Title

Inequality and the need for a new social compact

Publication Type

Book Chapter

Publication Date

1-2013

Abstract

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.

Discipline

Asian Studies | Economic Policy | Economics | Income Distribution

Research Areas

Macroeconomics

Publication

Singapore Perspectives 2012: Singapore Inclusive, Bridging Divides

Editor

Kang Soon-Hock & Leong Chan-Hoong

First Page

125

Last Page

158

ISBN

9789814407861

Publisher

Institute of Policy Studies

City or Country

Singapore

Copyright Owner and License

Authors

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

http://worldcat.org/isbn/9789814407861