Centre for Policy on Ageing



An evaluation of recent old-age policy innovations in South Korea
Author(s)	Hee Seung Lee, Douglas A Wolf
Journal title	Research on Aging, vol 36, no 6, November 2014
Publisher	Sage, November 2014
Pages	pp 707-730
Source	roa.sagepub.com
Keywords	Health insurance ; Old persons pensions ; Well being ; Social policy ; Evaluation ; Korea.
Annotation	In 2008, South Korea launched a Basic Old-Age Pension, which provides income support for the bottom 60% of the population, and a universal Long-Term Care Insurance (LTCI). The authors investigate the effect of both policies on subjective well-being of the elderly. They use panel data from the Korean Longitudinal Study of Ageing, with the 2006 data representing the "pre-treatment", and the 2008 data the "post-treatment" situations. They use regression methods for purposes of inferring programme impacts. Their findings suggest that satisfaction with economic status was slightly improved by LTCI alone, and by LTCI and basic old-age pension in combination, depending on the estimator used. No policy impacts were found on satisfaction with health conditions. The benefits provided by the two programmes may be insufficient to raise well-being in the population as a whole. Alternatively, the outcomes may have been measured too soon after the policies were implemented. (RH).
Accession Number	CPA-160429201 A
Classmark	WPG: JJD: D:F:5HH: TM2: 4C: 7DK
Data © Centre for Policy on Ageing

...from the Ageinfo database published by Centre for Policy on Ageing.