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Optimum Population of Korea from the Perspective of Social Welfare  

Kim, Seung-Kwon (한국보건사회연구원)
Publication Information
Korea journal of population studies / v.29, no.1, 2006 , pp. 241-268 More about this Journal
Abstract
This study aim to examine the optimum population in Korea, which has the lowest fertility rate in the world. This study has significance because this rapid decline in the fertility rate is expected to bring the decrease of the population and unbalance in the population composition in Korea. From the social welfare perspective, the optimum population is guided by maximization of the social welfare level per person or the social welfare level in a society. The optimum population can be defined as follows: The proportion of older adults 65 and over is 15-17%, the proportion of work force is 64-69%, the index of aging is 72-104. Within the current population and population composition, the optimum population is estimated as 4.85-4.95 million. These findings imply that we need to remove causes of low fertility rate and prepare for policies encouraging immigration of labor force from foreign countries. In addition, policies and programs where children can be grown up in good environments and women and older adults can participate in labor force should be established.
Keywords
optimum population; social welfare; social insurance; welfare for older adults;
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