Social employment creation policy has been creating employment and training opportunities for the poor and the disabled through developing social enterprises(or social firms). The social enterprises which provide useful services to society, and practi...
Social employment creation policy has been creating employment and training opportunities for the poor and the disabled through developing social enterprises(or social firms). The social enterprises which provide useful services to society, and practise fair distribution of profits and social restoration have the considerable expected value and benefit. The aim of this study is to estimate the value of social employment creation(or social enterprises) by applying to the contingent valuation method(CVM). Further, we analyze the propagation effects on the economy from the investment generated by the calculated value of the social enterprise using input-output analysis. The main results of the study are as follows. First, overall respondents answer that they would be willing to pay 10,782 Korean won per person for social employment creation(or social enterprises). Applying to the whole population, we have approximately 359 billion Korean won as the existence-value of the social enterprise. Second, provided that our estimates, 359 billion won, are invested in the economy, induced effect on production is around 228 billion won, induced effect on value-added is 326 billion won, and induced effect on employment is 10,292 person as daily base. The results of the study could provide more clearly information and some criteria for decision-making about social enterprises related policy.