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Author : Joung Woo Lee
Publisher :
ISBN 13 :
Total Pages : 302 pages
Book Rating : 4.:/5 (318 download)
Download or read book Economic Development and Wage Inequality in South Korea written by Joung Woo Lee and published by . This book was released on 1983 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Chong-Bum An
Publisher : BRILL
ISBN 13 : 1684175291
Total Pages : 202 pages
Book Rating : 4.6/5 (841 download)
Download or read book Income Inequality in Korea written by Chong-Bum An and published by BRILL. This book was released on 2020-05-11 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In the early 1990s, South Korea was showcased as a country that had combined extraordinary economic growth with a narrowing of income distribution, achieving remarkably low rates of unemployment and poverty. In the years following the financial crisis of 1997–1998, however, these rates ballooned to pre-crisis levels, giving rise to the perception that the gap between the rich and the poor in Korea had once again widened. Income Inequality in Korea explores the relationship between economic growth and social developments in Korea over the last three decades. Analyzing the forces behind the equalizing trends in the 1980s and early 1990s, and the deterioration evident in the post-crisis years, Chong-Bum An and Barry Bosworth investigate the macroeconomic conditions, gains in educational attainment, demographic changes and conditions in labor markets, and social welfare policies that have contributed to the evolution of income inequality over time. The authors also raise fundamental questions about whether the pre-crisis pattern of combining strong economic growth with improving equality can be restored, as well as how government policies might be designed to promote that objective. The book concludes with a discussion of some proposals for improving the efficacy of redistributive policies in Korea."
Author : O. Yul Kwon
Publisher : Edward Elgar Publishing
ISBN 13 : 1784719609
Total Pages : 547 pages
Book Rating : 4.7/5 (847 download)
Download or read book Social Trust and Economic Development written by O. Yul Kwon and published by Edward Elgar Publishing. This book was released on 2019 with total page 547 pages. Available in PDF, EPUB and Kindle. Book excerpt: In just one generation, South Korea has transformed from a recipient of foreign aid to a member of the G20. In this informative book, South Korea is used as a case by which to explore and illustrate specific issues arising from the complex relationships between the nation’s economic development and society. p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial}
Author : Jang Young Lee
Publisher :
ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.:/5 (318 download)
Download or read book Economic Development and Earnings Inequality in South Korea written by Jang Young Lee and published by . This book was released on 1992 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Min-hua Chiang
Publisher : #N/A
ISBN 13 : 9813207256
Total Pages : 169 pages
Book Rating : 4.8/5 (132 download)
Download or read book Contemporary South Korean Economy: Challenges And Prospects written by Min-hua Chiang and published by #N/A. This book was released on 2017-06-28 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Korea's post-war economic success is a well-known story. However, its development in the past two decades is relatively less investigated. By reviewing key economic issues in South Korea's economy today, this book offers an input to the research of contemporary South Korea, in particular the country's economic development and its external economic relations.This book provides an analytical overview of key issues in contemporary South Korean economy. The timely and in-depth study presented in the book examines the main reasons behind South Korea's economic slowdown in recent years, the economic and social impact following chaebol's growing business expansion, free trade agreements with China and the United States, the development of income inequality, the ageing demography and the Korean government's policy response to overcome the current economic difficulties.
Author : Annika Mietzon
Publisher : GRIN Verlag
ISBN 13 : 3346793524
Total Pages : 43 pages
Book Rating : 4.3/5 (467 download)
Download or read book Social disparities in South Korea written by Annika Mietzon and published by GRIN Verlag. This book was released on 2023-01-13 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2016 in the subject Politics - Region: South Asia, grade: 1,2, Ruhr-University of Bochum, language: English, abstract: Over the last six decades, the Republic of Korea experienced rapid economic and social development. Korea was able to ascend from the destruction of the Korean War and grow to the 15th largest economy in 2009 in Gross domestic products (GDP) terms. Especially, the introduction of heavy and chemical industries (HCI) in the beginning of the 1970s influenced economic growth and social development strongly. While the living standards during the 1950s were similar to the standards in the poorest countries today, today Korea is one of the leading industries worldwide. However, the mid-1990s were a turning point for inequality trends in Korea, caused by certain events like the Asian Financial Crisis (AFC) and the change of political power in 1997. This thesis analyzes and discusses the changes in inequality trends since the beginning of the 1990s until now. The focus lies on income inequality trends, the sources, and whether and to which extent it affects education inequality. First, the theoretical framework is defined and explained. This thesis concentrates on interpreting income inequality by using mainly the GINI coefficient and income deciles. The methodology of income measures are elaborately described. The following chapter focuses on the Great Gatsby curve and social mobility. For this thesis, vertical intergenerational mobility is a matter of special importance, therefore, the paper unfolds the relationship between education and intergenerational mobility. The third chapter, covers the main part of this thesis and starts with a general overview over the development in social structures since the 1980s. This section deals with the GDP growth rate trends, Korea’s decreasing fertility rates as well as labor market polarization and briefly identifies the reasons. Further consequences arising from e.g. a polarization of the labor market are addressed in the following chapter. It analyzes income inequality in general as well as in detail by focusing on GINI coefficients, decile ratios, and the trend of share of households. Furthermore, it explains the sources behind an increasing income inequality, especially, regarding wage trends. The last section describes education trends during the last couple of years by analyzing expenditure and participation rates for private tutoring. It also briefly analyzes the contribution of education to intergenerational mobility and tries to answer whether income inequality leads to disadvantages among students.
Author : Min-Hua Chiang
Publisher :
ISBN 13 : 9789813207240
Total Pages : 169 pages
Book Rating : 4.2/5 (72 download)
Download or read book Contemporary South Korean Economy written by Min-Hua Chiang and published by . This book was released on 2017 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gyu-Won Kim
Publisher :
ISBN 13 :
Total Pages : 166 pages
Book Rating : 4.:/5 (89 download)
Download or read book An Examination of the Relationship Between Economic Growth and Income Distribution in South Korea written by Gyu-Won Kim and published by . This book was released on 1984 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David L. Lindauer
Publisher : Harvard Kennedy School
ISBN 13 :
Total Pages : 216 pages
Book Rating : 4.F/5 ( download)
Download or read book The Strains of Economic Growth written by David L. Lindauer and published by Harvard Kennedy School. This book was released on 1997 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study of labor unrest and social dissatisfaction in Korea is a collaborative venture between the Korea Development Institute and the Harvard Institute for International Development. It was designed to update the previous joint study of Korea's modernization. This volume provides an analytic history of how the strains of Korea's economic growth contributed to the labor unrest and popular discontent of the late 1980s. Set against rapid increases in wages and employment, worker dissatisfaction is traced to patterns of income inequality and to nonpecuniary dimensions of working life, including the suppression of labor organizations. The analysis is essential to understanding the labor struggles that continue in Korea today and is highly relevant for other emerging economies that wish to benefit from both the successes and failures of Korea's experience.
Author : Bertrand Renaud
Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.:/5 (321 download)
Download or read book Economic Growth and Income Inequality in Korea written by Bertrand Renaud and published by . This book was released on 1976 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Seung-hun Chun
Publisher : Routledge
ISBN 13 : 1351215728
Total Pages : 460 pages
Book Rating : 4.3/5 (512 download)
Download or read book The Economic Development of South Korea written by Seung-hun Chun and published by Routledge. This book was released on 2018-01-29 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: How did a country with a dearth of natural resources, a sprawling population congested in a limited arable land transform itself to a modern industrial state within a generation? How could these have been achieved given the lingering geopolitical threats to its very survival as a state, as evidenced by the Korean War and the internecine aggressive posturing of its neighbor from the north? This book looks at strategies, institutional arrangement, role of entrepreneurs and workers in this odyssey, and on how those factors have worked together through effective leadership to transform South Korea’s economic fortunes.
Author : Brian Keeley
Publisher : Org. for Economic Cooperation & Development
ISBN 13 : 9789264246003
Total Pages : 120 pages
Book Rating : 4.2/5 (46 download)
Download or read book Income Inequality written by Brian Keeley and published by Org. for Economic Cooperation & Development. This book was released on 2015-12-21 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Income inequality is rising. A quarter of a century ago, the average disposable income of the richest 10% in OECD countries was around seven times higher than that of the poorest 10%; today, it's around 9½ times higher. Why does this matter? Many fear this widening gap is hurting individuals, societies and even economies. This book explores income inequality across five main headings. It starts by explaining some key terms in the inequality debate. It then examines recent trends and explains why income inequality varies between countries. Next it looks at why income gaps are growing and, in particular, at the rise of the 1%. It then looks at the consequences, including research that suggests widening inequality could hurt economic growth. Finally, it examines policies for addressing inequality and making economies more inclusive.
Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264300821
Total Pages : 160 pages
Book Rating : 4.2/5 (643 download)
Download or read book OECD Economic Surveys: Korea 2018 written by OECD and published by OECD Publishing. This book was released on 2018-06-20 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth picked up in 2017, but reforms are needed to sustain Korea's convergence toward the income levels in the most advanced countries. Its labour productivity is 46% below the top half of OECD countries, reflecting problems in the service sector. In addition, productivity in small ...
Author : Ms.Era Dabla-Norris
Publisher : International Monetary Fund
ISBN 13 : 1513547437
Total Pages : 39 pages
Book Rating : 4.5/5 (135 download)
Download or read book Causes and Consequences of Income Inequality written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 2015-06-15 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.
Author : Juan Gabriel Rodríguez
Publisher : Emerald Group Publishing
ISBN 13 : 1780520344
Total Pages : 259 pages
Book Rating : 4.7/5 (85 download)
Download or read book Inequality of Opportunity written by Juan Gabriel Rodríguez and published by Emerald Group Publishing. This book was released on 2011-10-12 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eight papers, both theoretical and applied, on the concept of equality of opportunity which says that a society should guarantee its members equal access to advantage regardless of their circumstances, while holding them responsible for turning that access into actual advantage by the application of effort.
Author : Chul Kyoo Joseph Jung
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (141 download)
Download or read book Three Essays on Industrial Policy, Income Inequality and Economic Development - A Case Study of South Korea written by Chul Kyoo Joseph Jung and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis examines the relationship between the state's intervention of a different nature - industrial policy and pro-competitive reforms - and income inequality dynamics, using the Korea's heavy and chemical industry promotion during the 1970s and the pro-competitive reforms (1998-2000) as a case study. Chapter 2 focuses on the HCI promotion period (1973-1979) and investigates the impact of the state's selective industrial policy on sectoral economy, income distribution, and sectoral capacity utilization. The study finds that while industrial policy has a positive effect on capacity utilization in both targeted and non-targeted sectors, increased market power of firms in targeted industries significantly reduces the effectiveness of the state's intervention. The study also shows that the industrial policy regime is vulnerable to external shocks, such as an oil price shock. These negative effects can lead the economy to stagnation and thus excess capacity problems due to the reduced effective demand and over-investment in targeted sectors. Chapter 3 examines the association between heavy and chemical industry (HCI) promotion drive (1973-1979) and arguably the first income inequality hike in the history of Korea's economic development. Using an agent-based model (ABM) in which aggregate events emerge from the rich interactions of heterogeneous agents in the markets, this chapter shows how industrial policy that favours particular firms or industry sectors generates income inequality as well as a highly skewed income distribution among different income groups. The study highlights income inequality dynamics with special reference to the effect of preferential interest rates and discriminated access to credit markets among firms. The simulation shows the preferential interest rates for large firms in terms of asset size give a major impetus to the dramatic income inequality spike, compared to that of baseline regime (in the absence of preferential rate). Chapter 4 focuses on the impact of pro-competitive reforms on the market power and labour share of firms' value added during financial crises, using Korean firm-level data from 1990 to 2010 and difference-in-differences(DiD) estimation strategy. One of major findings is that surprisingly, the market power of top 30 chaebols was strengthened by pro-competitive reforms given that the reforms aimed to reduce excessive market power of high-ranking chaebols, and there was a significant decline in overall labour share of value added and an increase in the profit share of these large enterprises. The study argues that these outcomes are due to the pro-competitive reforms being primarily business-friendly and focused on chaebol restructuring, with relatively less attention devoted to labour-friendly policies. The study highlights the need for policymakers to consider the potential trade-offs between pro-competitive reforms and their impact on labour market outcomes.
Author : Edward S. Mason
Publisher : BRILL
ISBN 13 : 168417225X
Total Pages : 590 pages
Book Rating : 4.6/5 (841 download)
Download or read book The Economic and Social Modernization of the Republic of Korea written by Edward S. Mason and published by BRILL. This book was released on 2020-03-17 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the economic and social development of Korea, primarily in the twentieth century. Includes extensive statistical data. Examines the impact of Japanese colonialism and subsequent macroeconomic development, industrialization, rural development, fiscal and financial development, income distribution, the development of foreign trade, the role of education, foreign assistance, and urbanization. Includes 134 tables and 10 figures summarizing historical statistical data.
