Changes in Korean Wage Inequality 1980-2000

초록

Korea is known not only for rapid economic growth but also relatively low wage inequality. It is one of the few countries in which wage inequality levelled-off during 1980s. However, in recent years wage inequality has increased. This paper studies what factors contributed to the changes in wage inequality during last two decades. The decomposition of wage inequality change during the last two decades shows that changes in the wage structure was an important contributory factor to the changes in wage inequality in Korea.