• Journal of the Korean Home Economics Association
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• v.33 no.5
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• pp.63-73
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• 1995

Absolute poverty is redefined as biological existence level poverty and relative poverty is also redefinded as 'the state that relatively insufficient compared to the specific society's average living standard under the condition that basic needs on the biological existence level has been satisfied.' Then absolute poverty and relative poverty lies on the same welfare continuum. Therefore these two can be regarded as one unified concept. Theoretical bottom line of poverty is the biological existence level and ceiling is average income. Poverty line for the social policy is to be drawn between ceiling and floor. Using these standard lines three poverty bands are categorized : minimum subsistence level, minimum decency level.

• Journal of Families and Better Life
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• v.14 no.2
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• pp.277-288
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• 1996

Food away from home consumption pattern difference among 20 different social strata has been observed in order to make judgement how much food away from home expenditure should be included in the 2 tiered poverty line. It was found that it was reasonable to include food away from home expenditure in the minimum living cost. And as social class rose expenditure amount and percentage of consumption compared to total food expenditure increased and income elasticity and margial propensity decreased. Percentage of consumption compared to total expenditure increased up to middle class however from 14/20 and up strata decreased as social strata rose. For 4 members city wage earner family suggested monthly poverty line is 16, 977 and suggested monthly relative poverty line is 60, 651.

• Korean Journal of Social Welfare
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• v.39
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• pp.157-179
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• 1999

This study is an empirical research to analyze how many private income transfers in Korea decrease poverty rate, to compare the effects of private income transfers' decreasing poverty rate with income classes. This study has utilised the Family Income and Expenditure Survey to estimate the poverty ratio in urban areas and Unemployment Household Survey which Korea Institute for Health and Social Affairs has investigated at 1998. Majour findins are these. First, Sizes of private transfers incomes are much than that of public transfers incomes. The rates in receiving private transfers income are ten times higher than that in receiving public transfers income among urban worker's household. The mean of private transfer income are about six times larger than that of public transfer income among urban worker's household. Second, the effects of private income transfers' reducing poverty rates are not large. After private transfers, urbarn workers' households are about 10 per cent away from its poverty line, and unemploy households are only 3 per cent away from its poverty line. Third, especially, private income transfers are hardly reducing poverty rates among extreme poverty class. After private transfers, urban workers' households which their incomes are within low 5%, are not away from its poverty line at all.

• Korean Journal of Social Welfare
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• v.61 no.1
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• pp.195-218
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• 2009

The purpose of this study was to analyze the phenomenon of poverty among North Korean settlers in Korea in terms of its magnitude, the severity, and its determinants by comparing it with the South Korean poor. The data used for this analysis were the second Korean Social Welfare panel data for the South Koreans and the third longitudinal study on North Korean settlers in the South. The average household income of the North Korean settlers reached about 70% of the South Korean counterparts. The percentage of the North Korean households that earn 200% of the poverty line was about the same as the South Koreans, which indicates the improvement of the economic status of the long-term settlers in the South. However, the North Korean settlers below 100% of the poverty line were twice as much , and those under 50% of the poverty line were 8 times more than their South Korean counterparts. Despite the improved economic status of the long-term North Korean settlers in the South, those who still live below the poverty line tend to remain in poverty, which is chronic and severe. The determinants of the North Korean settlers' poverty were identified as age, number of household members in employment, alcohol problem and health satisfaction level. Policy implications were discussed in conclusion.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.10
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• pp.73-85
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• 2020

As an effort to achieve sustainable development and increase people's welfare, financial inclusion has become the policy agenda of many countries. Therefore, the effect of financial inclusion on economic growth, poverty, income inequality, and financial stability in several countries in Asia has become the goal and this is the subject of this study. Financial inclusion is measured by 3 dimensions, namely banking penetration, access to banking services, and use of banking services. Poverty ratio below the national poverty line and the Gini coefficient are used as indicators of poverty and income inequality. Financial stability is measured by Bank Z-Score and bank nonperforming loans. The results from the hypothesis test shows that all dimensions of financial stability simultaneously have significant influence on economic growth, poverty, income inequality, and financial stability. On the other hand, the partial impact of financial inclusion dimension on economic growth, poverty alleviation, income inequality, and financial stability in ten countries of Asia has not been optimal. The derived results of this study is required to be interpreted and considered by the Governments of each country in developing strategies for increasing financial inclusion, so that the policy to achieve sustainable development and enhancement of people's welfare can be achieved.

• International Journal of Computer Science & Network Security
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• v.21 no.3
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• pp.295-303
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• 2021

The relevance of the research is due to the fact that the issue of poverty is one of the most acute social problems of the beginning of the third millennium. The phenomenon of poverty is widespread in third world countries as well as it is observed in relatively developed countries. Poverty rates in Latin America are threatening. Consequently, the issue of social and economic inequality in these countries has become extremely acute. The purpose of the research: to identify the causes of poverty and social inequality and substantiate the main directions of poverty reduction in third world countries. The research methods: comparative analysis; index method; systematization; grouping; generalization. Results. The classification of the causes of poverty has been carried out and the directions of its overcoming in the countries of Latin America on groups of indicators have been defined, namely: 1) political; 2) economic; 3) demographic; 4) regional-geographical; 5) social; 6) qualification; 7) personal. Based on the Net Domestic Product indicator, a comparison of economic indicators of the studied countries has been carried out. It has been revealed that from 1990 to 2018 income inequality increased in 52 of 119 countries studied, and decreased in 57 states. Inequality has increased in the world's most populous countries, particularly China and India. In general, countries with growing inequality are home to more than two-thirds (71%) of the world's population. Trends in the distribution of income in the world have been investigated by applying the Gini index, the high level of which is observed in Latin America (Colombia 48,9%, Panama 46,1%, Chile and Mexico 45,9%). The forecast of the impact of the Covid-19 pandemic on this issue has been outlined; the ways of its impact on the economies of the countries have been studied. As a result of the study, the main directions and mechanisms of the strategy for poverty reduction and social inequality in the third world countries have been identified. The implementation of the poverty reduction strategy presented in this academic paper may have a positive impact on the economic situation of the population of Latin American countries.

• Korean Journal of Social Welfare
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• v.63 no.1
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• pp.85-111
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• 2011

This study has the purpose to measure the multidimensional poverty in Korea by the counting approach which was theorized by Alkire and Foster to overcome problems of unidimensional approach, union method and intersection method for the identification of the multidimensional poor. By the counting approach applying to Welfare Panel in Korea during 2006-2008, the head-count ratio of the multidimensional poverty was measured. When 3 dimensions are applied as a dimension poverty line, the multidimensional poverty rate was 20% in 2008. It was due to broad deprivations in assets, social securities, income and health. Vulnerable classes such as single parent families, low-education level group, the aged, economically non-active population were among the severe poverty rates, which were reaching around 50%. The analysis reveals the possible alternative to change the present public assistance program to the robust approach of multidimensional poverty measurement, the counting approach. Social policies to reduce poverty in Korea would gain expected positive outcome with the various approaches based on the concepts of multidimensional poverty.

• Korean Journal of Social Welfare
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• v.60 no.4
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• pp.31-53
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• 2008

This study intends to verify the poverty characteristics of the rural elderly households so as to provide more specific data for the intervention of social welfare in the improvement of quality of life of the rural elderly. According to my study of the absolute poverty ratio, the poverty gap, the relative poverty ratio, the subjective poverty ratio, the subjective economic level and the life satisfaction level of the rural elderly households in comparison with those of the other groups, the conclusion is as follows: First, the total living cost of the rural elderly households is rather low with the food cost taking about 30% of the total living cost. Second, in terms of the poverty ratio based on socio-demographic characteristics, higher poverty ratio show among women, older people and households of fewer members. Third, 82.2% of the rural elderly households living with an income below the minimum living cost is found around the poverty line. Fourth, the rural elderly households show a comparatively higher poverty ratio than the other groups in the absolute and relative poverty, but lower economic strain than other groups in the subjective poverty ratio and life satisfaction level. In short, the rural elderly households' poverty level is generally high and therefore need ways of active economic supports, while a political approach to the subjective needs of the regional and intergenerational groups is also required.

• Korean Journal of Social Welfare
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• v.67 no.4
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• pp.31-50
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• 2015

This study attempted to empirically investigate the determinants of poverty transition of the working poor with disabilities from a dynamic perspective. Analyses were conducted on the data from Panel Survey of Employment for the Disabled(PSED, Year 1-6), included the households with a disabled head of household. The working poor were defined as the household of which income fell below 120% of the absolute poverty line among the households just described. As results, The 6-year mean poverty rate for the working poor with disabilities included in the analysis was 31.4%, approximately three times of the poverty rate of the total population and the working poor with disabilities were found to have greater difficulty with poverty exit once having fell into poverty than all households living in poverty. And it was found that the economic activity factor was the key determinant of in-work poverty. In addition, employment of the working poor with disabilities did not lead straight to poverty exit, and the quality, rather than the status of, employment was the key determinant of poverty exit. The implications of the findings of this study are that it is essential to increase decent jobs, expand the social safety net of the working poor with disabilities and establish poverty reduction measures for each class of the working poor with disabilities to exit from poverty.

• Korean Journal of Social Welfare
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• v.61 no.4
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• pp.333-354
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• 2009

This study decomposes the gender differences on poverty to explain the causes of the poverty gap between male- and female-headed households. In order to do this, we start from examining the extent of the poverty gap between maleand female-headed families and then conduct decomposition of poverty differences by gender using the Oaxaca method. This paper uses the (Urban) Family Budget Survey data from 1982 to 2008 and measures poverty using 50% of the median income poverty line. Major findings of this study are as follows: First, in 2008, the coefficient effect explains 70% or more of the total gender-poverty gap. Second, the trend of gender-poverty gap in the period of 1982~2008 shows that the poverty gap by gender increased in the 1980s', decreased in the 1990s', and a re-increased in 2000s'. Third, comparing the decomposition results in 1982, 1989, 1999, 2008, we found that the share of characteristic effect of the total gender poverty gap has been increased gradually over time. It means the characteristics of the female-headed households have become worse than those of the male-headed households in urban working families. At the same time, the still large coefficient effect suggests that the problems such as the discrimination against matriarchs or the lack of social support for them still play important roles among urban working families in Korea.