Income policy and income distribution in selected Asian countries: China, Singapore, Japan and Australia

Tatsuyuki Ota and Kiminari Tachiyama

Chapter 7 in Geopolitical Uncertainty and International Business, 2024, pp 113-134 from Edward Elgar Publishing

Abstract: The validity of the Kuznets hypothesis has often been controversial as income inequality has risen sharply in some countries and for certain time periods, which can largely be ascribable to economic and fiscal policies introduced in each respective country. The results of our experimental study of the impact of fiscal policies on income inequality in four Asian countries (advanced economies (AEs): Japan and Australia, and emerging economies (EEs): Singapore and China) show that the role of income tax and transfer payments in inequality reduction was greatest in the two AEs, whereas it was minimal in China, with Singapore falling in between. Overall, this suggests that fiscal policies have a greater effect on income inequality in advanced economies compared to emerging ones.

Keywords: Business and Management; Economics and Finance; Geography; Politics and Public Policy (search for similar items in EconPapers)
Date: 2024
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