Economic Crisis and Income Inequality in Korea

Kwang Soo Cheong ()

No 199906, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: Using quarterly data for urban worker-households in Korea, I investigate trends in income and consumption inequality since the eruption of the recent economic crisis. I find evidence of sharply increasing income inequality while consumption inequality does not show any apparent trend. There is also evidence that severe deterioration in between-(income-decile)group inequality has more than offset minor improvement in within-group inequality, resulting in deterioration of overall income inequality. It is, therefore, believed that the worker households in Korea are undergoing a distinct process of income stratification parallel with the concentration of income after the economic crisis.

Keywords: Income inequality; the Gini coefficient and Income distribution in Korea (search for similar items in EconPapers)
JEL-codes: D31 D63 O15 (search for similar items in EconPapers)
Pages: 25 pages
Date: 1999
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Citations: View citations in EconPapers (8)

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