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Measuring the Trickle-down Effect and the Policy Implications
Measuring the Trickle-down Effect and the Policy Implications
  • Table of Contents

    Chapter 1. Introduction

     

    Chapter 2. Trickle-down Effect: Definition and Literature

     

    Chapter 3. Role of Consumption Demand in Economic Growth

     

    Chapter 4. Income-Consumption Profile and Household’s Propensity to Consume by Income Level

     

    Chapter 5. Measuring the Trickle-down Effect 

     

    Chapter 6. Conclusion and Policy Implications 

  • SUMMARY

    The “trickle-down effect” is not an academic concept; it is a loosely defined term used in different meanings at different times. It has long been used in the press in different countries including Korea, often becoming the subject of political debate as well. But for all its importance in social discourse, it has not been accorded sufficient analysis. It may be due to the breadth of its meaning, which hinders a quick conclusion after one or two rounds of research, but the main reason for the gap is that mainstream economics rarely looked into the impact that each of the different income classes can have on the macro economy. 

     

    Prior studies on the trickle-down effect have looked mostly at correlation between growth and income distribution, or the reverse relations. It was rare that the studies looked at the different income classes to understand how the spending pattern of one income class would affect the income of the lower income class. Most studies used nationwide panel data or similar sources. This study is differentiated from others in that it directly measured the impact of spending pattern of each income class on the income of the low-income classes. (For the full text of the English summary, please download the “Download 2 English_Abstract”.) 

Insong Jang's other publications : 2
{Research Series} posts
No Title Author Date Attach
2 Measuring the Trickle-down Effect and the Policy Implications Insong Jang December 30, 2019 Measuring the Trickle-down Effect and the Policy Implications
1 A Study on Labor Market Transition of the Youth Yoon-Gyu Yoon, Insong Jang, Selim Choi, Sunghun Cho December 28, 2018 A Study on Labor Market Transition of the Youth
1