A new approach to social inequality: inequality of income and wealth in South Korea

The Journal of Chinese Sociology

Table 2 Descriptive summary of major variables (N = 18,497)

Variables	Explanation	Percent	Standard deviation
logY	Log of annual income	8.4173	0.9841
logW	Log of wealth	9.5869	1.7747
Sex	0 = male	75.51%
	1 = female	24.49%
Age	Average	55.2066	14.8992
Education	Years of completed education	11.0702	4.7102
Occupation	Managers	2.42%
	Professionals	13.13%
	Clerics	12.32%
	Service	6.38%
	Sales	7.85%
	Peasant	5.11%
	Skilled workers	9.42%
	Semi-skilled workers	12.14%
	Unskilled workers	10.29%
	Soldier	0.28%
	Non-working	20.64%
Employment status	Regular	43.54%
	Non-regular	11.78%
	Employer with employees	5.50%
	Employer without employees	17.48%
	Atypical workers	1.02%
	Non-working	20.67%
Family size	Average family members	2.8413	1.2846
Elderly household	Age of household head > 65	19.75%
Housing ownership	Owners of housing	61.13%

Note: The proportions of non-working are slightly different between occupation and employment status due to the collapse of family workers without pay to non-working in the distribution of employment status