Universalism versus residualism
A micro-simulation of alternative income maintenance schemes in South Korea
Bibliographic Data
| ID | 12937483 |
|---|---|
| Authors | Nari Park (Chung-Ang University, corresponding author), Kyo‐seong Kim (Chung-Ang University) |
| Year | 2024 |
| Volume | 32 |
| Issue | 2 |
| Pages | 212-235 |
| Publication date | 2024-01-24 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Poverty and Social Justice (JOURNAL) |
| Journal identifiers | ISSN: 1759-8273 • E-ISSN: 1759-8281 |
| Publisher | Policy Press (PUBLISHER • GB) |
| DOI | 10.1332/17598273y2023d000000013 |
| OpenAlex | W4391164602 |
| Language | EN |
| Citations received | 1 |
| References cited | 12 |
This article examines the past, present and future of income maintenance schemes in Korea. Historically, income security schemes have been built on the idea of work-centred social insurance supplemented by social assistance. This approach was based on the premise of full employment. While current schemes have achieved institutional completeness and have contributed to alleviating poverty and inequality, they have exhibited limitations in responding to the qualitative shifts of capitalism, leading to welfare blind spots. Various alternatives have been proposed, such as universal basic income (UBI), which aims for equality, and residual Safety Income (SI), which aims for efficiency. The objective of this study is to validate the effects of basic income proposals and SI as alternative income maintenance schemes emerging in Korea. We simulated and compared the poverty alleviation and income redistribution effects of the two alternatives using data from the Survey of Household Finances and Living Conditions (2019~2021). The effects of poverty alleviation and income distribution were determined by analysing the hypothetical changes in absolute and relative poverty rates, as well as the Gini coefficient. The efficiency of benefits was assessed as the ratio of the amount used to reduce the poverty gap out of the total benefit amount. The study found that while SI appeared cost-effective in addressing absolute poverty, UBI was also effective in addressing relative poverty and income inequality
Demographic economics · Development economics · Distribution (mathematics · Economic growth · Economic inequality · Economics · Extreme poverty · Geography · Gini coefficient · Household income · Income distribution · Inequality · Labour economics · Political science · Politics · Poverty · Public economics · Social security · Universalism · Welfare · Intergenerational Family Dynamics and Caregiving · Mathematics · Retirement, Disability, and Employment · Social Policy and Reform Studies
The Precariat
Capital in the Twenty-First Century
Parents' Incomes and Children's Outcomes
The Rise of the 'Just-in-Time Workforce'
Welfare State, Universalism and Diversity
Give a Man a Fish. Reflections on the New Politics of Distribution
Deaths of Despair and the Future of Capitalism
Global Inequality
Universal Basic Income is affordable and feasible
Young, successful, precarious? Precariousness at the entry stage of employment careers in Germany
The Paradox of Redistribution and Strategies of Equality
Precarious Work, Insecure Workers
| Citations per year | 0.5 |
|---|---|
| Citation span | 2024 - 2024 (1) |
| Highly cited | No |