This study examines how the income and wealth distribution structure has changed along with Korea’s economic growth, and aims to provide some basis for future economic policy directions.
The majority of domestic and international studies on Korea’s income distribution conclude that Korea’s income disparity is not serious compared to other countries. However, statistical analysis shows that Korea’s income distribution has worsened since the Asian financial crisis of 1997, making it necessary to enhance local institutions regarding earned and unearned income, including capital gains.
Future economic policies should consider efficiency and equity, so as to eliminate discrimination, improve flexibility in the labor market, expand productive welfare, increase human resource development and educational investment, tackle inefficiency caused by government-driven compressed economic growth, impose tax fairly, and achieve social unity through distributive justice.
한국의 분배문제(Korea’s distribution issues)
현황, 문제점과 정책방향
|Series Title; No||정책포럼 / 제142호(9807)|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < General|