While the strategy of openness had earned Singapore rapid economic growth, upward social mobility, and possibly decreasing inequality in the early years of development, the more recent years has seen increasing inequality. With this inequality comes an underlying possibly diminished upward inter-generational mobility, due to skill-biased growth processes, skill-biased parental influence, liberalisation in the education industry, and structural changes in the society, which hurt the human capital accumulation of children in families under economic and intra-household stresses. In particular, paternal influence on educational aspirations and attainment is more pronounced than maternal influence. Non-Chinese and youths from disrupted families are worse off in both educational aspirations and educational attainment.
Asian Studies | Economics | Growth and Development
Crisis Management and Public Policy: Singapore’s Approach to Economic Resilience
Sng Hui Ying & Chia Wai Mun
City or Country
HO, Kong Weng.
Growth, Opportunity, and Inequality: Some Empirics from Singapore. (2011). Crisis Management and Public Policy: Singapore’s Approach to Economic Resilience. 161-178. Research Collection School Of Economics.
Available at: http://ink.library.smu.edu.sg/soe_research/1659
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