- Volume 6 Issue 1
As societal interest in inequality increases in Korea, both public and academic discussion on inequality is also on the rise. In order to more effectively discuss the problems of rising inequality, however, it is essential to study the consequences and implications of inequality. This study examines one of the consequences of inequality, particularly on individuals - the relationship between an individual's perception of inequality and his/her evaluation of societal health, such as social trust and social mobility. According to a statistical analysis of the Korean Academic Multimode Open Survey for Social Sciences (KAMOS), those who perceive the level of income and wealth inequality in Korea as more unequal tend to have a lower level of trust toward Korean society and Korean people, as well as a lower expectation for both intra- and intergenerational social mobility. This study, which shows that rising inequality could have a negative impact at the individual level, not only extends the scope of the consequence-of-inequality studies from the society-oriented toward the individual-oriented, but it also has significant implications for the field, suggesting a new direction for future studies.
Supported by : National Research Foundation of Korea
- Bonica, A., McCarty, N., Poole, K. T., & Rosenthal, H. (2013). Why hasn't democracy slowed rising inequality? Journal of Economic Perspectives, 27(3), 103-124. https://doi.org/10.1257/jep.27.3.103
- Brunory, P. (2017). The perception of inequality of opportunity in Europe. Review of Income and Wealth, 63(3), 464-491. https://doi.org/10.1111/roiw.12259
- Cho, S. K., LoCascio, S. P., Lee, K.-O, Jang, D.-H., and Lee, J. M. (2017). Testing the representativeness of a multimode survey in South Korea: Results from KAMOS. Asian Journal for Public Opinion Research, 4(2), 73-87. DOI: 10.15206/ajpor.2017.4.2.73 https://doi.org/10.15206/ajpor.2017.4.2.73
- Hauser, O. P., & Norton, M. I. (2017). (Mis)perceptions of Inequality. Current Opinion in Psychology, 18, 21-25. https://doi.org/10.1016/j.copsyc.2017.07.024
- Hwang, S.-J. (2015). Inequality and social risks: Applications of the Index of Health and Social Problems. Health and Social Welfare Review, 35(1), 5-25.
- IMF. (2016). Neoliberalism: Oversold? Finance & Development, 53(2).
- Jang, H. (2015). Capitalism in Korea II. Heybooks.
- Kang, C. H., & Lee, S. C. (2013). Generalized trust, civic engagement, and inequality: Effect of civic engagement and inequality. Journal of Korean Social Welfare Administration, 41(4), 1-28.
- Kim, J. (2012). Why economic democracy now. Donghwa.
- Link, B. G., & Phelan, J. (1995). Social conditions as fundamental causes of disease. Journal of Health and Social Behavior, extra issue, 80-94.
- Meltzer A. H., & Richard, S. F. (1981). A rational theory for the size of government. Journal of Political Economy, 89, 914-927.
- OECD. (2011). Divided we stand: Why inequality keeps rising. OECD Publishing.
- Oshio, T. & Urakawa, K. (2014) The association between perceived income inequality and subjective well-being: Evidence from a social survey in Japan. Social Indicators Research, 116(3), 755-770. https://doi.org/10.1007/s11205-013-0323-x
- Piketty, T. (2014). Capital in the twenty-first century (A. Goldhammer, Trans.). Cambridge, MA: Belknap Press: An Imprint of Harvard University Press.
- Putnam, R. D. (2001). Social capital: Measurement and consequences. ISUMA: Canadian Journal of Policy Research, 2(1), 41-51.
- Rajan, R. G. (2010). Fault lines: Why hidden fractures still threaten the world economy. Princeton, NJ: Princeton University Press.
- Verme, P. (2014). Facts and perceptions of inequality inside inequality in the Arab Republic of Egypt. Washington DC: The World Bank.
- Wilkinson, R. (1997). Comment: Income, inequality, and social cohesion. American Journal of Public Health, 87(9), 1504-1506. https://doi.org/10.2105/AJPH.87.9.1504
- Wilkinson, R., & Pickett, K. (2009). The spirit level: Why greater equality makes societies stronger. New York, NY: Bloomsbury Press.