Skip to main content

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

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

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%  
  1. 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