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@article{ART001877828},
author={Kum， Hyunsub and Baek, Seungju},
title={Income Disparity, Income Change, and Future Expectation},
journal={Korean Society and Public Administration},
issn={1225-8652},
year={2014},
volume={25},
number={1},
pages={141-168}

TY - JOUR
AU - Kum， Hyunsub
AU - Baek, Seungju
TI - Income Disparity, Income Change, and Future Expectation
JO - Korean Society and Public Administration
PY - 2014
VL - 25
IS - 1
PB - Seoul Association For Public Administration
SP - 141
EP - 168
SN - 1225-8652
AB - The purpose of this study reviews the theoretical importance of future expectation in the relationship between subjective well-being and income, and explores the determinant factors of future expectation related to income change. Although the future expectation is individual’s crucial judgment concerned their various income change aspects, it hasn’t almost been discussed about how future expectation formed. In these respects, we investigate empirically the relationship between future expectation and income disparities, income mobility, and income stability. Empirical results show that experience of stable income increase raises future expectation, but income disparity compared with a reference group doesn’t affect future expectation when it considered with income changes. In addition, we found that income mobility and income stability have a synergy effect on the future expectantly. When people experience more stable income change even if they experience same income increases with others, people have a more positive future expectation. And when people experience an income increase even if they experience same income stability with others, people have a more positive future expectation, too. Based on these empirical results, we noted that stable income security plays a key role in forming a future expectation in policy reality.
KW - income disparity;income mobility;income stability;future expectation
DO -
UR -
ER -

Kum， Hyunsub and Baek, Seungju. (2014). Income Disparity, Income Change, and Future Expectation. Korean Society and Public Administration, 25(1), 141-168.

Kum， Hyunsub and Baek, Seungju. 2014, "Income Disparity, Income Change, and Future Expectation", Korean Society and Public Administration, vol.25, no.1 pp.141-168.

Kum， Hyunsub, Baek, Seungju "Income Disparity, Income Change, and Future Expectation" Korean Society and Public Administration 25.1 pp.141-168 (2014) : 141.

Kum， Hyunsub, Baek, Seungju. Income Disparity, Income Change, and Future Expectation. 2014; 25(1), 141-168.

Kum， Hyunsub and Baek, Seungju. "Income Disparity, Income Change, and Future Expectation" Korean Society and Public Administration 25, no.1 (2014) : 141-168.

Kum， Hyunsub; Baek, Seungju. Income Disparity, Income Change, and Future Expectation. Korean Society and Public Administration, 25(1), 141-168.

Kum， Hyunsub; Baek, Seungju. Income Disparity, Income Change, and Future Expectation. Korean Society and Public Administration. 2014; 25(1) 141-168.

Kum， Hyunsub, Baek, Seungju. Income Disparity, Income Change, and Future Expectation. 2014; 25(1), 141-168.

Kum， Hyunsub and Baek, Seungju. "Income Disparity, Income Change, and Future Expectation" Korean Society and Public Administration 25, no.1 (2014) : 141-168.