scholarly journals MEASURING INCOME INEQUALITY BETWEEN PRIME-AGED WORKERS AND THE GROWING AGEING POPULATION IN SOUTH KOREA

2020 ◽  
Vol 8 (12) ◽  
pp. 543-554
Author(s):  
Min Gyeom Chu ◽  
Keyword(s):  
Income Inequality ◽  
South Korea ◽  
Gini Coefficient ◽  
Age Groups ◽  
Ageing Population ◽  
Income Disparity ◽  
Income Gap ◽  
The Gini Coefficient ◽  
The Future ◽  
Working Age

The growing ageing population in South Korea has further widened income disparity among different working age groups. Experts believe this disparity may even increase in the future and thus a mode of prediction with regard income and inequality may have to be clearly established. This paper intends to measure the current income inequality between prime working age Koreans (working population ages 30 - 59) and the ageing population (ages 60 and above), and to predict the income inequality of these two groups in the future. This paper will also predict income disparity between the two groups in Korea with the introduction of moderate or considerable government intervention. To assess the income inequality between the working and ageing population, this paper acquired data, such as wages and population of different age groups, from multiple credible sources such as the United Nations, Korean Statistics Information Service, OECD, and from other sources. The data ranged from 2006 up until 2018. These data were then converted to gini coefficient with the use of a scoring system. The gini coefficient values from the year 2006 to 2018, obtained from the previous method, were used to measure the trend in income inequality between the working and ageing population and were also used to predict the income inequality in the future. Looking at the gini coefficient values from 2006 to 2018, the values were approaching 0, which suggest that the disparity in income was actually diminishing. And reflecting back to this trend, it suggests that the gini coefficient values in the future would also diminish over time thus, supporting the claim that the income disparity between the working and ageing population would reduce. Moreover, with the implementation of applicable government policies, the gini coefficient values are expected to approach 0 at a much faster rate, which also suggests that government interventions would reduce the income gap between working and ageing population. Despite the beliefs of the expert that income disparity may increase in the future, the result proves that income gap between working and ageing population would diminish in the future, and may diminish more rapidly with potential government intervention.

scholarly journals Financialization and Income Inequality in Selected European Countries, 2004–2013

e-Finanse ◽  
2017 ◽  
Vol 12 (4) ◽  
pp. 20-32
Author(s):  
Grzegorz Golebiowski ◽  
Piotr Szczepankowski ◽  
Dorota Wisniewska
Keyword(s):  
Income Inequality ◽  
Eastern Europe ◽  
Gini Coefficient ◽  
Central And Eastern Europe ◽  
Value Added ◽  
European Countries ◽  
Total Employment ◽  
The Gini Coefficient ◽  
Synthetic Indicator ◽  
The Impact

Abstract The article examines the impact of financialization on income inequality between 2004 and 2013, through a panel analysis of seven European countries. Moreover, it attempts to examine differences in the perception of the phenomenon between the selected European countries belonging to the G-7 and countries from Central and Eastern Europe. The results demonstrate the existence of individual effects, which means that the level of inequality under examination is influenced predominantly by country-specific factors. The most significant correlation is noticeable between the level of unemployment and the degree of income inequality. An increase in unemployment is accompanied by a rise in the disproportions in the level of income that individual citizens have at their disposal whereas a decrease in the unemployment level contributes to an improvement of the GINI coefficient. Simultaneously, the results confirm the existence of significant correlations between the level of the GINI coefficient and such financialization indicators as the share of employment in finance in total employment and the contribution of the financial sector to total value added creation. The most prominent dependency was discovered when a constructed synthetic indicator was adopted as an indicator of financialization. At the same time, analysis of the synthetic country financialization indicator points to a conclusion that the level of financialization is higher in European countries belonging to the G-7 (especially Great Britain) than in countries from Central and Eastern Europe.

The Problem of Income Inequality

2019 ◽  
pp. 42-44
Author(s):  
Andrew Smithers
Keyword(s):  
Income Inequality ◽  
Gini Coefficient ◽  
Living Standards ◽  
Living Standard ◽  
The Gini Coefficient ◽  
The Us ◽  
The Uk ◽  
Distribution Of Income

Living standards change in line with GDP per head only if the distribution of incomes is unchanged. If incomes become less equally distributed the living standards of most people will fall even if GDP per head is stable. The Gini Coefficient is the most widely used indicator designed to measure the distribution of income. UK inequality, on this measure, has risen since 1977, stabilized since 1987, and fallen in recent years. In the US there has been a long-term increase in income inequality. Unless this US trend for increased income inequality halts, it is quite likely that even if GDP per head rises in the US, the living standard of the average voter will fall. The recent data suggest that changes in income inequality pose less of a threat to living standards in the UK then they do to those in the US.

scholarly journals The Association Between Health Conditions, Consciousness, Involvement, and Knowledge and Dietary Supplement Intake among University Students in South Korea

2019 ◽  
Vol 16 (20) ◽  
pp. 4028 ◽  
Author(s):  
Jinkyung Choi
Keyword(s):  
University Students ◽  
South Korea ◽  
Behavioral Intentions ◽  
Age Groups ◽  
The Elderly ◽  
Health Conditions ◽  
Intention To Purchase ◽  
Younger Age ◽  
The Future ◽  
Supplement Intake

Dietary supplements (DSs) are typically used by the elderly in a population, but younger age groups are increasingly purchasing these products. In consideration of this issue, the present study investigated the DS-related behaviors and general lifestyles of university students in South Korea. The health conditions, consciousness, involvement, and knowledge, as well as the future behavioral intentions, of DS users and non-users were determined and compared. A survey was administered to the respondents, and measurements were adapted and rephrased to suit the Korean context. Results showed that although the behaviors of DS users and non-users were characterized by similar patterns, significant differences in health involvement and future purchase were found between these groups. Health involvement influenced DSs buying intentions in the future, but no significant differences in the other variables were found. The findings suggested that university students take DSs regardless of their expectations about their efficacy and that their knowledge does not affect their intention to purchase such products.

scholarly journals Working for Less: Income Inequality and the Diminishing Share of Labor in China’s National Wealth

2017 ◽  
Vol 13 (6) ◽  
pp. 81
Author(s):  
Songtao Wang ◽  
Tristan Kenderdine ◽  
Zhen Qi
Keyword(s):  
Income Inequality ◽  
Gini Coefficient ◽  
Labor Income ◽  
Income Share ◽  
Income Gap ◽  
National Wealth ◽  
Labor's Share

This paper demystifies variation in labor’s share of national labor income in China from the perspective of the income gap. We extend the gross national labor income function by introducing a Gini coefficient to support our argument that the share of gross national labor income decreases with an increasing Gini coefficient. The hypotheses are tested using provincial data from 1996 to 2010: (1) the Gini coefficient’s ‘inverted U’ shape partially contributes to the U-shaped evolution of the labor income-share; (2) China’s 15 per cent decline in the labor income share can be explained by the widening income gap during that time. 

THE GINI COEFFICIENT'S APPLICATION TO GENERAL COMPLEX NETWORKS

2005 ◽  
Vol 08 (01) ◽  
pp. 159-167 ◽  
Author(s):  
HAI-BO HU ◽  
LIN WANG
Keyword(s):  
Income Inequality ◽  
Complex Networks ◽  
Network Structure ◽  
Gini Coefficient ◽  
Scale Free ◽  
The Gini Coefficient ◽  
Scale Free Networks ◽  
General Complex

The Gini coefficient, which was originally used in microeconomics to describe income inequality, is introduced into the research of general complex networks as a metric on the heterogeneity of network structure. Some parameters such as degree exponent and degree-rank exponent were already defined in the case of scale-free networks also as a metric on the heterogeneity. In scale-free networks, the Gini coefficient is proved to be equivalent to the parameters mentioned above, and moreover, a classification of infinite scale-free networks is given according to the value of the Gini coefficient.

scholarly journals Corrigendum to: Who uses residential aged care now, how has it changed and what does it mean for the future?

2020 ◽  
Vol 44 (6) ◽  
pp. 983
Author(s):  
Diane Gibson
Keyword(s):  
Residential Care ◽  
Average Length ◽  
Age Groups ◽  
Aged Care ◽  
Residential Aged Care ◽  
Ageing Population ◽  
The Past ◽  
The Future ◽  
Australian Bureau Of Statistics ◽  
Care System

ObjectiveThis paper presents past trends in resident characteristics and usage patterns in residential aged care and explores implications for the future.MethodsTime series analyses were undertaken of national aged care administrative datasets and the Australian Bureau of Statistics Surveys of Disability, Ageing and Carers.ResultsAlthough the number of people in residential care has continued to increase, resident profiles have changed as a result of higher growth rates in the number of men and of people aged 65–74 years and 90 years and over, and a decline in the number of women aged 75–89 years. Relative to population size, usage rates are declining across all age groups, the average length of stay is shortening, and dependency levels appear to be rising.ConclusionChanging trends in residential aged care use, when combined with key trends in the broader population of older Australians, offer useful insights in planning for the future.What is known about the topic?Trends in the changing characteristics of permanent aged care residents and patterns of use of Australian residential aged care have received sparse attention in scholarly journals. Government reports and databases contain useful statistics, but they do not provide a coherent analysis and interpretation of the implications of these trends or situate them in broader population patterns.What does this paper add?The analyses in this paper demonstrate patterns of change and continuity in the use of residential care over the past decade, and locate those changes in the context of broader trends in the ageing population. Together, this provides useful insights into current and likely future trends, as well as a basis for imagining an improved residential aged care system in the future.What are the implications for practitioners?These analyses illustrate how data on aged care services, demographic trends and disease patterns can be used to consider the challenges that have affected our residential aged care system in the past and how that may be addressed in the future.

scholarly journals Income Inequality and Noncash Food Assistance Program in Central Java Province

2021 ◽  
Vol 16 (2) ◽  
Author(s):  
Yusuf Munandar
Keyword(s):  
Income Inequality ◽  
Gini Coefficient ◽  
Rural Areas ◽  
Food Assistance ◽  
Population Increase ◽  
Assistance Program ◽  
Central Java ◽  
The Gini Coefficient ◽  
Central Java Province

One measure of income inequality that is often used is the Gini Coefficient. In Central Java Province, the income inequality in March 2019 was increasing compared to income inequality in September 2018. To reduce this income inequality, the government is focusing on increasing government spending in the field of social assistance, including Non-Cash Food Assistance (Bantuan Pangan Non Tunai/BPNT). Thus, this study aims to calculate and obtain a reduction in the Gini Coefficient as a result of the implementation of the BPNT program in the Central Java Province of Indonesia. This study uses the Counter Factual Analysis (CFA) method and the March 2019 Susenas data. This study concludes that the implementation of the BPNT program in 2019 is quite effective in reducing the level of income inequality in the Central Java Province of Indonesia, which is able to reduce the Gini Coefficient of Central Java Province by -1.20%. The implementation of the BPNT program was able to make the expenditure of the lower class population increase faster than the expenditure of upper and middle class population. The implementation of the BPNT program changes the map of the income inequality level of 35 districts/cities in the Central Java Province of Indonesia but does not change the map of the level of income inequality between urban and rural areas in the Central Java Province of Indonesia. In addition, the implementation of the BPNT program in the Central Java Province of Indonesia has not been able to change the category of income inequality in the Central Java Province of Indonesia, namely that it remains in the moderate category. This study recommends improvements in terms of the target recipients of BPNT, the quality of the human resources of the companions, the time for receiving assistance, the quality of rice, and the readiness of e-warong in 35 districts/cities in the Province of Central Java, Indonesia.

scholarly journals Who uses residential aged care now, how has it changed and what does it mean for the future?

2020 ◽  
Vol 44 (6) ◽  
pp. 820
Author(s):  
Diane Gibson
Keyword(s):  
Residential Care ◽  
Average Length ◽  
Age Groups ◽  
Aged Care ◽  
Residential Aged Care ◽  
Ageing Population ◽  
The Past ◽  
The Future ◽  
Australian Bureau Of Statistics ◽  
Care System

ObjectiveThis paper presents past trends in resident characteristics and usage patterns in residential aged care and explores implications for the future. MethodsTime series analyses were undertaken of national aged care administrative datasets and the Australian Bureau of Statistics Surveys of Disability, Ageing and Carers. ResultsAlthough the number of people in residential care has continued to increase, resident profiles have changed as a result of higher growth rates in the number of men and of people aged 65–74 years and 90 years and over, and a decline in the number of women aged 75–89 years. Relative to population size, usage rates are declining across all age groups, the average length of stay is shortening, and dependency levels appear to be rising. ConclusionChanging trends in residential aged care use, when combined with key trends in the broader population of older Australians, offer useful insights in planning for the future. What is known about the topic?Trends in the changing characteristics of permanent aged care residents and patterns of use of Australian residential aged care have received sparse attention in scholarly journals. Government reports and databases contain useful statistics, but they do not provide a coherent analysis and interpretation of the implications of these trends or situate them in broader population patterns. What does this paper add?The analyses in this paper demonstrate patterns of change and continuity in the use of residential care over the past decade, and locate those changes in the context of broader trends in the ageing population. Together, this provides useful insights into current and likely future trends, as well as a basis for imagining an improved residential aged care system in the future. What are the implications for practitioners?These analyses illustrate how data on aged care services, demographic trends and disease patterns can be used to consider the challenges that have affected our residential aged care system in the past and how that may be addressed in the future.

scholarly journals Energy transition and social justice: Do renewable energy levies have an impact on income distribution and energy poverty?

2021 ◽  
Author(s):  
Jan Priesmann ◽  
Saskia Spiegelburg ◽  
Reinhard Madlener ◽  
Aaron Praktiknjo
Keyword(s):  
Social Justice ◽  
Income Inequality ◽  
Low Income ◽  
Gini Coefficient ◽  
Electricity Consumption ◽  
Energy Transition ◽  
Relative Increase ◽  
Energy Poverty ◽  
The Gini Coefficient ◽  
Ex Post

Abstract Energy systems are decidedly the largest emitters of greenhouse gases. Therefore, transitioning them from fossil to renewable systems is a top priority for societies committed to reducing greenhouse gas emissions. However, such transitions involve substantial costs. In many cases, these costs are proportionally passed on to final energy consumers through levies on their electricity consumption. In our paper, we investigate the impacts of renewable support levies on social justice or, more specifically, on income inequality. For our study, we chose Germany where inflation-adjusted electricity prices for private households increased substantially because of such a levy for renewables. We base our analyses on representative household panel data with over 40,000 households from 2003 to 2018. Our results indicate that indiscriminate renewable support levies on electricity consumption increase income inequality and energy poverty. For our case in 2018, renewable support levies alone led to a relative increase of ~0.23% of the Gini coefficient and ~11.31% of the high cost low income (HCLI) energy poverty indicator measuring energy poverty intensity. Based on our findings, we propose a reform of the renewable support levy and analyze three options: (1) the abolition of the levy, (2) levies which are income-progressive proportionally to the income taxes, and (3) a high and flat levy in conjunction with an income-degressive compensation payment. Our ex-post analyses for 2018 indicate that a reformed levy system would have slightly decreased overall income inequality with relative decreases of ~0.23%, ~0.32%, and ~0.59% of the Gini coefficient for options (1), (2), and (3), respectively. But more importantly, such a system would have substantially decreased energy poverty by ~11.31%, ~30.45%, and ~31.45% for the HCLI energy poverty indicator for options (1), (2), and (3), respectively.

scholarly journals A Meta-Analysis of the Association between Income Inequality and Intergenerational Mobility

2019 ◽  
Vol 5 ◽  
pp. 237802311988128 ◽  
Author(s):  
Ernesto F. L. Amaral ◽  
Shih-Keng Yen ◽  
Sharron Xuanren Wang-Goodman
Keyword(s):  
Income Inequality ◽  
Gini Coefficient ◽  
Intergenerational Mobility ◽  
Meta Analysis ◽  
The United States ◽  
Income Share ◽  
Income Elasticities ◽  
Great Gatsby ◽  
The Gini Coefficient ◽  
Over Time

We provide an overview of associations between income inequality and intergenerational mobility in the United States, Canada, and eight European countries. We analyze whether this correlation is observed across and within countries over time. We investigate Great Gatsby curves and perform metaregression analyses based on several papers on this topic. Results suggest that countries with high levels of inequality tend to have lower levels of mobility. Intergenerational income elasticities have stronger associations with the Gini coefficient compared to associations with the top 1 percent income share. Once models are controlled for methodological variables, country indicators, and paper indicators, correlations of mobility with the Gini coefficient lose significance but not with the top 1 percent income share. This result is an indication that recent increases in inequality at the top of the distribution might be negatively affecting mobility on a greater magnitude compared to variations across the income distribution.

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