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Growth And Inequality In Singapore

In: Growth with Inequality An International Comparison on Income Distribution

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  • Kong Weng Ho

    (School of Business, SIM University, Singapore)

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.

Suggested Citation

  • Kong Weng Ho, 2012. "Growth And Inequality In Singapore," World Scientific Book Chapters, in: Jinjun Xue (ed.), Growth with Inequality An International Comparison on Income Distribution, chapter 10, pages 191-206, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814401708_0010
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