{"title":"Exploring poverty heterogeneity between older old and younger old: evidence from South Korea","authors":"Taiwon Ha","doi":"10.1332/17598273y2023d000000012","DOIUrl":"https://doi.org/10.1332/17598273y2023d000000012","url":null,"abstract":"Despite their significant dedication to the remarkable economic growth, the poverty rate of older adults in Korea remains the highest among developed economies. This study utilises the Shapley decomposition to analyse the effects of socio-economic changes and recently developed welfare system on poverty heterogeneity between older old and younger old. The findings indicate that the poverty rate for younger old improved from 47.9 per cent in 2003 to 32.3 per cent in 2020, whereas the rate for older old increased from 49.8 per cent to 60.1 per cent. Specifically, the contribution-based public pension presented smaller anti-poverty effects on older old than younger old, because it was implemented later, therefore, older old could not accumulate adequate contribution periods. In addition, means-tested benefits had limited effects in reducing the poverty risk for the two old groups, as they are not well-targeted and provide insufficient benefits. Furthermore, older Korean adults are compelled to participate in the labour market to make ends meet, and earned income significantly mitigated the poverty risk of younger old. Based on these findings, this article argues that the government needs to implement more inclusive fiscal measures to alleviate the poverty threat of older old.","PeriodicalId":505062,"journal":{"name":"Journal of Poverty and Social Justice","volume":"44 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140487700","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Universalism versus residualism: a micro-simulation of alternative income maintenance schemes in South Korea","authors":"Nari Park, Kyoseong Kim","doi":"10.1332/17598273y2023d000000013","DOIUrl":"https://doi.org/10.1332/17598273y2023d000000013","url":null,"abstract":"This article examines the past, present and future of income maintenance schemes in Korea. Historically, income security schemes have been built on the idea of work-centred social insurance supplemented by social assistance. This approach was based on the premise of full employment. While current schemes have achieved institutional completeness and have contributed to alleviating poverty and inequality, they have exhibited limitations in responding to the qualitative shifts of capitalism, leading to welfare blind spots. Various alternatives have been proposed, such as universal basic income (UBI), which aims for equality, and residual Safety Income (SI), which aims for efficiency. The objective of this study is to validate the effects of basic income proposals and SI as alternative income maintenance schemes emerging in Korea. We simulated and compared the poverty alleviation and income redistribution effects of the two alternatives using data from the Survey of Household Finances and Living Conditions (2019~2021). The effects of poverty alleviation and income distribution were determined by analysing the hypothetical changes in absolute and relative poverty rates, as well as the Gini coefficient. The efficiency of benefits was assessed as the ratio of the amount used to reduce the poverty gap out of the total benefit amount. The study found that while SI appeared cost-effective in addressing absolute poverty, UBI was also effective in addressing relative poverty and income inequality.","PeriodicalId":505062,"journal":{"name":"Journal of Poverty and Social Justice","volume":"44 23","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139599604","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Making ends meet: revisiting the consensual income approach to measuring poverty","authors":"Peter Saunders, Melissa Wong","doi":"10.1332/17598273y2023d000000010","DOIUrl":"https://doi.org/10.1332/17598273y2023d000000010","url":null,"abstract":"Conventional (income-based) poverty measures have been criticised for being narrowly focused and failing to provide evidence that those identified as poor have an unacceptable standard of living. The consensual approach to deprivation addresses both weaknesses by drawing on community perceptions of what items are essential for all and establishing that those who do not have them cannot afford them. In contrast, the consensual income approach maintains the role of income as a key determinant of poverty but uses community perceptions of how much is needed to make ends meet to set a poverty line. Although perceptions vary widely, it is possible to estimate the income level at which people with that income would say that their current income is just enough to make ends meet. This article re-examines this approach drawing on recent developments in poverty research and using new data for Australia. The consensual poverty lines produced are shown to have similarities with those used in existing poverty studies, but also to exhibit important differences. An overlap measure is developed that includes those in consensual poverty who also indicate that their current income is not enough for them to make ends meet. The poverty rates produced by this overlap measure is shown to align with those based on the 50 per cent of median-income OECD equivalised poverty line used in most Australian studies. It is argued that the consensual income approach has the potential to advance our understanding of poverty beyond that provided by conventional income-based measures.","PeriodicalId":505062,"journal":{"name":"Journal of Poverty and Social Justice","volume":"15 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139438819","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Multidimensional child poverty in South Korea: developing measures to assess progress towards the sustainable development goals","authors":"Soyoon Weon, Marco Pomati, S. Nandy","doi":"10.1332/17598273y2023d000000009","DOIUrl":"https://doi.org/10.1332/17598273y2023d000000009","url":null,"abstract":"This article presents the development of a measure to assess the prevalence and patterning of multidimensional child poverty in South Korea. The first goal of UN’s Sustainable Development Goals (SDGs) is to reduce poverty in all its dimensions, and countries are increasingly developing their own measures of multidimensional poverty. This flourishing of different measures presents challenges for international comparisons. The article applies an internationally-validated method of assessing multidimensional poverty to demonstrate its suitability for use in a high-income Asian economy. Multidimensional child poverty is assessed by combining data on child material deprivation with their household income. Using data from the 2018 Korean National Children Survey, we show that child material deprivation is higher (15%) than income poverty (12%). When measured using a combined measure of material deprivation and income, around one in every three children in Korea were found to be either poor or vulnerable to poverty. These findings show that the official monetary poverty measure on its own may understate the percentage of children unable to afford necessities in Korea, as envisioned by international targets like the SDGs. In terms of policy, analysis of individual deprivations suggests that a combination of in-kind benefits such as vouchers for leisure activities or education and asset-building programmes as well as cash transfers are needed for tackling child poverty.","PeriodicalId":505062,"journal":{"name":"Journal of Poverty and Social Justice","volume":"6 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139440199","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}