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Top Incomes In Korea, 1933-2010: Evidence From Income Tax Statistics

Author

Listed:
  • KIM, NAK NYEON
  • KIM, JONGIL

Abstract

This paper constructs the long-term series of top income shares in Korea using income tax statistics. Top income shares dropped sharply after WWII, remained low during industrialization periods, and has ascended since the mid-1990s. We suggest that the fall in the top income shares after WWII can be explained by the economic collapse and political disruption after liberation. The rising income concentration in the last 15 years could be attributable to the drastic shift in industrial structure and the institutional factors such as the reduction in the marginal tax rate and the post-crisis changes in the corporate governance system.

Suggested Citation

  • Kim, Nak Nyeon & Kim, Jongil, 2015. "Top Incomes In Korea, 1933-2010: Evidence From Income Tax Statistics," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 56(1), pages 1-19, June.
    • Handle: RePEc:hit:hitjec:v:56:y:2015:i:1:p:1-19
    DOI: 10.15057/27197
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    Citations

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    Cited by:

    1. Jin Seo Cho & Myung-Ho Park & Peter C. B. Phillips, 2018. "Practical Kolmogorov–Smirnov Testing by Minimum Distance Applied to Measure Top Income Shares in Korea," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 36(3), pages 523-537, July.
    2. Woojin Lee & Younghoon Yoon, 2017. "Capital in South Korea: 1966–2014," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 49(3), pages 671-708, December.

    More about this item

    Keywords

    top income shares; income tax statistics; inequality; Korea;
    All these keywords.

    JEL classification:

    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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