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Top Incomes in Korea, 1933-2010: Evidence from Income Tax Statistics

Author

Listed:
  • Jongil Kim

    (Dongguk University)

  • Nak Nyeon Kim

    (Dongguk University)

Abstract

This paper constructs the long-term series of top income shares in Korea using income tax statistics. Top income shares dropped sharply after WWII, remained low during industrialization periods, and has ascended since the mid-1990s. We suggest that the fall in the top income sharesafter WWII can be explained by the economic collapse and political disruption after liberation. The rising income concentration in the last 15 years could be attributable to the drastic shift in industrial structure and the institutional factors such as the reduction in the marginal tax rate and the post-crisis changes in the corporate governance system.

Suggested Citation

  • Jongil Kim & Nak Nyeon Kim, 2014. "Top Incomes in Korea, 1933-2010: Evidence from Income Tax Statistics," Working Papers 201402, World Inequality Lab.
    • Handle: RePEc:wel:wpaper:201402
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    File URL: https://wid.world/document/wid_working_paper_2014_2_korea/
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    Cited by:

    1. Sébastien Lechevalier & Pauline Debanes & Shin Wonkyu, 2016. "Financialization and industrial policies in Japan and Korea: Evolving complementarities and loss of institutional capabilities," Working Papers halshs-01431783, HAL.
    2. Lechevalier, Sébastien & Debanes, Pauline & Shin, Wonkyu, 2019. "Financialization and industrial policies in Japan and Korea: Evolving institutional complementarities and loss of state capabilities," Structural Change and Economic Dynamics, Elsevier, vol. 48(C), pages 69-85.
    3. İşcan, Talan B. & Lim, Kyoung Mook, 2022. "Structural transformation and inequality: The case of South Korea," Economic Modelling, Elsevier, vol. 107(C).
    4. Nak-Nyeon Kim, 2018. "Top Incomes in Korea: Update, 1933-2016"," World Inequality Lab Working Papers hal-02878150, HAL.

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