GROWTH AND INEQUALITY IN SINGAPORE

Kong Weng Ho
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Kong Weng Ho: School of Business, SIM University, Singapore

Chapter 10 in Growth with Inequality:An International Comparison on Income Distribution, 2012, pp 191-206 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractWhile 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; Globalization and Liberation; Unequal Distribution; Income Disparity; Emerging Economies (search for similar items in EconPapers)
Date: 2012
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