" @default.
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