Earticle

초록

영어

This paper reviews the trends and identifies the determinants of income inequality in Korea from 1980 to 2012. Both Kuznets’ hypothesis of inverted U-shaped relationship between income inequality and economic growth and Barro’s hypothesis of U-shaped relationship are not empirically supported. Macroeconomic index such as the government spending as a share of GNI was found to be statistically insignificant in affecting income inequality. The statistically significant negative estimate of the investment share in GDP shows that an increase in investment would decrease the income inequality. The statistically significant positive estimate of the variable for the share of the elderly in working population confirms the argument that the rise of aging population, which has been accelerating in Korea during the last two decades, is one of the important factors in widening the gap of income inequality.

목차

Abstract
 1. Introduction
 2. Income inequality in Korea
 3. Trends in income inequality in Korea
 4. The analytical model
 5. Data and Empirical Results
 6. Conclusions and policy implications
 References

키워드

저자

• Hae-Young Lee [ Division of Business Administration, Kangnam University, Yongin, Korea ]
• Jongsung Kim [ Department of Economics, Bryant University ]
• Beom Cheol Cin [ Department of Economics, Kyonggi University, Seoul, Korea ] Corresponding author

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  International Journal of Advanced Science and Technology

• 간기

  월간

• pISSN

  2005-4238

• 수록기간

  2008~2016

• 십진분류

  KDC 505 DDC 605