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KMID : 0379220090290041445
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Journal of Korea Gerontological Society
2009 Volume.29 No. 4 p.1445 ~ p.1461
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Income Inequality of the Aged: Trends and Factor Decomposition
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Shon Byong-Don
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Abstract
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The primary purpose of this study is to find policy implications by examining the trends in income inequality of the Korean aged and factors contributing to these. For analysis, this study used the 2nd, 5th, 7th and 9th wave of ’Korean Labour and Income Panel Study’. The findings are as follows. First, total income inequality of the elderly rose greatly after 1998 and is decreasing after2001. Secondly, the Gini coefficient decomposition by income sources shows that earned income was the factor most responsible for the income inequality of the elderly. But its influences of the elderly income inequality is gradually decreasing during analysing periods. Third, assets income and public pensions have a great effects on the elderly income inequality. They increases the income inequality of the elderly households. Forth, interfamily transfer income and public assistance income reduces income inequality of the elderly.
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KEYWORD
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income inequality, elderly households, decomposition of gini coefficient
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