IDEAS home Printed from https://ideas.repec.org/a/spr/soinre/v168y2023i1d10.1007_s11205-023-03128-3.html
   My bibliography  Save this article

Exploring Social Capital Level in Regions with Large and Increasing Wealth Inequality: Lesson from Seoul, South Korea

Author

Listed:
  • Sungik Kang

    (Hanyang University)

  • Ja-Hoon Koo

    (Hanyang University)

Abstract

While wealth inequality is increasing worldwide, social interaction quality among communities is simultaneously decreasing. Although inequality is primarily correlated with the income gap, inequality is also significantly associated with the housing price gap, especially in South Korea. This study explores the correlation between housing price inequality and social interaction levels in Seoul. For this analysis, the housing price Gini coefficient was utilized through the housing transaction price, and social interaction was measured using the Korea Housing Survey. The results of this study indicate that the social interaction level was low in regions with large housing price inequality. Moreover, the social interaction level was low in regions where housing price inequality increased for 10 years. Furthermore, the negative correlation between housing price inequality and social interaction was significant only in the lower-asset class. The fact that inequality negatively influences social interactions only in the low-asset class is another aspect of inequality.

Suggested Citation

  • Sungik Kang & Ja-Hoon Koo, 2023. "Exploring Social Capital Level in Regions with Large and Increasing Wealth Inequality: Lesson from Seoul, South Korea," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 168(1), pages 165-183, August.
    • Handle: RePEc:spr:soinre:v:168:y:2023:i:1:d:10.1007_s11205-023-03128-3
    DOI: 10.1007/s11205-023-03128-3
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11205-023-03128-3
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s11205-023-03128-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Alberto Alesina & Eliana La Ferrara, 2000. "Participation in Heterogeneous Communities," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(3), pages 847-904.
    2. Mansyur, Carol & Amick, Benjamin C. & Harrist, Ronald B. & Franzini, Luisa, 2008. "Social capital, income inequality, and self-rated health in 45 countries," Social Science & Medicine, Elsevier, vol. 66(1), pages 43-56, January.
    3. Wilkinson, Richard G & Pickett, Kate E., 2006. "Income inequality and population health: A review and explanation of the evidence," Social Science & Medicine, Elsevier, vol. 62(7), pages 1768-1784, April.
    4. Shin, Hyun Bang & Kim, Soo-Hyun, 2016. "The developmental state, speculative urbanisation and the politics of displacement in gentrifying Seoul," LSE Research Online Documents on Economics 60439, London School of Economics and Political Science, LSE Library.
    5. Michael McAleer & Hang K. Ryu & Daniel J. Slottje, 2019. "A New Inequality Measure that is Sensitive to Extreme Values and Asymmetries," Advances in Decision Sciences, Asia University, Taiwan, vol. 23(1), pages 31-61, March.
    6. Allan Williams & Vladimir Balaz, 2009. "Low-Cost Carriers, Economies of Flows and Regional Externalities," Regional Studies, Taylor & Francis Journals, vol. 43(5), pages 677-691.
    7. Caldera, Aida & Johansson, Åsa, 2013. "The price responsiveness of housing supply in OECD countries," Journal of Housing Economics, Elsevier, vol. 22(3), pages 231-249.
    8. Carter, Michael R. & Zimmerman, Frederick J., 2000. "The dynamic cost and persistence of asset inequality in an agrarian economy," Journal of Development Economics, Elsevier, vol. 63(2), pages 265-302, December.
    9. Douglas Massey, 1996. "The age of extremes: Concentrated affluence and poverty in the twenty-first century," Demography, Springer;Population Association of America (PAA), vol. 33(4), pages 395-412, November.
    10. David McKenzie, 2005. "Measuring inequality with asset indicators," Journal of Population Economics, Springer;European Society for Population Economics, vol. 18(2), pages 229-260, June.
    11. Kawachi, I. & Kennedy, B.P. & Lochner, K. & Prothrow-Stith, D., 1997. "Social capital, income inequality, and mortality," American Journal of Public Health, American Public Health Association, vol. 87(9), pages 1491-1498.
    12. Laaksonen, Mikko & Tarkiainen, Lasse & Martikainen, Pekka, 2009. "Housing wealth and mortality: A register linkage study of the Finnish population," Social Science & Medicine, Elsevier, vol. 69(5), pages 754-760, September.
    13. Kennedy, Bruce P. & Kawachi, Ichiro & Prothrow-Stith, Deborah & Lochner, Kimberly & Gupta, Vanita, 1998. "Social capital, income inequality, and firearm violent crime," Social Science & Medicine, Elsevier, vol. 47(1), pages 7-17, July.
    14. Yang, Yiwen & Greaney, Theresa M., 2017. "Economic growth and income inequality in the Asia-Pacific region: A comparative study of China, Japan, South Korea, and the United States," Journal of Asian Economics, Elsevier, vol. 48(C), pages 6-22.
    15. Woo Chang Kang & Jae Seung Lee & BK Song, 2020. "Envy and Pride: How Economic Inequality Deepens Happiness Inequality in South Korea," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 150(2), pages 617-637, July.
    16. Egolf, B. & Lasker, J. & Wolf, S. & Potvin, L., 1992. "The Roseto effect: A 50-year comparison of mortality rates," American Journal of Public Health, American Public Health Association, vol. 82(8), pages 1089-1092.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cristina Blanco Pérez & Xavier Ramos, 2010. "Polarization And Health," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(1), pages 171-185, March.
    2. B. d'Hombres & L. Rocco & M. Suhrcke & M. McKee, 2010. "Does social capital determine health? Evidence from eight transition countries," Health Economics, John Wiley & Sons, Ltd., vol. 19(1), pages 56-74, January.
    3. Ivica Petrikova, 2022. "The Effects of Local-Level Economic Inequality on Social Capital: Evidence from Andhra Pradesh, India," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 34(6), pages 2850-2877, December.
    4. Kang, Songman & Son, Hyelim & Song, B.K., 2023. "The effect of housing price inequality on mental health," Labour Economics, Elsevier, vol. 85(C).
    5. Zheng, Hui & George, Linda K., 2012. "Rising U.S. income inequality and the changing gradient of socioeconomic status on physical functioning and activity limitations, 1984–2007," Social Science & Medicine, Elsevier, vol. 75(12), pages 2170-2182.
    6. Mohseni-Cheraghlou, Amin, 2016. "The Aftermath of Financial Crises: A Look on Human and Social Wellbeing," World Development, Elsevier, vol. 87(C), pages 88-106.
    7. Rebeira, Mayvis & Grootendorst, Paul & Coyte, Peter C. & Aguirregabiria, Victor, 2017. "Does rising income inequality affect mortality rates in advanced economies?," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 11, pages 1-23.
    8. Vincens, Natalia & Emmelin, Maria & Stafström, Martin, 2018. "Social capital, income inequality and the social gradient in self-rated health in Latin America: A fixed effects analysis," Social Science & Medicine, Elsevier, vol. 196(C), pages 115-122.
    9. Songyang Lyu & Sungik Kang & Ja-Hoon Koo, 2022. "Social Capital Inequality According to Hukou in Unequal Economic Environments in China," Sustainability, MDPI, vol. 14(21), pages 1-14, October.
    10. Sungik Kang & Hosung Woo & Ja-Hoon Koo, 2021. "Precarious Suicide Behavior According to Housing Price Gap: A Case Study on South Korea," IJERPH, MDPI, vol. 18(18), pages 1-15, September.
    11. Detollenaere, Jens & Desmarest, Ann-Sophie & Boeckxstaens, Pauline & Willems, Sara, 2018. "The link between income inequality and health in Europe, adding strength dimensions of primary care to the equation," Social Science & Medicine, Elsevier, vol. 201(C), pages 103-110.
    12. Jonathan K Burns & Andrew Tomita & Amy S Kapadia, 2014. "Income inequality and schizophrenia: Increased schizophrenia incidence in countries with high levels of income inequality," International Journal of Social Psychiatry, , vol. 60(2), pages 185-196, March.
    13. Georg Kanitsar, 2022. "The Inequality-Trust Nexus Revisited: At What Level of Aggregation Does Income Inequality Matter for Social Trust?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(1), pages 171-195, August.
    14. Urszula Markowska-Przybyła & David M. Ramsey, 2018. "Social Capital and Long-Term Regional Development within Poland in the Light of Experimental Economics and Data from a Questionnaire," Sustainability, MDPI, vol. 10(9), pages 1-26, August.
    15. Herzer, Dierk & Nunnenkamp, Peter, 2015. "Income inequality and health: Evidence from developed and developing countries," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 9, pages 1-56.
    16. Michael Cauvel & Miguel Alejandro Sanchez, 2023. "Life Expectancy and the Labor Share in the U.S," Working Papers PKWP2308, Post Keynesian Economics Society (PKES).
    17. Bilger, Marcel & Carrieri, Vincenzo, 2013. "Health in the cities: When the neighborhood matters more than income," Journal of Health Economics, Elsevier, vol. 32(1), pages 1-11.
    18. Layte, R. & Christopher Whelan, 2013. "GINI DP 78: Who Feels Inferior? A Test of the Status Anxiety Hypothesis of Social Inequalities in Health," GINI Discussion Papers 78, AIAS, Amsterdam Institute for Advanced Labour Studies.
    19. Yonghua Li & Qinchuan Ran & Song Yao & Likun Ding, 2023. "Evaluation and Optimization of the Layout of Community Public Service Facilities for the Elderly: A Case Study of Hangzhou," Land, MDPI, vol. 12(3), pages 1-29, March.
    20. Luo, Weixiang & Xie, Yu, 2020. "Economic growth, income inequality and life expectancy in China," Social Science & Medicine, Elsevier, vol. 256(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:soinre:v:168:y:2023:i:1:d:10.1007_s11205-023-03128-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.