abstract: 'We analyze the main features of current personal income tax system in

  Japan and Korea. Both countries have progressive personal income tax

  schedules. Individual income tax rate in Japan exceeds average for Asian

  countries almost by 26\%, while Korean personal income tax rate exceeds

  average by 10\%. The calculated indices for the overall tax wedge and

  its components in Korea and Japan allowed us to determine that in Japan

  the progressivity of personal income tax rate and overall tax wedge are

  lower than OECD average, while in Korea these values are higher than

  OECD average, due to targeted provisions for low incomes in Korea. The

  regression analysis showed that in Japan only labor force participation

  rate influences on the labor productivity, while in Korea the latter is

  influenced additionally by labor freedom index, determining quality of

  labor market institutions. It can be explained by different trends,

  related to the digital transformation, specifics of the long-term

  employment and wage schedules, and by different levels of labor market

  inequality.'
affiliation: 'Belozyorov, S (Corresponding Author), St Petersburg State Univ, Lab
  Asian Econ Studies, St Petersburg, Russia.

  Belozyorov, Sergey, St Petersburg State Univ, Lab Asian Econ Studies, St Petersburg,
  Russia.'
author: Belozyorov, Sergey
author-email: beliksa@mail.ru
author_list:
- family: Belozyorov
  given: Sergey
booktitle: 'PROCEEDINGS OF THE 22ND INTERNATIONAL CONFERENCE CURRENT TRENDS IN

  PUBLIC SECTOR RESEARCH'
da: '2023-09-28'
editor: Dvorakova, P and Baisa, B
files: []
isbn: 978-80-210-8924-2
issn: 2336-1239
keywords: 'personal income tax; tax wedge; labor productivity; labor freedom index;

  progressivity'
language: English
note: '22nd International Conference on Current Trends in Public Sector

  Research, Slapanice, CZECH REPUBLIC, JAN 18-19, 2018'
number-of-cited-references: '16'
orcid-numbers: Belozerov, Sergei A/0000-0001-8711-2192
pages: 108-115
papis_id: 09fa050d5715c34b20f0d05c90df177b
ref: Belozyorov2018taxationlabor
researcherid-numbers: Belozerov, Sergei A/M-3601-2015
series: Current Trends in Public Sector Research
times-cited: '1'
title: 'Taxation of Labor Income in Japan and Republic of Korea: a Comparative Study'
type: Proceedings Paper
unique-id: WOS:000571708800013
usage-count-last-180-days: '0'
usage-count-since-2013: '1'
web-of-science-categories: Social Issues; Social Sciences, Interdisciplinary
year: '2018'