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Are distributional impacts of political regime shifts on personal income taxation significant in Korea?

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  • Are distributional impacts of political regime shifts on personal income taxation significant in Korea?
  • Sung, Myung Jae
  • Seoul National University


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Title Are distributional impacts of political regime shifts on personal income taxation significant in Korea?
Similar Titles
Material Type Articles
Author(English)

Sung, Myung Jae

Publisher

[Seoul, S.Korea]:Seoul National University

Date 2015
Journal Title; Vol./Issue Korean Journal of Policy Studies:vol. 30(no. 1)
Pages 33
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Government and Law < Political Systems
Holding Seoul National University

Abstract

This paper evaluates the distributional impacts of political regime shifts on personal income tax (PIT) between the radical and the conservative parties over the last two decades in Korea; most Korean people believe that tax policies have alternated between equity (i.e., redistribution) and efficiency (i.e., growth) depending significantly on the political stance of administrative government, even though their subjective belief has never been rigorously verified. The analysis includes estimation of changes in effective PIT burden and its redistributive effects between administrations. The changes in PIT burden were decomposed by factor to consistently compare the real effects of political regime shifts by eliminating the noise caused by other factors. The radical administrations were likely to fortify the redistributive effects of the PIT, while the conservative administrations were likely to enhance efficiency at the expense of equity. (The rest omitted)