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The distribution and polarization of income in Korea, 1965-2005 : A historical analysis

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  • The distribution and polarization of income in Korea, 1965-2005
  • Kwack, Sung Yeung; Lee, Young Sun
  • Chung-Ang University(Economic Research Institute)


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Title The distribution and polarization of income in Korea, 1965-2005
Similar Titles
Sub Title

A historical analysis

Material Type Articles
Author(English)

Kwack, Sung Yeung; Lee, Young Sun

Publisher

[Seoul]:Chung-Ang University(Economic Research Institute)

Date 2007-12
Journal Title; Vol./Issue Journal of Economic Development:vol. 32(no. 2)
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Conditions
Holding Chung-Ang University

Abstract

Four measures of inequality in the distribution of income, income sources, consumption, and saving for salary-and-wage-earner households in cities of Korea are reported. Polarization measures are also computed. Income distribution shows improvement during the early part of the 1990s, but modest deterioration during the period 1998-2005. The income inequality variations are found to result mostly from variations in wage inequality. We find that income gaps between the top 10 percent and the bottom 10 percent groups have been widening. Income inequality and polarization did increase in the early 2000s. However, no definitive evidence is found on the presence of a rising trend of polarization. Comparing the Gini and real mean income per household for the United States, Taiwan, and Korea from 1984 to 2003 indicates that Korea’s Gini varied relatively favorably.