• Journal of Labour Economics
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• v.42 no.2
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• pp.1-35
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• 2019

This paper compares the effects of income transfer and wage subsidy in a simple general equilibrium model. The redistributive effects of both policies are smaller, the more intensive in low wage workers are the luxury goods production. Wage subsidy contributes more to employment and GDP relative to income subsidy, but its redistributive effects can be smaller depending on the elasticities of labor demand supply. More complete empirical analysis appears due on the effects of both policies in order to design an optimal mix of efficiency and equity.

• 한국사회정책
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• v.25 no.3
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• pp.3-35
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• 2018

This article critically reviews the arguments that deny the financial feasbility and effectiveness of universal basic income as an alternative to existing social security systems and makes some suggestions to design effective and efficient basic income schemes. Regarding the financial feasibility of universal basic income, I argue that replacement of the existing regressive tax expenditures with universal basic income without raising tax rates can effectively reduce tax burden or provide income support to a majority of people except the rich. Addition of basic income to the tax base and reduction of the number of beneficiaries of public assistance and the amount of cash payment for them can further help save money. Regarding the redistributive effect, I note that the targeting ability of the existing social security systems is not good and that "the paradox of redistribution" that universal-type programs tend to be more redistributive than selective programs applies to universal basic income as well. I demonstrate significant redistributive effect of a hypothetical revenue-neutral basic income scheme and reviews several empirical studies done in Korea and abroad to show that basic income can be more effective in redistribution than social insurances or public assistance programs. Lastly, I emphasize the need to construct a reliable tax-benefit microsimulation model to help researchers to study redistributive effects of basic income schemes and other taxes and social policies.

• Journal of the Korea Concrete Institute
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• v.20 no.1
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• pp.23-33
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• 2008

The moment redistribution in continuous reinforced concrete beams is very feasible phenomenon, by which the efficiency and the economy in designing reinforced concrete members can be enhanced. However, to understand the structural behavior by moment redistribution phenomenon, it is desirable to verify its mechanism experimentally considering tension stiffening effect, the relationship of moment redistribution and beam deflection, crack pattern, and effective stiffness. Six reinforced concrete continuous beam specimens were fabricated, and each specimen had a dimension of 250 mm $\times$ 350 mm and 7,000 mm long. The location of de-bonding was taken as the primary test parameter to investigate tension stiffening effect. The moment redistribution ratio of the specimens was different depending on the position of de-bonding, and in particular no moment redistribution was observed when de-bonding exist at both ends, the maximum negative moment region and the maximum positive moment region.

• KDI Journal of Economic Policy
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• v.33 no.2
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• pp.145-175
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• 2011

We analyse an overlapping generation model in which economic agents, especially their income distribution, influence environmental policy and redistributive policy through political decision making process. In an economic equilibrium which doesn't consider political process, the introduction of environmental policy is shown to increase economic growth rate. In contrast to an economic equilibrium, environmental policy can be adopted when economic inequality reduces to a certain threshold in a political economic equilibrium. The adoption of environmental policy, on the other hand, incurs the demand of strengthened redistributive policy, which in turn decreases economic growth in a short run. We discuss broad policy implications based on our political economic analyses.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2004.10a
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• pp.561-564
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• 2004

전통적인 공급체인에서 많은 기업이 운영하고 있는 통제 방법 중 공급자가 다수 하류계층의 주문에 대해서 개별적인 처리방식으로 주문을 파악하고 공급하는 방식을 가지고 있다. 또한, 그 분배과정에 있어서는 하류계층 각각의 주문량을 근거로 공급하고 그에 대한 재고 관리도 하류계층의 주문에 따른 할당량에 따라 관리가 이루어지는 경우가 있다. 하지만 이러한 재고 관리 시스템은 전체 시스템의 관점에서 불필요한 재고 낭비를 가져오며 통합 주문/재고 관리를 통해 이 단점을 극복할 수 있다. 또한, 여러 하류계층의 수요로 인해 발생하는 재고 수준의 차이는 전체적인 공급체인의 입장에서 주문의 불균형을 유발하고 결과적으로 재고 관리의 비효율성을 가져올 수 있다. 이러한 경우에는 각 하류계층간의 재고의 재분배를 통해 주문량과 재고 보유수준의 불균형을 해소하고 전체 공급체인에서의 재고 관리 효율성을 취할 수 있다. 이 논문에서는 공급체인에서 이러한 두 가지 논점에 대한 문제점과 그 해결방안의 효율성을 System Dynamics를 이용한 시뮬레이션 결과를 통해 분석하고자 한다.

• KDI Journal of Economic Policy
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• v.12 no.4
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• pp.97-111
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• 1990

This paper examines the effect of redistributive inheritance tax on income distribution and social welfare. The model used here is the Overlapping-Generations Model consisting of individuals with different bequest motives where the lifetime income distribution in each cohort is determined endogeneously by the dynamic bequest process. It is shown that the introduction of redistributive inheritance tax can improve the vertical equity in the sense that the increase in tax rate reduces the coefficient of variations of intra-cohort income distribution in steady-state. However, it is also shown that, the effect on social welfare, when measured by Benthamite SWF, is uncertain in general. The numerical simulations show that, in spite of its equity-enhancing effect, the tax increase can actually lower the steady-state social welfare within the plausible range of parametric values, through the long-run output effect as well as the deadweight welfare loss incurred by tax distortion. Hence, the problem of equity-efficiency trade-off can arise in this case. However, if both the market interest rate and the elasticity of marginal utility in individual's preference function are sufficiently high, it is shown to be possible that the steady-state social welfare is enhanced by the introduction of inheritance tax.

• KDI Journal of Economic Policy
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• v.12 no.2
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• pp.121-134
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• 1990

This paper examines the redistributive potential of capital taxations within the two-class overlapping generations model, where only capitalists are intergenerationally linked through heritable capital stocks. In particular, the dynamic welfare incidence of two different capital taxations is examined; first a capital income tax levied uniformly on interest earnings, and second, an estate tax levied on the intergenerational transfers of capital stock within the capitalists' families. Redistributive effects are measured by examining how the permanent and unanticipated changes in proportional capital income tax and estate tax rates affect workers' welfare when the proceeds in each period are distributed, in a lump-sum fashion, among young workers. It is shown that, except for in the short run, both the capital taxes are ineffective and may actually lower the workers' steady state welfare through the shifting of tax burden toward workers from capitalists. Differential incidence analysis shows that redistributive potential is diminished further when the lump-sum transfers are financed by the estate tax rather than by the capital income tax. Although the model examined in this paper is based on simple and strong assumptions, this study suggests that redistributive policy using the capital taxations may only have distortionary effects in the long run, without improving workers' welfare, by incurring dead-weight loss unless additional fiscal measures are implemented to increase the investment incentives.

• Korean Journal of Social Welfare Studies
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• v.49 no.2
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• pp.211-232
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• 2018

The purpose of this study is to verify whether the types of welfare attitudes are classified according to the welfare regimes. Specifically, this study tried to confirm whether the satisfaction and needs of the role of government for inequality reduction are divided into welfare regimes. For the purpose, this study conducted a comparative analysis of 24 European countries using the 6th European Social Survey (2012) and the Eurostat data. The main results of the analysis are summarized as follows. First, there is a difference in the satisfaction and needs of the role of government for the inequality reduction among the welfare regimes. Generally, the satisfaction is high in the Nordic countries, while the needs is high in the southern and eastern European countries. Second, there is a correlation that the country where the per capita welfare expenditure level is high and the redistribution effect is strong have high level of the satisfaction. Third, the types of welfare attitudes are classified according to the welfare regimes. In particular, the Nordic countries are converging into a cluster with low needs and high satisfaction. These countries have high level of social spending and strong redistributive effects. This study suggested policy implications based on the above results.

• Korean Journal of Social Welfare Studies
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• v.40 no.1
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• pp.261-296
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• 2009

I constructed the 2003 Korean 'social accounting matrix'(SAM) to analyze the multipliers of total demand for each economic activity. I find that the relative magnitude of the influence of the welfare policy to the national economy measured by input-output production multipliers tends to be underestimated compared to SAM multipliers. This is because the total demand multipliers of SAM include the private sector effects, which is not considered in the input-output model. The result also support that income inflows in public service areas including education, health and social work, generate gains in the relative income of households.

• Journal of Teachers' Pension
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• v.1
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• pp.13-45
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• 2016

2015년말 사학연금제도의 법 개정이 이루어졌다. 그동안의 연금개혁이 주로 연금보험료 인상으로 이루어졌다면 이번 연금개혁은 연금지급률, 연금보험료률, 연금수급개시연령, 연금수급자에 대한 연금액 동결 등 다각적으로 이루어졌다. 국민연금과 동일한 수준의 가입자 내 소득재분배가 이루어졌다는 점도 특이하다. 본 논문은 사학연금법 개정의 재정효과와 후생효과를 분석하여 사학연금제도 개혁의 의미를 평가하고 정책과제를 도출하고 있다. 사학연금은 특수직역연금 중 유일하게 연기금이 아직 존재하는 제도로서 이번 연금개혁으로 국민연금에 가까운 재정안정화 효과를 거두었다는 점에서 큰 의의가 있다. 소득대체율과 연금수익비 등 후생적 측면에서의 후퇴에도 불구하고 제도의 안정성이 높아졌다는 점에서 의의가 크다. 이번 연금개혁으로 사학연금은 상당부분 국민연금제도와 유사하게 변동하였다는 점에서 국민연금과의 형평성도 제고되었다고 볼 수 있다. 2009년 연금개혁의 미비점을 보완하고 보다 완성도가 높은 개혁이 이루졌다고 볼 수 있다. 향후 국민연금제도의 재정안정화 추이에 맞추어 사학연금제도가 함께 부응해 나간다면 사학연금은 보다 재정적으로도 건전한 제도로 자리잡을 수 있을 것으로 판단된다.