한국의 세대간 회계 2013-2018

초록

We address the generational equity in net tax burden based on the full-lifetime generational accounts which assesses the lifetime net tax payment of all the current and the future generations. We find that the fiscal policies of the past 110 years, including those of the Japanese colonial period, US military ruling period, and the Republic of Korea, results in the generational inequity: among current generations the net tax burden of the younger generations is much larger than that of older generations; and the net tax burden of the future generations is much heavier than that of current generations. we also show that current Korean fiscal polices are not financially sustainable and that large-scale tax and transfer adjustments are necessary to restore their financial soundness. The change in the tax and transfer policies for the period 2013-2018 reduced the difference in the net tax burden between future and current generations but the change is not significant to be considered to have improved the generational equity and the fiscal sustainability.

키워드