Bridging the Gap: How Policies Mitigate the Happiness Divide Caused by Inequality in South Korea

Xinyi He

doi:10.47297/wspdecWSP2515-797303.20240802

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Bridging the Gap: How Policies Mitigate the Happiness Divide Caused by Inequality in South Korea

Volume 8, Issue 2

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Bridging the Gap: How Policies Mitigate the Happiness Divide Caused by Inequality in South Korea
Bridging the Gap: How Policies Mitigate the Happiness Divide Caused by Inequality in South Korea
Universiti Malaya, Faculty of Business and Economics
Vol. 8, Issue 2, Pages: 18-26(2024)
Published： 24 December 2024 ，
DOI：10.47297/wspdecWSP2515-797303.20240802
Accepted：

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He Xinyi.Bridging the Gap: How Policies Mitigate the Happiness Divide Caused by Inequality in South Korea[J].Development Economics of China,2024,08(02):18-26.
DOI：

He Xinyi.Bridging the Gap: How Policies Mitigate the Happiness Divide Caused by Inequality in South Korea[J].Development Economics of China,2024,08(02):18-26. DOI： 10.47297/wspdecWSP2515-797303.20240802.

摘要

Abstract

This research examines the relationship between income inequality

opportunity inequality and happiness in Korea

focusing on how these inequalities affect the happiness gap in Korean society. By analysing data from the Korean General Social Survey

finding that while income inequality has little impact on life satisfaction

opportunity inequality significantly negatively impacts happiness. The research also assesses the effectiveness of current policies in Korea. It examines how policy interventions can enhance opportunity equality in education

employment

and promotion

thus improving national happiness. The results suggest that trust in government and institutions enhances national happiness

while opportunity inequality reduces trust in government and life satisfaction. The findings underscore the urgent need for countries facing similar challenges to address disparities and promote social cohesion and well-being.

关键词

Keywords

Income inequalityOpportunity inequalityHappinessLife satisfactionPoliciesKorea

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