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A Study on the Impact of the Combination of Income and Assets on Welfare Attitudes in Korean Society

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  • Jongmin Yang

    (The Incheon Institute)

Abstract

This study analyzed how attitudes toward welfare vary or align in Korean society based on the distribution of income and assets. It aimed to identify coalition structures based on income and asset combinations surrounding the current welfare system. The analysis revealed that regardless of income level, groups that have not accumulated sufficient assets are more likely to have positive attitudes when it comes to advocating the expansion of public welfare spending. However, with regard to redistributive policies aimed at addressing social vulnerability, it is evident that there is currently no group capable of forming a coalition with the low-income, low-asset group. Therefore, it can be predicted that in the process of reforming the social security system, an approach of universal welfare policies, providing benefits to the majority of citizens, coupled with additional benefits proportional to the taxes paid, may receive high levels of support.

Suggested Citation

  • Jongmin Yang, 2024. "A Study on the Impact of the Combination of Income and Assets on Welfare Attitudes in Korean Society," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 172(3), pages 901-924, April.
    • Handle: RePEc:spr:soinre:v:172:y:2024:i:3:d:10.1007_s11205-024-03332-9
    DOI: 10.1007/s11205-024-03332-9
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    References listed on IDEAS

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    1. Richard Ronald & John Doling, 2010. "Shifting East Asian Approaches to Home Ownership and the Housing Welfare Pillar," International Journal of Housing Policy, Taylor & Francis Journals, vol. 10(3), pages 233-254.
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    5. Romer, Thomas, 1975. "Individual welfare, majority voting, and the properties of a linear income tax," Journal of Public Economics, Elsevier, vol. 4(2), pages 163-185, February.
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    Cited by:

    1. Seungwoo Han, 2025. "Homeownership, Income and Social Trust: Exploring Dynamics Between Homeownership, Income, and Individuals’ Perceptions of Autonomy and Social Trust in South Korea," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 176(2), pages 569-591, January.

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