East Asian Strategies for Combating Income Inequality
A Comparative Analysis of Redistributive Fiscal Policy Efforts in China and Korea
Bibliographic Data
| ID | 22351914 |
|---|---|
| Authors | Katharina Menz (0000-0001-6145-3714, corresponding author) |
| Year | 2020 |
| Volume | 12 |
| Issue | 1 |
| Pages | 92-123 |
| Publication date | 2020-11-23 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Vienna Journal of East Asian Studies (JOURNAL) |
| Journal identifiers | ISSN: 2521-702X • E-ISSN: 2521-7038 |
| Publisher | Walter de Gruyter GmbH (PUBLISHER • DE) |
| DOI | 10.2478/vjeas-2020-0004 |
| OpenAlex | W3091578052 |
| Language | EN |
| References cited | 46 |
Both China and Korea face different stages of national income inequality as well as distinctive structures in their income distribution. However, not only do levels and structures of income inequality differ in China and Korea, but their measures to tackle income inequality inherently differ. This article investigates how the Chinese and Korean governments respond to income inequality in their countries by analysing fiscal policy on both the expenditure and taxation fronts. The findings show that both China and Korea have increased their redistributive efforts in the recent past; however, Korea’s commitment to tackling income inequality is stronger than that of China. Moreover, this article finds evidence for distinctive strategies for reducing income inequality in China and Korea. Responding to large income disparities at the bottom of the income distribution spectrum, the Chinese government tackles income inequality by supporting low income earners and reducing the tax burden for low income brackets. In contrast, given Korean income inequality can be largely explained by relatively large top income shares, the redistributive policy incorporates newly introduced social benefits excluding top income earners as well as income taxes aimed at the top of the income spectrum
China · Comprehensive income · Demographic economics · Development economics · Economic inequality · Economics · Gross income · Income distribution · Income in kind · Income inequality metrics · Inequality · Labour economics · Net national income · Political science · Public economics · State income tax · Tax reform · Total personal income · Fiscal Policy and Economic Growth · Income, Poverty, and Inequality · Local Government Finance and Decentralization
Welfare, Work, and Poverty
The Urban–rural Income Gap and Inequality in China
China's regional disparities
The Distribution of Household Income in China
Income Distribution
World Inequality Report 2022
Income and Inequality in China
Inequality
Promise and Pitfalls in the Use of “Secondary” Data-Sets
China's Income Distribution, 1985–2001
Income inequality and population health
Trends of Income Inequality Among the Elderly in Korea
Growing (un)equal
Income inequalities in China
Inequality of income between town and countryside in the People's Republic of China in the mid-1950s
China's (uneven) progress against poverty
What makes growth sustained
Income inequality within and across counties in rural China 1988 and 1995
| Citation velocity | historical |
|---|---|
| Highly cited | No |