Economic Crisis and Income Inequality in Korea
AbstractUsing quarterly data for urban worker-households in Korea, I investigate trends in income and consumption inequality since the eruption of the recent economic crisis. I find evidence of sharply increasing income inequality while consumption inequality does not show any apparent trend. There is also evidence that severe deterioration in between-(income-decile)group inequality has more than offset minor improvement in within-group inequality, resulting in deterioration of overall income inequality. It is, therefore, believed that the worker households in Korea are undergoing a distinct process of income stratification parallel with the concentration of income after the economic crisis.
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 InfoPaper provided by University of Hawaii at Manoa, Department of Economics in its series Working Papers with number 199906.
Length: 25 pages
Date of creation: 1999
Date of revision:
Find related papers by JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
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.:
- Jong-Wha Lee & Changyong Rhee, 1999.
"Social Impacts of the Asian Crisis: Policy Challenges and Lessons,"
Working Paper Series
no2, Institute of Economic Research, Seoul National University.
- Jong-Wha Lee and Changyong Rhee, 1999. "Social Impacts of the Asian Crisis: Policy Challenges and Lessons," Human Development Occasional Papers (1992-2007) HDOCPA-1999-02, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).
- Lerman, Robert I. & Yitzhaki, Shlomo, 1984. "A note on the calculation and interpretation of the Gini index," Economics Letters, Elsevier, vol. 15(3-4), pages 363-368.
- Rasche, R H, et al, 1980. "Functional Forms for Estimating the Lorenz Curve: Comment," Econometrica, Econometric Society, vol. 48(4), pages 1061-62, May.
- Yitzhaki, Shlomo, 1979. "Relative Deprivation and the Gini Coefficient," The Quarterly Journal of Economics, MIT Press, vol. 93(2), pages 321-24, May.
- Shalit, Haim, 1985. "Calculating the Gini Index of Inequality for Individual Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 47(2), pages 185-89, May.
- Kwang Soo Cheong, 1999. "A Comparison of Alternative Functional Forms For Parametric Estimation of the Lorenz Curve," Working Papers 199902, University of Hawaii at Manoa, Department of Economics.
- Hey, John D & Lambert, Peter J, 1980. "Relative Deprivation and the Gini Coefficient: Comment," The Quarterly Journal of Economics, MIT Press, vol. 95(3), pages 567-73, November.
- Wodon, Quentin T, 1999.
"Between Group Inequality and Targeted Transfers,"
Review of Income and Wealth,
International Association for Research in Income and Wealth, vol. 45(1), pages 21-39, March.
- Milanovic, Branko, 1994. "The Gini-Type Functions: An Alternative Derivation," Bulletin of Economic Research, Wiley Blackwell, vol. 46(1), pages 81-90, January.
- Sastry, D V S & Kelkar, Ujwala R, 1994. "Note on the Decomposition of Gini Inequality," The Review of Economics and Statistics, MIT Press, vol. 76(3), pages 584-86, August.
- Lambert, Peter J & Aronson, J Richard, 1993. "Inequality Decomposition Analysis and the Gini Coefficient Revisited," Economic Journal, Royal Economic Society, vol. 103(420), pages 1221-27, September.
- Kakwani, Nanak, 1980. "On a Class of Poverty Measures," Econometrica, Econometric Society, vol. 48(2), pages 437-46, March.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Web Technician).
If references are entirely missing, you can add them using this form.