Income Inequality and Poverty Reduction Effects of Transfer Income: A Comparative Analysis of Farm and Forestry Household

Sungho Kang

Journal of Rural Development/Nongchon-Gyeongje, 2011, vol. 34, issue 01

Abstract: The purpose of this study is to analyze the effectiveness of transfer income system in Korea, in terms of income inequality and poverty reduction effects. Using ‘Family income and expenditure survey’, ‘Farm household economy survey’, and ‘Forestry household Economy Survey’, this study estimates poverty ratio and Gini-coefficients as the main indicators of the effectiveness. Main findings of the research are as follows: first, poverty ratio of farm household and forestry household is higher than general household's poverty ratio. Secondly, the poverty reduction effects of public transfer programs are the highest in farm household, forestry household, and general household. And commonly, as age is getting higher, the poverty reduction effects of public transfer programs are higher. And the poverty reduction effects of private transfer are higher than public transfer programs in only general household. These results suggest that the poverty reduction effects of public transfer programs will be higher if we include farm and forestry household. And based on these results, it is needed to supplement elder's income support system for farm and forestry household.

Keywords: Consumer/Household Economics; Food Security and Poverty (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/330519/files/RE34-1-05.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:jordng:330519

DOI: 10.22004/ag.econ.330519

Access Statistics for this article

More articles in Journal of Rural Development/Nongchon-Gyeongje from Korea Rural Economic Institute Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().