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@article{ART002033441},
author={SEUNG YEON WON},
title={The Influence of Households’ Finacial Debts on Income Inequality},
journal={Korea Social Policy Review},
issn={1226-0525},
year={2015},
volume={22},
number={3},
pages={41-72},
doi={10.17000/kspr.22.3.201509.41}

TY - JOUR
AU - SEUNG YEON WON
TI - The Influence of Households’ Finacial Debts on Income Inequality
JO - Korea Social Policy Review
PY - 2015
VL - 22
IS - 3
PB - Korean Association of Social Policy
SP - 41
EP - 72
SN - 1226-0525
AB - This paper, using the ‘Survey of Household Finances and Living Condition’, analyzed the households’ financial debts by income decile and the influence of financial debts on the income inequality. The empirical results are as follows. First, As households’ incomes are lower, their burden from the financial debts are larger. Second, calculating the level of income inequality by the Gini’s coefficient and Esteban-Ray Index, the inequality of the disposable income which is deducted by the interest and principal payment of financial debts became worse than that of current income. Third, as the households have higher financial debt ratios, their disposable incomes in next year decreased more. Above all, the lower-class households have the higher probability for their disposable incomes to decrease even if their current incomes increase. This shows that the increase of financial debts makes the lower-class households’ disposable incomes worse than higher and middle class households’ ones, which implies that the financial debts of households may aggravate the income equality. The results suggest that the government should develop the fundamental income distribution policy, not dependent on the financial supporting policy which increase the households’ financial debts.
KW - disposable Income;household Debt;income inequality;payment of interest and principal
DO - 10.17000/kspr.22.3.201509.41
ER -

SEUNG YEON WON. (2015). The Influence of Households’ Finacial Debts on Income Inequality. Korea Social Policy Review, 22(3), 41-72.

SEUNG YEON WON. 2015, "The Influence of Households’ Finacial Debts on Income Inequality", Korea Social Policy Review, vol.22, no.3 pp.41-72. Available from: doi:10.17000/kspr.22.3.201509.41

SEUNG YEON WON "The Influence of Households’ Finacial Debts on Income Inequality" Korea Social Policy Review 22.3 pp.41-72 (2015) : 41.

SEUNG YEON WON. The Influence of Households’ Finacial Debts on Income Inequality. 2015; 22(3), 41-72. Available from: doi:10.17000/kspr.22.3.201509.41

SEUNG YEON WON. "The Influence of Households’ Finacial Debts on Income Inequality" Korea Social Policy Review 22, no.3 (2015) : 41-72.doi: 10.17000/kspr.22.3.201509.41

SEUNG YEON WON. The Influence of Households’ Finacial Debts on Income Inequality. Korea Social Policy Review, 22(3), 41-72. doi: 10.17000/kspr.22.3.201509.41

SEUNG YEON WON. The Influence of Households’ Finacial Debts on Income Inequality. Korea Social Policy Review. 2015; 22(3) 41-72. doi: 10.17000/kspr.22.3.201509.41

SEUNG YEON WON. The Influence of Households’ Finacial Debts on Income Inequality. 2015; 22(3), 41-72. Available from: doi:10.17000/kspr.22.3.201509.41

SEUNG YEON WON. "The Influence of Households’ Finacial Debts on Income Inequality" Korea Social Policy Review 22, no.3 (2015) : 41-72.doi: 10.17000/kspr.22.3.201509.41