The Dynamics of Public Opinion towards Inequality in Malaysia

Sharon Goh, Grace Lee and Eduard Bomhoff

No 02-16, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: Globally income inequality is on the rise. With growing income inequality, market outcomes are no longer Pareto efficient as it is benefiting only a small group of individuals. Working with the World Values Survey data, this paper aims to provide an additional perspective on income inequality in Malaysia. We find evidence that individuals’ underlying beliefs, ideologies and education level are important determinants of their attitudes toward income distribution. In addition, the paper concludes that individuals’ preference for income distribution is significantly shaped by the experiences and economic condition in their local communities. States that are poorer and more ethnically diverse prefer more equal income.

Keywords: The New Economic Policy; income inequality; beliefs; preferences; redistribution; World Values Survey (search for similar items in EconPapers)
Pages: 40 pages
Date: 2016-01
New Economics Papers: this item is included in nep-pol and nep-sea
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Citations: View citations in EconPapers (3)

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Journal Article: The dynamics of public opinion towards inequality in Malaysia (2016)
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