I tried to figure out possible causes of the grim facts.
Among some seemingly suicide-related sad statistics, I found one statistically meaningful evidence.
It is the "wage dispersion" in the country. Wage dispersion is the ratio of the wages of the 10% best-paid workers to those of the 10% least-paid workers.
As you can see from the figure below, the wage dispersion has been increasing over the 15 years' span from 1994 to 2008.
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It is highly correlated with South Korea's suicide rates. In a simple linear regression, the square of the correlation coefficient between the two variables was 0.8648.
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Then, what is causing the ever-increasing wage dispersion in South Korea? I'll find the answer when I'm free of some duties.
Data sources:
Statistics Korea. (2011). Annual Report on the Cause of Death Statistics. [Data from http://j.mp/Cause_of_Death]
OECD. (2011). Divided We Stand: Why Inequality Keeps Rising. Paris, France: OECD Publishing. [Full-text from http://dx.doi.org/10.1787/9789264119536-en]
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