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Building a welfare system through bounded learning

A case of Korean long‐term care insurance

Bibliographic Data

ID6041068
AuthorsMigyeong Yun (0000-0003-0375-7714, University of Bremen), Won Sub Kim (0000-0003-4527-2926, Korea University, corresponding author)
Year2023
Volume15
Issue3
Pages453-474
Publication date2023-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAsian Politics & Policy (JOURNAL)
Journal identifiersISSN: 1943-0787 • E-ISSN: 1943-0779
PublisherWiley (PUBLISHER • GB)
DOI10.1111/aspp.12703
OpenAlexW4383876073
LanguageEN
Citations received2
References cited36

This article verifies three conditions in its aim to confirm the influence of Japan's experience on the introduction timing and policy model of South Korean long‐term care insurance (LTCI). First, the LTCI systems in Korea and Japan agree in terms of their core principles. Both are based on a separate social insurance system and ensure financial sustainability at the expense of service quality in response to the need to elevate expenditure. Second, the policymaking process reveals the reference relationship between the two systems. The advocacy coalition for LTCI suggested introducing an LTCI based on Japan's experience. However, their rationale was constrained due to the bounded rationality of policy learning. Finally, this article demonstrates that the rival arguments cannot completely explain the introduction of the Korean LTCI without considering the bounded learning argument. Consequently, the results of this study indicate that policy learning is critical to welfare development in latecomer welfare states

Actuarial science · Argument (complex analysis · Bounded function · Bounded rationality · Business · Core (optical fiber · Economics · Economy · Long-term care · Long-term care insurance · Market economy · Microeconomics · Political science · Process (computing · Public economics · Service (business · Social Welfare · Sustainability · Welfare · Computer Science · Intergenerational Family Dynamics and Caregiving · Law · Medicine · Psychology · Social Policy and Reform Studies · Socioeconomic Development in Asia

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Unique citing works2
Citations per year0,67
Citation span2023 - 2025 (3)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 2

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