Singapore’s Growth and Income Inequality
Publication Type
Book Chapter
Publication Date
7-2013
Abstract
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 saw increasing inequality and with it an underlying possibly diminished upward intergenerational mobility due to skill-biased growth processes, skill-biased parental influence, liberalization 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, the paternal influence on educational aspiration and attainment is more pronounced than the mother's. Non-Chinese and youths from disrupted families are worse off in both educational aspirations and educational attainment.
Keywords
Income distribution, Regional economic disparities, Asia, Singapore
Discipline
Asian Studies | Economics | Growth and Development | Income Distribution
Research Areas
Macroeconomics
Publication
Growth with Inequality: International Comparison of Income Distribution
Editor
Xue Jinjun
First Page
191
Last Page
206
ISBN
9789814401685
Publisher
World Scientific
City or Country
Singapore
Citation
HO, Kong Weng.
Singapore’s Growth and Income Inequality. (2013). Growth with Inequality: International Comparison of Income Distribution. 191-206.
Available at: https://ink.library.smu.edu.sg/soe_research/1671
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://worldcat.org/isbn/9789814401685