Father and Son: How unequal opportunities are in Korea?
The present paper proposes a method to decompose the observed socio-economic inequality into the part due to unequal opportunities and the part due to differential exercise of individual effort. The proposed method is applied to the data set constructed from the Korea Labor and Income Panel Studies for the period of 2003-2006, consisting of individuals who are male heads of household 30-55 years old. Among the many circumstance variables, which are beyond the control of individuals, we chose only one variable: father's level of education. We provide a range of estimates of the importance of this circumstance variable in accounting for education and income inequality in one of the East Asian miracle countries. Father's education is found to account for between 16 and 59 percent of education inequality, between 4 and 12% of wage inequality when the elasticity of labor supply is assumed to be equal to 0.06, and between 2 and 12% of income inequality under the same assumption.
|Date of creation:||2010|
|Date of revision:|
|Contact details of provider:|| Postal: 1-5-Ga, Anam-dong, Sung buk-ku, Seoul, 136-701|
Fax: (82-2) 928-4948
Web page: http://econ.korea.ac.kr/~ri
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:iek:wpaper:1014. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kim, Jisoo)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.