This paper evaluates the hypotheses concerning the impact of globalization on income distribution in Korea. The regression results based on annual data covering the period 1975-1995 show that there is a weak evidence supporting the Kuznets hypothesis. The turning point in the Korean economy is revealed to be between around US $5000 and US $6000. Neither changes in the openness ratios regardless of the measures nor those in the FDI inflows are revealed to be significant in influencing the Gini coefficients. That is, globalization does not influence income distribution in Korea.
- Income distribution
- Kuznets hypothesis