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Korea by lsyuiber is a document available to read on EtoBox.

This study examines the implications of population aging in Korea, highlighting its adverse effects on economic growth and fiscal sustainability. It identifies a two-way effect where increasing welfare expenditures for the elderly strain government finances while sluggish economic growth hampers tax revenue collection. Projections indicate that by 2067, the elderly population will comprise 46.5% of the total, leading to significant long-term fiscal imbalances.

Author

lsyuiber

Language

EN