FALLING LABOR INCOME INEQUALITY IN KOREA'S ECONOMIC GROWTH: PATTERNS AND UNDERLYING CAUSES

Gary Fields () and Gyeongjoon Yoo

Review of Income and Wealth, 2000, vol. 46, issue 2, 139-159

Abstract: Over the last twenty‐five years, the economy of the Republic of Korea achieved a remarkable growth rate of 7 percent per year in real per capita income, causing it to be labeled, justifiably, as a “miracle economy.” This exceptional economic growth has beenpp accompanied by an even more exceptional fall m labor income inequality. Using a newly‐developed methodology, we use data from Korea's Occupational Wage Surveys to quantify the importance of various factors that have contributed to the fall in labor income inequality in Korea. We find the most important factors explaining the level of income inequality are job tenure, gender, years of education, and occupation, while those that are most important in explaining the change in income inequality are years of education, industry, occupation, and potential experience.

Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (68)

Downloads: (external link)
https://doi.org/10.1111/j.1475-4991.2000.tb00952.x

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:bla:revinw:v:46:y:2000:i:2:p:139-159

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0034-6586

Access Statistics for this article

Review of Income and Wealth is currently edited by Conchita D'Ambrosio and Robert J. Hill

More articles in Review of Income and Wealth from International Association for Research in Income and Wealth Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().