The Distribution And Polarization Of Income In Korea, 1965-2005: A Historical Analysis
AbstractFour measures of inequality in the distribution of income, income sources, consumption, and saving for salary-and-wage-earner households in cities of Korea are reported. Polarization measures are also computed. Income distribution shows improvement during the early part of the 1990s, but modest deterioration during the period 1998-2005. The income inequality variations are found to result mostly from variations in wage inequality. We find that income gaps between the top 10 percent and the bottom 10 percent groups have been widening. Income inequality and polarization did increase in the early 2000s. However, no definitive evidence is found on the presence of a rising trend of polarization. Comparing the Gini and real mean income per household for the United States, Taiwan, and Korea from 1984 to 2003 indicates that Korea¡¯s Gini varied relatively favorably.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Chung-Ang Unviersity, Department of Economics in its journal Journal Of Economic Development.
Volume (Year): 32 (2007)
Issue (Month): 2 (December)
Korea; Distribution of Income; Polarization;
Find related papers by JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Esteban, J. & Gradin, C. & Ray, D., 1999. "Extension of a Measure of Polarization, with an Application to the Income Distribution of Five OECD Countries," Papers 24, El Instituto de Estudios Economicos de Galicia Pedro Barrie de la Maza.
- Michael Förster & Mark Pearson, 2002. "Income Distribution and Poverty in the OECD Area: Trends and Driving Forces," OECD Economic Studies, OECD Publishing, vol. 2002(1), pages 7-38.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Changhui Kang).
If references are entirely missing, you can add them using this form.