Corporate Welfare and Maternity Protection Programs

Ka-Chung Boo
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Ka-Chung Boo: Korea Labor Institute

Chapter 5 in Employment Relations in South Korea, 2014, pp 71-89 from Palgrave Macmillan

Abstract: Abstract Policy discussions on welfare have only recently started to focus on corporate welfare. From the very beginning, welfare states were created through compromise between the rising power of labor and the capitalists, based on the core principle of income redistribution that alleviates inequalities and lessens subordination to the market. Corporate welfare is a bit different in that the attributes of capitalism are recognized for what they are, while companies seek to increase the level of satisfaction experienced by their workers in order ultimately to improve performance. Because much of corporate welfare as such is guided by self-interest, scant attention was paid to this topic in the realm of welfare. Corporate welfare in the current world is, however, not just an issue that affects only the firm in question but one that we cannot afford to overlook when researching inequality and redistribution.

Keywords: Provision Rate; Employee Benefit; Global Economic Crisis; Benefit Expenditure; Social Insurance Scheme (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-42808-0_5

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DOI: 10.1057/9781137428080_5

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