Abstract
This paper compares household welfare inequality before and after the outbreak of COVID-19 in South Korea. We use the 17th and the 23rd Korea Labor and Income Panel Study (KLIPS) data to measure the household welfare in each income qunitile with consumption, leisure, and life expectancy. The results show that the welfare inequality measured by consumption-equivalent welfare has been aggravated after the outbreak the households in the first to the fourth quintile compared to the household in the fifth. This is not just because the fifth quintile has been better off but also because the fifth enjoyed more leisure even during the pandemic. We discuss the policy implication drawn by the results of this study in the conclusion.
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