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.
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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
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