Publication Type

Magazine Article

Version

acceptedVersion

Publication Date

10-2007

Abstract

Accompanying Singapore’s phenomenal economic growth over the past four decades has been a rapid increase in educational attainment over the years. In 1960, the mean years of schooling for residents aged 25 and over was 3.14 years; in 2006, it was 9.3 years. This dramatic increase in the supply of skilled labour in all sectors of the economy helped to power Singapore’s high growth rates over the past few decades of economic development, which also saw declining wage inequality and high upward intergenerational mobility in education. However, we need to ask if these trends will continue in the future and whether underlying socioeconomic and demographic changes may challenge or reverse the macroeconomic dynamics underlying Singapore’s past decades of growth.

Discipline

Asian Studies | Economics | Labor Economics

Research Areas

Macroeconomics

Publication

ETHOS

Issue

3

First Page

43

Last Page

47

ISSN

0218-799X

Publisher

Civil Service College Singapore

Copyright Owner and License

Authors

Additional URL

https://www.cscollege.gov.sg/knowledge/ethos/issue%203%20oct%202007/pages/wage-inequality-intergenerational-mobility-and-education-in-singapore.aspx

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