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An investigation of the determinants of household vulnerability and poverty in Korea

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  • An investigation of the determinants of household vulnerability and poverty in Korea
  • Kang. Woojin
  • The Association of Korean Economic Studies


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Title An investigation of the determinants of household vulnerability and poverty in Korea
Similar Titles
Material Type Articles
Author(English)

Kang. Woojin

Publisher

[서울]:The Association of Korean Economic Studies

Date 2015-08
Journal Title; Vol./Issue Korea and the World Economy:vol. 16(no. 2)
Pages 29
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Social Development < Population
Holding The Association of Korean Economic Studies

Abstract

The present study investigates the determinants of household poverty, and ex ante vulnerability as expected poverty. We also examine the role of household vulnerability on poverty dynamics during 2012-2013. Our empirical findings suggest that (i) although overlapping in the determinants between those two deprivations, some household characteristics such as higher debt burden are prone to not current poverty but future poverty and (ii) Not only does vulnerability translate into poverty, but also tends to create poverty trap. An accurate identification of vulnerability and an elaborate design of public safety nets are necessary for durable poverty reduction and prevention.