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KMID : 1001320140410030239
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Social Welfare Policy
2014 Volume.41 No. 3 p.239 ~ p.258
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A Study on The Poverty and The Effect of Income Transfer of Elderly-Headed Households in Korea: Focused on Poverty Rate, Poverty Gap and Income Transfer
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Jin Jae-Moon
Kim Soo-Young
Moon Kyung-Joo
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Abstract
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The purpose of this study was to reveal the absolute poverty rate, the relative poverty rate, and the poverty gap of elderly-headed households in Korea. And this study analysed the reduction-effects of the public income transfer and the private income transfer on the poverty rate and the poverty gap. Analysing was based on the 13th wave of the The Korean Labor & Income Panel Study(KLIPS) data. The results were as follows. First, the absolute poverty rate of elderly-headed households got to fivefold compared to non-elderly-headed households, and got to about fourfold in the relative poverty rate. The rate of middle class in elderly-headed households attained only 60% compared to the one of non-elderly-headed households. Second, on poverty rate and the poverty gap, the reduction-effect of the private income transfer was much stronger than the public income transfer. Absolute poverty rate has decreased about 13.5%, and the poverty gap has decreased by two-thirds through the private income transfer to elderly-headed households. We think that Korean society has to make more solidaristic and filial community and that Korean government has to reinforce social security system for the elderly. When those happen, income transfers can be worked more effectively.
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KEYWORD
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Poverty of the Elderly-headed Households, Poverty Rate, Poverty Gap, Public Income Transfer, Private Income Transfer
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