• Title/Summary/Keyword: inequality factors

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Population Aging and Consumption Inequality in Korea (인구구조의 고령화와 소비격차)

  • Seok, Sanghun
    • 한국노년학
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    • v.30 no.4
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    • pp.1225-1237
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    • 2010
  • This study aims to analyze the factors affecting consumption inequality in the 10 years following the financial crisis, applying the cohort method on the data for the first to the eleventh wave of the Korean Labor and Income Study produced by the Korean Labor Institute. The study found that consumption inequality increased rapidly immediately following the financial crisis, and then decreased gradually until increasing again from 2005 onward. Analyzed in terms of age-time-cohort effects, there was a significant change in consumption inequality around the age of mid-forties, and the decrease in consumption inequality was smaller in the younger generations than in the older ones. This suggests that as the current younger generations age over time, consumption inequality may become greater. Also, when the factors in population-cohort-age effects from 1998 onward are analyzed, the age effect in consumption inequality becomes smaller, whereas the role of the rising average age due to demographic shifts seems to be increasing. This means that consumption inequality may become a serious problem in the rapidly aging society. Therefore, there is a need to consider ways to bolster social security and to provide further public assistance in the low-income retiree.

An Application of Absolute Matrix Summability using Almost Increasing and δ-quasi-monotone Sequences

  • Ozarslan, Hikmet Seyhan
    • Kyungpook Mathematical Journal
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    • v.59 no.2
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    • pp.233-240
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    • 2019
  • In the present paper, absolute matrix summability of infinite series is studied. A new theorem concerning absolute matrix summability factors, which generalizes a known theorem dealing with absolute Riesz summability factors of infinite series, is proved using almost increasing and ${\delta}$-quasi-monotone sequences. Also, a result dealing with absolute $Ces{\grave{a}}ro$ summability is given.

Historical Advances in Health Inequality Research (건강 불평등 연구의 역사전 발전)

  • Khang, Young-Ho
    • Journal of Preventive Medicine and Public Health
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    • v.40 no.6
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    • pp.422-430
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    • 2007
  • The socioeconomic inequalities in health have recently become an important public health concern in South Korea, and the issue has gained increasing attention from many South Korean researchers due to the increasing income inequality and Widening social polarization following its economic crisis in the late 1990s. However, despite the mounting literature on health inequalities published in recent years, the history of research on health inequality in South Korea is premature in comparison to the long histories in several Western countries. Understanding the historical background underlying the issue of health inequality research may aid in establishing and accumulating scientifically solid evidence in South Korea. It may also direct the South Korean research community to develop research agendas that are. more politically and academically appropriate for South Korean society. This paper describes the historical development of health inequality research in the West and introduces several important issues contributing to the advancement of health inequality research. Specifically, the major studies conducted before and after the UK Black Report are presented. In addition, the history and current status of health inequality research in South Korea are documented and evaluated. Finally, several research agendas for the quantitative and qualitative improvement of health inequality research in South Korea are proposed.

A Study of Factor Decomposition of Wage Ineqaulity of Korea, 2006-2015 (임금 불평등 변화의 요인분해: 2006-2015년)

  • Jeong, Jun-Ho;Cheon, Byung-You;Chang, Jiyeun
    • Korean Journal of Labor Studies
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    • v.23 no.2
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    • pp.47-77
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    • 2017
  • This paper analyzes the changes in wage inequality and its contributing factors since the mid-2000s. Although trends vary by data and wage indices, the Gini coefficient of the total wage of all workers shows an increasing trend due to the part-time increase of less than 35 hours per week, while the wage Gini coefficient of hourly wages and the total wage Gini coefficient of full-time workers showed a declining trend. Part-time increases have increased inequality based on total wages, but part-time hourly wage increases can be considered to have reduced hourly wage inequality. Therefore, as a result of decomposing the factor of Gini coefficient reduction only for full-time workers, factors that contributed absolutely to inequality reduction were variables such as job tenure, career, and occupation, and employment type variable has little effects, and the establishment size variable deepens inequality. The variables such as industry, age, and education did not contribute significantly to the inequality change. This is attributed to the decline in wage premiums for job tenure and management and professional jobs and the increase in wage premiums for large-scale businesses.

The Impact of Income Inequality on Economic Growth: Empirical Evidence from Vietnam

  • HIEN, Luong Quang
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.2
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    • pp.305-312
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    • 2022
  • Each country's economic progress creates opportunities for its citizens to raise their income. Meanwhile, the country has secured the people's social security policies, particularly the protection of income equality, to promote harmonious and sustained economic development. Vietnam has been located in a dynamic economic development area in Southeast Asia since the 1986 economic reforms, with an annual growth rate of around 7%. Meanwhile, having achieved a middle-income status of roughly 3500 USD per person per year, Vietnam is attempting to maintain income equality and access to welfare systems for its inhabitants. As a result, the primary goal of this study is to use an autoregressive distributed lagged model to investigate the effects of income inequality and other economic factors such as foreign direct investment and trade openness on Vietnam's economic growth from 1992 to 2019. The research focuses attention on literature on income inequality, economic development indicators, and economic development in unique ways in this study. Income inequality slows the rate of change in economic development in the same year, according to our findings. Finally, the study will make policy suggestions to the Vietnamese government.

Determinants of the Unemployment's Distributional Effect on the Income Inequality; A Comparative Study of the Industrialized Countries (실업의 소득불평등 효과의 국가간 차이에의 영향요인 분석 : 1980년대 서구 복지국가들을 대상으로)

  • Lee, Sang-Rok
    • Korean Journal of Social Welfare
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    • v.36
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    • pp.229-257
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    • 1998
  • In order to evaluate the effects of high unemployment rates on the income distribution and to find out mediative factors to these effect, the relationship between unemployment and income inequality in the industrialized countries and determinants of their relationship are analysized in this paper. Major findings from the analysis are these. First, changing pattern of unemployment rates are not similiar that of income inequality in the industrialized countries. This result suggests that relationships between unemployment and income inequality are dissimiliar within the industrialized countries. Second, results from analysis about relevant factors' effect on the relationship between unemployment and income inequality, the effects of economic factors such as economic growth rates and the scale of economy are not significant. But variables such as union density rates and scale of social welfare expenditure are found to have significant effects on the relationship between unemployment and income inequality. In fact, when the policy factors enters, the negative distributional effects of unemployment are lower by 50%. These results impliy that dissmilarities between the industrialized countries in the 1980s' changing patterns of income inequality are engendered from the union density rates and scale of social welfare expenditure. These findings in this paper suggest such a implication to the Korea; In order to achieve the more deserable society, policy orientations which give the priority to the economy restructuring rather than development of social welfare have to be reexamined and modified.

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The Role of Intelligence (IQ) on The Globalization-Income Inequality Nexus: A Threshold Regression Approach

  • IBRAHIM, Saifuzzaman;MAZLINA, A.R.;AZMAN-SAINI, W.N.W.;BURHAN, Nik Ahmad Sufian
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.12
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    • pp.9-17
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    • 2021
  • Globalization is an economic process responsible for the increase of interdependence of world economies. It enhances the mobility of national resources internationally via the integration of markets, trade and investments with minimal barriers to slow the flow of products and services. Although globalization has some positive impacts on the economy, it is said to be a factor in the decline of income inequality of the participating countries. However, the results of previous studies on the relationship between globalization and income inequality are inconclusive. This suggests that there are other factors influencing the relationship between the two variables. The purpose of this study is to examine the role of intelligence (IQ) in the globalization-income inequality relationship. This study employs the threshold regression technique and cross-nation observations from 117 sample nations for the period 1980-2016. The results show that the impact of globalization on income inequality in a nation relies on its IQ level. The results imply that economic globalization has a negative impact on income inequality in nations with lower IQ levels. It widens the gap between the poor and rich. While in nations with higher IQ levels, it seems to not have any significant impact on income distribution.

Inequality Factors and Trend in the Earnings of Self-Employed (자영업 근로소득의 불평등 요인과 변화)

  • Ji, Eun-Jeong
    • Korean Journal of Social Welfare
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    • v.64 no.2
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    • pp.55-83
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    • 2012
  • Self-employment rate is high in Korean labor market, while the income gap within self-employed is also high. Although, there are very few studies that addressed on the income inequality of self-employed. Thus, this study has measured the earnings inequality of self-employed by generalized entropy indices and decomposed inequality factor and trend. The empirical study is based on Korea Welfare Panel Study wave 1~4. The main result from this analysis is summarized in three points. Firstly, earnings inequality of self-employed is severely high and the earnings polarization within self-employed has become more serious in Korea. Secondly, this study provides the evidence that the main factor of earnings inequality of self-employed is the status of self-employment, education level, age group, workplace scale and industry. Thirdly, the contribution of relative changes in the incomes of the status of self-employment is the largest to the inequality trend. In terms of education level, age group and industry, the increase of inequality within group(pure effect) mainly attributes to the rise of earnings inequality of self-employed and the change effect of group composition contributes to deterioration of inequality.

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