Education and Intragenerational Income Mobility in Korea vis-a-vis the United States
0
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
This study extends Hong and Yun’s (2012) analysis to provide updated estimates of intragenerational income mobility in Korea and the United States, using the Korea Labor and Income Panel Study and the Panel Study of Income Dynamics databases, respectively. Although most previous studies agree that income distribution has deteriorated in recent years in Korea and the United States, there is little consensus on the trend of income mobility. In this study, we utilize household panel data sets to provide empirical estimates of intragenerational income mobility for the two countries. Our estimation results are as follows. First, in both countries, the income distribution across the entire sample deteriorated during the study period. However, while we find no distinct trend in income inequality among Korean households within each age group, we observe an increasing trend among US households within each age group. Second, the income gapamong individuals owing to educational attainment has narrowed in Korea but has widened or remained stable in the United States. These results suggest that the nature of income inequality in these two countries may be inherently different. Third, despite such differences between them, overall income mobility appears to have been roughly stable in both countries.
Abstract
This study extends Hong and Yun’s (2012) analysis to provide updated estimates of intragenerational income mobility in Korea and the United States, using the Korea Labor and Income Panel Study and the Panel Study of Income Dynamics databases, respectively. Although most previous studies agree that income distribution has deteriorated in recent years in Korea and the United States, there is little consensus on the trend of income mobility. In this study, we utilize household panel data sets to provide empirical estimates of intragenerational income mobility for the two countries. Our estimation results are as follows. First, in both countries, the income distribution across the entire sample deteriorated during the study period. However, while we find no distinct trend in income inequality among Korean households within each age group, we observe an increasing trend among US households within each age group. Second, the income gapamong individuals owing to educational attainment has narrowed in Korea but has widened or remained stable in the United States. These results suggest that the nature of income inequality in these two countries may be inherently different. Third, despite such differences between them, overall income mobility appears to have been roughly stable in both countries.
참고문헌 (31)
- An, C., "The Social Developments in Korea: Can Growth With Equity Be Restored?", Harvard-KDI Conference (2009)
- 안종범, "교육 및 소득수준의 세대간 이전", 재정학연구, 1(1), pp.119~142 (2008), 한국재정학회
- Becker, G. S., "An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility", Journal of Political Economy, 87(6), pp.1153~1189 (1979)
- Becker, G. S., "Human Capital and the Rise and Fall of Families", Journal of Labor Economics, 4(3), pp.1~39 (1986)
- Blundell, R., "Consumption Inequality and Income Uncertainty", Quarterly Journal of Economics, 113(2), pp.603~640 (1998)
- Bradbury, K., "Long-Term Inequality and Mobility", Boston Federal Reserve, 12(1) (2012)
- Burkhauser, R. V., "The Oxford Handbook of Economic Inequality", pp.522~548 (2009), Oxford University Press
- 최지은, "우리나라의 세대 간 소득 이동성 분석 -아버지와 아들을 중심으로-", 사회보장연구, 27(3), pp.143~163 (2011), 한국사회보장학회
- Intergenerational Transmission of Disadvantage: Mobility or Immobility Across Generations?, "D’Addio, A. C.", OECD Social, ~, pp.Employment and Migration Working Papers 52 (2007)
- Deaton, A., "Intertemporal Choice and Inequality", Journal of Political Economy, (3), pp.437~467 (1994)
- Duncan, G. J., "Whither Opportunity?: Rising Inequality, Schools, and Children’s Life Chances" (2011), Russell Sage Foundation
- Fields, G. S., "The Meaning and Measurement of Income Mobility", Journal of Economic Theory, 71(2), pp.349~377 (1996)
- Fields, G. S, "Inequality, Poverty, and Well-Being, Palgrave" (2006), Macmillan
- Gottschalk, P, "Inequality, Income Growth, and Mobility : The Basic Facts", Journal of Economic Perspectives, 11(2), pp.21~40 (1997)
- Trends in the Transitory Variance of Male Earnings in the U.S., 1970-2004, "Gottschalk, P.", Boston College, ~, pp.Working Paper #697 (2008)
- Gottschalk, P., "On the Evaluation of Economic Mobility", Review of Economic Studies, 69(1), pp.191~208 (2002)
- Grawe, N. D., "Economic Interpretations of Intergenerational Correlations", Journal of Economic Perspectives, 16(3), pp.45~58 (2002)
- Haider, S., "Life-Cycle Variation in the Association between Current and Lifetime Earnings", American Economic Review, 96(4), pp.1308~1320 (2006)
- 윤정열, "우리나라의 세대 내 소득이동성에 관한 실증분석", 노동경제논집, 35(2), pp.43~77 (2012), 한국노동경제학회
- 김대일, "불평등도 지표로서의 소득과 소비의 비교", 노동경제논집, 30(3), pp.77~102 (2007), 한국노동경제학회
- Political Suggestions for Protecting the Disadvantaged, "Kim, D.", KDI Research, ~, pp.Paper 2003-05 (2003)
- An Analysis of Intergenerational Economic Mobility in Korea, "Kim, H.", KDI Research, ~, pp.Paper 2009-03 (2009)
- Uncovering the American Dream:Inequality and Mobility in Social Security Earnings Data since 1937, "Kopczuk, W.", NBER, ~, pp.Working Paper 13345 (2007)
- Meghir, C., "Income Variance Dynamics and Heterogeneity", Econometrica, 72(1), pp.1~32 (2004)
- OECD, "A Family Affair: Intergenerational Social Mobility across OECD Countries, Economic Policy Reforms: Going for Growth", ~ (2010)
- Piketty, T., "Income Inequality in the United States, 1913-1998", Quarterly Journal of Economics, 118(1), pp.1~41 (2003)
- Sabelhaus, J., "Earnings Volatility across Groups and Time", National Tax Journal, 62(2), pp.347~364 (2009)
- 신동균, "외환위기 이후 소득분배 양극화의 추이, 원인, 및 정책적 시사점", 경제학연구, 55(4), pp.503~548 (2007), 한국경제학회
- Solon, G., "Intergenerational Income Mobility in the United States", The American Economic Review, 82(3), pp.393~408 (1992)
- Solon, G., "Cross-Country Differences in Intergenerational Earnings Mobility", Journal of Economic Perspectives, 16(3), pp.59~66 (2002)
- Solon, G., "Generational Income Mobility in North America and Europe", pp.38~47 (2004), Cambridge University Press