This study examines current state of and historical trends in Korea`s income inequality by analysing standard measures of the income inequality. Some causes which can explain its vicissitudes are also discussed. After referring to some of recent opini...
This study examines current state of and historical trends in Korea`s income inequality by analysing standard measures of the income inequality. Some causes which can explain its vicissitudes are also discussed. After referring to some of recent opinion polls which allude to severly negative perception the general public has about income inequality in Korea, this study reviews theoretical and empirical literature on inequality. It also evaluates how much effective the competing alternatives, which are economic growth or social expenditure, have been for reducing poverty or income inequality in Korea. With some concluding remarks, the author suggests desirable policy goals in order to alleviate income inequality.