Rising Inequality and Shifting Class Boundaries in South Korea in the Neo-Liberal Era.

Having maintained a relatively equitable pattern of income distribution throughout the period of rapid economic development, South Korea has experienced a drastic increase of inequality over the past two decades. This article examines Korea's income distribution pattern and identifies several struct...

Descripción completa

Detalles Bibliográficos
Publicado en:Journal of Contemporary Asia Vol. 51; no. 1; pp. 1 - 20
Autor principal: Koo, Hagen
Formato: Artículo
Publicado: Taylor & Francis Ltd Mar2021
Materias:
Acceso en línea:Ver este registro en EBSCOhost
fields @attributes:
  recordID: 1
pdfLink:
plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=147858408&site=ehost-live
header:
  @attributes:
    shortDbName: ssf
    uiTerm: 147858408
    longDbName: Social Sciences Full Text (H.W. Wilson)
    uiTag: AN
  controlInfo:
    bkinfo:
    jinfo:
      jid:
        00472336
        CAS
      jtl: Journal of Contemporary Asia
      issn: 00472336
      maglogo: N
    pubinfo:
      dt: Mar2021
      vid: 51
      iid: 1
      pid: 377
      pub: Taylor & Francis Ltd
    artinfo:
      ui:
        147858408
        10.1080/00472336.2019.1663242
      ppf: 1
      ppct: 19
      formats:
      tig:
        atl: Rising Inequality and Shifting Class Boundaries in South Korea in the Neo-Liberal Era.
      aug:
        au: Koo, Hagen
        affil: Department of Sociology, University of Hawaii at Manoa, Honolulu, USA
      su:
        Income inequality
        Labor market
        Development gap
        Economic conditions in South Korea, 2002-
        South Korean economic policy
        Labor market -- Law & legislation
        Twenty-first century
      sug:
        subj:
          Income inequality
          Labor market
          Development gap
          Economic conditions in South Korea, 2002-
          South Korean economic policy
          Labor market -- Law & legislation
          Twenty-first century
      keyword:
        affluent middle class
        class boundaries
        polarisation
        South Korea
        affluent middle class
        class boundaries
        polarisation
        South Korea
      ab: Having maintained a relatively equitable pattern of income distribution throughout the period of rapid economic development, South Korea has experienced a drastic increase of inequality over the past two decades. This article examines Korea's income distribution pattern and identifies several structural cleavages and mechanisms in the economy that account for the rising inequality and then considers various class structural implications of this change in income distribution. It argues that Korea's income distribution has become polarised, but that this polarisation is more complex than usually captured by the popular phrase, "the top 1% versus the bottom 99%." It involves two forms of polarisation: one, occurring in the labour market between regularly employed and non-regularly employed workers, and between employees of large firms and smaller firms; and the other, between a minority of top income earners (the top 1% to 10%) and the rest of the labour force. The consequences of this skewed income distribution include a shrinking middle class, blurring class boundaries, internal divisions within both the middle and the working class, and the rise of a new, affluent middle class.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
    refInfo:
    copyright:
      @attributes:
        flag: N
    holdings:
      @attributes:
        islocal: N