Generous income support programs as provided by European welfare states have often been blamed to hamper employment …. This paper investigates the importance of incentives inherent in the tax-benefit system for the individual decision to take … incentives at the extensive margin measured by the Participation Tax Rate (PTR), particularly for low-income individuals. Work …

As of 2016, 20 employment incentives are in operation in Korea under four ministries with a budget of 2.8 trillion won …