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South Korea in the Fast LaneEconomic Development and Capital Formation$
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Young-Iob Chung

Print publication date: 2007

Print ISBN-13: 9780195325454

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780195325454.001.0001

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Domestic Saving and Income Distribution

Domestic Saving and Income Distribution

Chapter:
(p.213) 7 Domestic Saving and Income Distribution
Source:
South Korea in the Fast Lane
Author(s):

Young‐Iob Chung (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195325454.003.0007

This chapter examines the volume of domestic savings; its sources (e.g., personal/household, business, and the government); and the use of mobilized domestic savings to finance the growing investment needs of the country. Since personal/household saving is largely determined by the level and distribution of income, wealth, and people's propensity to save, these factors are evaluated for different income groups and occupations, and business profits and dividend payments upon which business savings largely depend on are examined. The chapter also analyzes the channels into which personal/household savings are funneled, the significance of owners' equity financing, and business saving. Since business saving depends on business profits, the factors that contribute to profits as well as their primary beneficiaries are examined. The sources of government revenues, public saving, and the role of the government in capital formation are investigated.

Keywords:   business profits, business saving, personal saving, household saving, government revenues, government saving

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