Background paper: 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 addit...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2013
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/1458 https://search.library.smu.edu.sg/primo-explore/fulldisplay?docid=SMU_ALMA5176800590002601&context=L&vid=SMU_NUI&search_scope=Everything&tab=jsearch_slot&lang=en_US |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | 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. |
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