Rising earnings inequality and the role of education revisited
0
조회
0
다운로드
2
인용
0
참고문헌
키워드
초록
Numerous studies have found a strong positive association between the level of education and economic returns (i.e., earnings). This relationship, however, has received less examination in the context of institutional or temporal variability. Drawing on the experience of South Korea in the decade after the 1997 Asian financial crisis, this study examines the role of education in rising earnings inequality under a radically changing institutional environment. Based on data from the Korean Labor Income Panel Study and Theil index decomposition, this study finds that despite the robust association between education and earnings inequality in post-crisis South Korea, a substantial amount of the rise in overall inequality is primarily attributable to rapid increase in within-educationgroup inequality rather than between-group inequality. This demands renewed attention to the role of education in earnings inequality to fully account for the changing dynamics of inequality in the twenty first century.
Abstract
Numerous studies have found a strong positive association between the level of education and economic returns (i.e., earnings). This relationship, however, has received less examination in the context of institutional or temporal variability. Drawing on the experience of South Korea in the decade after the 1997 Asian financial crisis, this study examines the role of education in rising earnings inequality under a radically changing institutional environment. Based on data from the Korean Labor Income Panel Study and Theil index decomposition, this study finds that despite the robust association between education and earnings inequality in post-crisis South Korea, a substantial amount of the rise in overall inequality is primarily attributable to rapid increase in within-educationgroup inequality rather than between-group inequality. This demands renewed attention to the role of education in earnings inequality to fully account for the changing dynamics of inequality in the twenty first century.
참고문헌 (52)
- Allison, P. D, "Measures of inequality", American Sociological Review, 43(6), pp.865~880 (1978)
- Amsden, A. H, "Asia’s next giant : South Korea and late industrialization" (1989), Oxford University Press
- Angrist, J. D, "Does compulsory school attendance affect schooling and earnings?", The Quarterly Journal of Economics, 106(4), pp.979~1014 (1991)
- "Economics statistics system" (2013)[URL]
- Becker, G. S, "Human capital : A theoretical and empirical analysis with special reference to education" (1993), The University of Chicago Press
- Blau, F. D, "At home and abroad : U. S. labor-market performance in international perspective" (2002), Russell Sage Foundation
- Blundell, R, "The returns to higher education in Britain : Evidence from a British cohort", The Economic Journal, 110, pp.82~99 (2000)
- Card, D, "The causal effect of education on earnings, In Handbook of labor economics" (1999), Elsevier
- Card, D, "The effect of unions on wage inequality in the U.S. labor market", Industrial and Labor Relations Review, 54, pp.296~315 (2001)
- Card, D, "Skill-biased technical change and rising wage inequality : Some problems and puzzles", Journal of Labor Economics, 20(4), pp.733~783 (2002)
- Card, D, "Unions and wage inequality", Journal of Labor Research, 25(4), pp.519~562 (2004)
- Cumings, B, "The origins and development of the northeast Asian political economy : Industrial sectors, product cycles, and political consequences", International Organization, 38(1), pp.1~40 (1979)
- Cutler, D. M, "Education and health: Evaluating theories and evidence, In Making Americans healthier: Social and economic policy as health policy" (2008), Russell Sage Foundation
- DiNardo, J, "Labor market institutions and the distribution of wages, 1973–1992: A semiparametric approach", Econometrica, 64(5), pp.1001~1044 (1996)
- DiPrete, T. A, "What has sociology to contribute to the study of inequality trends? A historical and comparative perspective", The American Behavioral Scientist, 50(5), pp.603~618 (2007)
- Evans, P. B, "Embedded autonomy : States and industrial transformation" (1995), Princeton University Press
- Firebaugh, G, "Empirics of world income inequality", The American Journal of Sociology, 104(6), pp.1597~1630 (1999)
- Firebaugh, G, "The new geography of global income inequality" (2003), Harvard University Press
- Gills, B. K, "The crisis of East Asian capitalism : American power, democracy, and the vicissitudes of globalization", Review of International Studies, 26, pp.381~403 (2000)
- Goesling, B, "Changing income inequalities within and between nations : New evidence", American Sociological Review, 66(5), pp.745~761 (2001)
- Goodman, R, "The East Asian welfare model : Welfare orientalism and the state" (1998), Routledge
- Gray, K, "Korean workers and neoliberal globalization" (2007), Routledge
- Herd, P, "Socioeconomic position and health : The differential effects of education versus income on the onset versus progression of health problems", Journal of Health and Social Behavior, 48(3), pp.223~238 (2007)
- IMF, "Republic of Korea : Selected issues", IMF, ~ (2004)
- Katz, L. F, "Changes in the wage structure and earnings inequality, In Handbook of labor economics" (1999), North-Holland
- Kenworthy, L, "Egalitarian capitalism: Jobs, incomes, and growth in affluent countries" (2004), Russell Sage Foundation
- Kenworthy, L, "Inequality and sociology", The American Behavioral Scientist, 50(5), pp.584~602 (2007)
- Koo, H, "Korean workers : The culture and politics of class formation" (2001), Cornell University Press
- Korea Labor Institute, "Korean labor and income panel study user’s guide", Korea Labor Institute, ~ (2009)
- Kuznets, S, "Economic growth and income inequality", The American Economic Review, 45(1), pp.1~28 (1955)
- Lee, D. S, "Wage inequality in the United States during the 1980s: Rising dispersion or falling minimum wage?", The Quarterly Journal of Economics, 114(3), pp.977~1023 (1999)
- Inequality and institutions in 20th century America, "Levy, F", MIT Industrial Performance Center, ~, pp.Working paper 07-002 (2007)
- Lim, H. -C, "Neo-liberalism in post-crisis South Korea: Social conditions and outcomes", Journal of Contemporary Asia, 36(4), pp.442~463 (2006)
- Morris, M, "Inequality in earnings at the close of the twentieth century", Annual Review of Sociology, 25, pp.623~657 (1999)
- OECD, "Economic survey of Korea", OECD, ~ (2000)
- Piketty, T, "Income inequality in the United States, 1913–1988", The Quarterly Journal of Economics, 118(1), pp.1~39 (2003)
- Pirie, I, "The Korean developmental state : From dirigisme to neo-liberalism" (2008), Routledge
- Pontusson, J, "Comparative political economy of wage distribution : The role of partisanship and labor market institutions", British Journal of Political Science, 32, pp.281~308 (2002)
- Reardon, S. F, "Measures of multigroup segregation", Sociological Methodology, 32, pp.33~67 (2002)
- Shin, K. -Y, "Globalization and social inequality in South Korea, In New millennium South Korea: Neoliberal capitalism and transnational movements", pp.11~28 (2011), Routledge
- Shin, J. -S, "Restructuring Korea Inc" (2003), RoutledgeCurzon
- "Korean statistical information service" (2013)[URL]
- Theil, H, "Economics and information theory" (1967), Rand McNally
- Tsai, S. -L, "Changes in earnings returns to higher education in Taiwan since the 1990s", Population Review, 47(1), pp.1~20 (2008)
- Wade, R, "The Asian crisis and the global economy : Causes, consequences and cure", Current History, 97(622), pp.361~373 (1998)
- Western, B, "Unions, norms, and the rise in U. S. wage inequality", American Sociological Review, 76(4), pp.513~537 (2011)
- Woo, J. -E, "Race to the swift : State and finance in Korean industrialization" (1991), Columbia University Press
- Woo, M. J. -E, "After the miracle: Neoliberalism and institutional reform in East Asia, In Neoliberalism and institutional reform in East Asia", pp.1~31 (2007), Palgrave Macmillan
- Woo, M. J. -E, "Neoliberalism and institutional reform in East Asia" (2007), Palgrave Macmillan
- Woo-Cumings, M, "The developmental state" (1999), Cornell University Press
- World Bank, "The East Asian miracle : Economic growth and public policy" (1993), Oxford University Press
- Xie, Y, "Regional variation in earnings inequality in reform-era urban China", The American Journal of Sociology, 101(4), pp.950~992 (1996)