{"id":679,"date":"2018-11-07T13:38:18","date_gmt":"2018-11-07T04:38:18","guid":{"rendered":"http:\/\/inequality.kr\/en\/?p=679"},"modified":"2019-01-09T11:54:20","modified_gmt":"2019-01-09T02:54:20","slug":"inter-generational-wealth-transfer-and-increasing-wealth-inequality-within-generation-1990-2016","status":"publish","type":"post","link":"http:\/\/inequality.kr\/en\/2018\/11\/07\/inter-generational-wealth-transfer-and-increasing-wealth-inequality-within-generation-1990-2016\/","title":{"rendered":"Inter-generational Wealth Transfer and Increasing Wealth Inequality within Generation, 1990-2016"},"content":{"rendered":"<p>Colloquium in Oct. 2018<\/p>\n<p>Lee, Chul-Sung (Professor, Dept. of Sociology at Sogang Univ.)<\/p>\n<p>Based on \u2018Household Income Trends\u2019 in 1990~2016, this study analyzes how wealth inequality has increased in Korean society.\u00a0According to the analysis, cohorts born in the 1930s~40s and the 1970s~80s show especially a high level of wealth inequality within generation, which the study argues is due to the real estate boom in the 1970s and the 1980s.\u00a0When those born in the 1930s~40s were in their 40s, the price of property skyrocketed, and this led to enormous wealth inequality within this cohort; between those who benefited from the boom and those who could not. Through inter-generational wealth transfers, this wealth inequality within generation was reproduced in their children\u2019s cohort born in or after the 1970s.\u00a0The study points out the possibility that this inter-generational reproduction of wealth inequality could increase resistance to the strengthening of the public welfare system.<\/p>\n<p><img loading=\"lazy\" src=\"http:\/\/inequality.kr\/en\/wp-content\/uploads\/sites\/2\/2018\/11\/3-1_\ubcf8\ubb38\uc774\ubbf8\uc9c01-1024x683.jpg\" alt=\"\" width=\"750\" height=\"500\" class=\"aligncenter wp-image-681 size-large\" srcset=\"http:\/\/inequality.kr\/en\/wp-content\/uploads\/sites\/2\/2018\/11\/3-1_\ubcf8\ubb38\uc774\ubbf8\uc9c01-1024x683.jpg 1024w, http:\/\/inequality.kr\/en\/wp-content\/uploads\/sites\/2\/2018\/11\/3-1_\ubcf8\ubb38\uc774\ubbf8\uc9c01-300x200.jpg 300w, http:\/\/inequality.kr\/en\/wp-content\/uploads\/sites\/2\/2018\/11\/3-1_\ubcf8\ubb38\uc774\ubbf8\uc9c01-768x512.jpg 768w, http:\/\/inequality.kr\/en\/wp-content\/uploads\/sites\/2\/2018\/11\/3-1_\ubcf8\ubb38\uc774\ubbf8\uc9c01-360x240.jpg 360w, http:\/\/inequality.kr\/en\/wp-content\/uploads\/sites\/2\/2018\/11\/3-1_\ubcf8\ubb38\uc774\ubbf8\uc9c01-272x182.jpg 272w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/p>\n<p><img loading=\"lazy\" src=\"http:\/\/inequality.kr\/en\/wp-content\/uploads\/sites\/2\/2018\/11\/3-2_\ubcf8\ubb38\uc774\ubbf8\uc9c02-1024x683.jpg\" alt=\"\" width=\"750\" height=\"500\" class=\"aligncenter wp-image-682 size-large\" srcset=\"http:\/\/inequality.kr\/en\/wp-content\/uploads\/sites\/2\/2018\/11\/3-2_\ubcf8\ubb38\uc774\ubbf8\uc9c02-1024x683.jpg 1024w, http:\/\/inequality.kr\/en\/wp-content\/uploads\/sites\/2\/2018\/11\/3-2_\ubcf8\ubb38\uc774\ubbf8\uc9c02-300x200.jpg 300w, http:\/\/inequality.kr\/en\/wp-content\/uploads\/sites\/2\/2018\/11\/3-2_\ubcf8\ubb38\uc774\ubbf8\uc9c02-768x512.jpg 768w, http:\/\/inequality.kr\/en\/wp-content\/uploads\/sites\/2\/2018\/11\/3-2_\ubcf8\ubb38\uc774\ubbf8\uc9c02-360x240.jpg 360w, http:\/\/inequality.kr\/en\/wp-content\/uploads\/sites\/2\/2018\/11\/3-2_\ubcf8\ubb38\uc774\ubbf8\uc9c02-272x182.jpg 272w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Colloquium in Oct. 2018 Lee, Chul-Sung (Professor, Dept. of Sociology at Sogang Univ.) Based on \u2018Household Income Trends\u2019 in 1990~2016, this study analyzes how wealth inequality has increased in Korean society.\u00a0According to the analysis, cohorts born in the 1930s~40s and the 1970s~80s show especially a high level of wealth inequality [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":680,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[22,52,25],"_links":{"self":[{"href":"http:\/\/inequality.kr\/en\/wp-json\/wp\/v2\/posts\/679"}],"collection":[{"href":"http:\/\/inequality.kr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/inequality.kr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/inequality.kr\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/inequality.kr\/en\/wp-json\/wp\/v2\/comments?post=679"}],"version-history":[{"count":3,"href":"http:\/\/inequality.kr\/en\/wp-json\/wp\/v2\/posts\/679\/revisions"}],"predecessor-version":[{"id":737,"href":"http:\/\/inequality.kr\/en\/wp-json\/wp\/v2\/posts\/679\/revisions\/737"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/inequality.kr\/en\/wp-json\/wp\/v2\/media\/680"}],"wp:attachment":[{"href":"http:\/\/inequality.kr\/en\/wp-json\/wp\/v2\/media?parent=679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/inequality.kr\/en\/wp-json\/wp\/v2\/categories?post=679"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/inequality.kr\/en\/wp-json\/wp\/v2\/tags?post=679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}