Measuring the Evolution of Korea's Material Living Standards 1980-2010

Abstract

Complete document available on OLIS in its original format This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.STD/DOC(2012)2 Unclassified English -Or. English STD/DOC(2012)2 2 OECD STATISTICS WORKING PAPER SERIESThe OECD Statistics Working Paper Series -managed by the OECD Statistics Directorate -is designed to make available in a timely fashion and to a wider readership selected studies prepared by OECD staff or by outside consultants working on OECD projects. The papers included are of a technical, methodological or statistical policy nature and relate to statistical work relevant to the Organisation.

Measuring the evolution of Korea’s material living standards 1980–2012

“…1 Real rates of return Note 'Market interest rate minus CPI %' = industrial finance debentures (1972)(1973)(1974)(1975)(1976)(1977)(1978)(1979)(1980)(1981)(1982)(1983)(1984)(1985) and Treasury bond rates (since 1986) minus the rate of change of the consumer price index 17 Changes in land value estimates are the most significant departure from Cho et al (2012). In previous work, land value estimates were based on the publicly appraised value of land which has been extrapolated backward with a rate of land price indexes, whereas in the current work land values reflect (approximately) market prices.…”