• Journal of Digital Convergence
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• v.16 no.12
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• pp.77-86
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• 2018

This study was carried out by using the concentration index calculation method from 1996 to 2016 by using the household trend survey data to confirm the difference of income transfer income and inequality in public transfer income. The main results are as follows. First, the public transfer income concentration index in 1996 was concentrated on the high income group with +0.2774, but since 2009, the concentration index has been negative (-), which has concentrated on the low income group. However, the effect of redistribution of income was small. Second, the average public transfer income of low - income households increased significantly while the number of high income earners decreased. It is gradually improving that public transfer income did not play a role in the improvement of income inequality. Third, public transfer income has been continuously increasing in all income classes, and the rate of increase is low in the low income class and slow in the high income class, so the public transfer income of the low income class is higher than that of the high income class. In sum, the inequality of public transfer income by income class in Korea is gradually improving, but it is not considered to be a level that can improve the inequality between income groups.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.12
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• pp.647-655
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• 2020

This study introduced income mobility analysis using pseudo-longitudinal panel data from Family Income and Expenditure Survey (FIES) to consider the dynamic process of individual's well-being through time. Since there is no comprehensive measurement of income mobility because of its dynamic process, various income mobility indices such as Chi-square, Average Jump Index, Atkinson et al. Mobility Ratio, and Shorrocks' Mobility Index were used. These indices revealed that Filipino households' income movements are more mobile than expected, and their income status improved from 2000 to 2015. As income mobility takes place, income inequality is reduced by 91.80 percent (91.80%). Furthermore, the growth effect is the main factor of income mobility. This indicates that households took the economic opportunities from economic growth to earn more. However, income mobility due to transfer effect (transfer of income from one household to another through lottery winning and borrowing) increased when the economy is not good. The higher income mobility due to growth effect compared to transfer effect, whether the economy is good or bad, means that households learned how to use their income in savings, investments, and entrepreneurship. This is the result of a successful financial literacy program of the government wherein households realized financial stability and security.

• Journal of Labour Economics
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• v.36 no.3
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• pp.97-128
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• 2013

This paper analyzes the changing factors of income inequality by approaches to income sources focusing on the effect of husband-wife labor income relation and employment ratio change on income inequality. The level of contribution of income source to income inequality showed that the inequality of labor income between husband and wife(especially the husband's income) takes great importance. Also, the covariance of labor income of husband and wife showed growing trend and changed toward the same direction. As a result of the decomposition of the labor income covariance, it was found that the change in husband-wife employment ratio explained the covariance change better than the change in labor income inequality.

• KDI Journal of Economic Policy
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• v.26 no.1
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• pp.141-190
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• 2004

Income inequality in Korea has increased after the economic crisis, and the main reason for the widening of income distribution is due to the increase of the unemployed when analyzed using the Urban Household Report(UHR). However, income inequality has not decreased although the rate of unemployment decreased after 2000. Further data bases for income-related statistics are necessary to examine the exact causes of changing income inequality as a whole since the UHR covers only statistics on urban employees' wage and salary in Korea.

• Journal of Families and Better Life
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• v.20 no.6
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• pp.81-93
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• 2002

The purpose of this study is to analyze the effects of household income drops on household economic status during economic crisis periods. Using the data taken from Korean Household Panel Study for 1996 and 1998, it was investigated how household income change affected household income, expenditure, and assets/debt. The economic status change of the income-decreased group was compared with that of the income-increased group. The major findings were as follows: Average income of the total sample was 1,905 thousand won in 1996, while 1,419 thousand won in 1998. The household of which income was decreased during the period was 65.1% of total sample. Average income of the group was reduced from 2,263 thousand won to 1,239 thousand won. Among income sources, the amount of income from real asset was found to be the highest decreasing rate, and the amounts of both business and employed-work income were reduced almost up to an half of those in two years ago. The amounts for all expenditure categories were also decreased with decreasing household income. Especially the expenditures for food away from home, leisure, durable, recreation, and vehicle-related expense were found to have the highest income elasticity. The households with decreased income were found to reduce household expenditures by 377 thousand won per month, which was 70.9% of that in 1996. Decreases in household income resulted in decreases in net wealth by 10,170 thousand won. With decreases in household income, the amounts of total insurance and private savings such as gye were decreased, and so were the amounts of real assets and monetary assets.

• Journal of Agricultural Extension & Community Development
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• v.30 no.4
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• pp.229-241
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• 2023

This study aims to examine the farm household income and consumption structure change as well as farm income inequality. Data from the Agricultural Household Survey for the years 2016, 2021, and 2022 were hired to analyze farm income inequality by the Gini coefficient decomposition method. Results show that from 2016 to 2021, all income quintiles exhibited an increasing trend, but in 2022, income decreased across all quintiles. As a result of analyzing farm household consumption expenditure, consumption expenditure increased in all income quintiles in 2021 and 2022 compared to 2016, but consumption of optional goods decreased in the fifth quintile. In addition, it was found that farmers in the first quartile had higher consumption expenditures and expenditures on options than those in the second quartile. The analysis of farm income by region show that public subsidies increased significantly for general rural farmers than for farmers in special and metropolitan areas in all income quintiles during the period. In the case of the first quintile, farm household income in rural areas in special and metropolitan cities increased compared to general rural areas. In the fifth quartile, agricultural income and sideline income in general rural areas increased compared to rural areas in special and metropolitan cities, while rural areas in special and metropolitan cities increased non-business income compared to rural areas. Results of farming income inequality by income type show a steady decline in inequality from 2016 to 2022, indicating that the decreasing gini coefficinet of public subsidies is contributing to the decline in farm income inequality. Private subsidies and side income are shown to increase inequality.

• Journal of Families and Better Life
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• v.26 no.6
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• pp.143-158
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• 2008

The purpose of the study was to investigate the wife and husband role division in household financial management between dual-income household and single-income household. Household financial management included the following five categories: financial planning, consumption/expenditure management, savings/investment management, risk management and credit management. Data for this research was collected through 610 married women living in Seoul, Korea. Using SAS-PC program, Chi-square and t-test Analyses were executed. The results showed that dual- and single-income households tend to have different perspectives on marital role division in household management. Wives of dual-income households had more significant roles in financial management rather than wives of single income households. Especially, wives of dual-income managed more active credit management and saving/investment management. On the other hand, wives of single-income households played a major role in making decision over cheap items than that of wives of dual-income household.

• Korean Journal of Agricultural Science
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• v.43 no.1
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• pp.127-135
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• 2016

Improving farming activity competence of farm households has recently been considered one of the most important factors for increasing farm income. However, few studies examine the relationship between farm income and farming activity competence of farm households directly due to the lack of an available dataset. In this study, we examine the relationship between farm household technical managerial competence and farm household income based on the nearly 30,000 farm households consulting data gathered by the Rural Development Administration, RDA. The major findings of this study are as follows: firstly, statistically significant differences in agricultural and farm household income exist between farm households categorized by farm activity competence levels in terms of technique and management. Secondly, a technically and managerially competent farm household group (high-rank farm household) has 2.2 times higher agricultural income and 1.9 times higher farm household income than the technically and managerially incompetent farm household group (low-rank farm household). Thirdly, farm household technical-managerial competence is one of the major factors that affect agricultural and farm household income. Regarding technical competence, agricultural income and farm household income increased by approximately 1,390,000 won and 1,530,000 won, respectively, as technical points increased by one point. However, with respect to managerial competence, agricultural income and farm household income increased by approximately 1,320,000 won and 2,070,000 won, respectively, as managerial points increased by one point.

• Korean Journal of Human Ecology
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• v.17 no.6
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• pp.1051-1063
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• 2008

This study was to investigate the relationships between stress coping strategies, emotion regulation ability and behavior problems with children from low-income families and middle-income families. Subjects were 171 children from low-income families and 228 children from middle-income families, 4th - 6th grade in elementary school. The major findings are followings: (1) The level of emotion regulation ability in children from low-income families was lower and active stress coping strategies were less than children from middle-income families. In the behavior problem, children from low-income families were higher than children from middle-income families. (2) The stress coping strategies(active/ social support) in children from low-income families were related with internal behavior problem(anxiety /withdrawal). And the emotion regulation ability was related to the children's behavior problem. (3) Regression analysis model showed that emotion-regulation ability was the most influential factor to the children's behavior problem, and children from low-income families with aggressive coping strategy showed hyperactive behavior problem. So, the education/therapy programs for children from low-income families have to be developed and practiced in schools, local children centers and so on.

• The Journal of the Convergence on Culture Technology
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• v.8 no.3
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• pp.221-227
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• 2022

This study purports to deal with so-called basic income policy that Korea society has paid a great amount of attention to in welfare policy area. As an introduction, the definitions of basic income policy, and her natures and characteristics, and ideological foundation will be covered. Then, this study will discuss current debating issues upon basic income policy around the world such as basic income policy vs pre-existing social security systems, basic income policy and labor supply, the potential effect of basic income policy upon income redistribution, and feasibility of basic income as an actual policy. In conclusion, this study will investigate major criticisms on basic income policy and suggest viable paths that interested researcher should take for further study on basic income.