Author: Chong-Bum An
Publisher: BRILL
ISBN: 1684175291
Category : History
Languages : en
Pages : 202
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Book Description
"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: Annika Mietzon
Publisher: GRIN Verlag
ISBN: 3346793524
Category : Political Science
Languages : en
Pages : 43
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Book Description
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: Brian Keeley
Publisher: Org. for Economic Cooperation & Development
ISBN: 9789264246003
Category :
Languages : en
Pages : 120
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Book Description
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: Juan Gabriel Rodríguez
Publisher: Emerald Group Publishing
ISBN: 1780520344
Category : Business & Economics
Languages : en
Pages : 259
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Book Description
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: Hyun-seob Cho
Publisher: Springer
ISBN: 3642352510
Category : Computers
Languages : en
Pages : 416
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Book Description
This book comprises the refereed proceedings of the two International Conference on Green and Smart Technology, GST 2012, and on Sensor and Its Applications, SIA 2012, held in Jeju Island, Korea, in November/December 2012. The papers presented were carefully reviewed and selected from numerous submissions and focus on the various aspects of green and smart technology with sensor applications.
Author: Gyu-Won Kim
Publisher:
ISBN:
Category : Income distribution
Languages : en
Pages : 166
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Book Description
Author: Kwang-su Chŏng
Publisher:
ISBN: 9788981912390
Category : Income distribution
Languages : en
Pages : 91
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Book Description
Author: OECD
Publisher: OECD Publishing
ISBN: 926449619X
Category :
Languages : en
Pages : 128
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Book Description
Economic activity has contracted less in Korea than in other OECD countries, thanks to the prompt and effective reaction of the authorities to contain the spread of the COVID-19 virus and to the wide-ranging government support to households and businesses. Nevertheless, the pandemic generates strong headwinds.
Author: Kyŏng-jun Yu
Publisher:
ISBN:
Category : Income distribution
Languages : en
Pages : 210
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Book Description
Author: R. Layard
Publisher: Springer
ISBN: 0230375286
Category : Business & Economics
Languages : en
Pages : 530
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Book Description
Richard Layard is one of Britain's foremost applied economists, whose work has had a profound impact on the policy debate in Britain and abroad. This book contains his most influential articles on education, equality and income distribution and on the lessons of economic transition in Eastern Europe. It is published along with a companion volume. Inequality argues that lifetime inequality is the basic inequality we should worry about. In this context education is a powerful instrument of redistribution, as well as a national investment. Cash redistribution has efficiency costs which can be calculated, but it may also serve to discourage inefficient over-work arising from each person's efforts to earn more than his neighbour. A final series of essays is based on Layard's recent work on reform strategies in Russia and Poland. The book opens with Richard Layard's personal credo 'Why I became an economist'.
