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Wage Inequality and Social Welfare Expenditure: Focusing on the Experience of Advanced Capitalist Countries

Kim, Young Bum 1

1한림대학교

Accredited

ABSTRACT

The object of the study is to investigate the relationship between wage inequalityand social welfare expenditure. The author postulates that the level of social expendituremay show negative relationship with the wage inequality, because thesocial welfare spending provides free time and economic resources to accumulatethe human capital and to search the job information. The data for analysis consistof unbalanced time-series cross sectional data from 17 OECD countries 1990-2010. According to the results, the each expenditure for income guarantee and for socialservice shows positive relationship with wage inequality, but interaction betweentwo variables shows negative relationship with wage inequality. Based on the results,the author suggest that the balanced expenditure between social service andincome guarantee program is needed in order to alleviate the wage inequality.

Citation status

* References for papers published after 2023 are currently being built.