The Distribution of Income and Wealth in Korea

The Distribution of Income and Wealth in Korea

by Danny M. Leipziger, D. Dollar, A. F. Shorrocks, S. Y. Song
     
 

Korea ' s development performance is the envy of the developing world. Its success is largely due to the commonly shared goals of its people, supported by a relatively equal distribution of income over three decades of rapid growth. However, developments in the late 1980s, including increases in real estate and land prices and the expansion of the equities market,…  See more details below

Overview

Korea ' s development performance is the envy of the developing world. Its success is largely due to the commonly shared goals of its people, supported by a relatively equal distribution of income over three decades of rapid growth. However, developments in the late 1980s, including increases in real estate and land prices and the expansion of the equities market, have led to a greater concentration of wealth. The perception that income and wealth are becoming more highly concentrated in Korea has fueled public debate on tax policies, housing policies, and expenditure priorities. This book examines recent trends and estimates the effect of rapid appreciation of asset values, concluding that there is evidence of less equality in the income distribution than conventionally reported. The book contributes to an analytical framework for examining wealth issues and aims ultimately at a restoration of the traditional consensus in Korea toward broadly shared development gains.

Read More

Product Details

ISBN-13:
9780821321249
Publisher:
World Bank Publications
Publication date:
01/01/1993
Series:
EDI Development Studies
Pages:
148

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >