Inequality and the need for a new social compact
Income inequality in Singapore has risen significantly in the last decade. Whether measured by the Gini coefficient, or by the ratio of incomes between the top and bottom deciles, the evidence points to an incontrovertible fact: Singapore has become more unequal in the last ten years or so. In addition there are certain characteristics of inequality patterns in Singapore that make it especially worrying. First, the increase in income inequality has been accompanied by wage stagnation, and even real wage declines, for certain segments of the workforce.
Asian Studies | Economic Policy | Economics | Income Distribution
Singapore Perspectives 2012: Singapore Inclusive, Bridging Divides
Kang Soon-Hock & Leong Chan-Hoong
Institute of Policy Studies
City or Country
TAN, Kim Song.
Inequality and the need for a new social compact. (2013). Singapore Perspectives 2012: Singapore Inclusive, Bridging Divides. 125-158. Research Collection School Of Economics.
Available at: http://ink.library.smu.edu.sg/soe_research/1458
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