A Study on Path Analysis of Determinants of Low-income Households: an evidence from Korea

Abstract

Deciding low-income intensifies poverty rate, on July of 2017, the government of Korea has announced to raise minimum wage in order to make change to labor market structure. Income inequality has long been a social issue, and housing income is considered to be major determinant. With sample data in a medium-sized city of Korea, this study investigates causal relationship among parametric variables utilizing path analysis. We find that the quality of job for the households leads to income of the sample data analyzed.