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The uncomfortable truths about inclusive growth in Singapore
The Ministry of Finance’s Occasional Paper provides food for thought on the way forward on social mobility, growth and redistribution.
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Singapore’s approach has delivered strong mobility outcomes so far. The challenge ahead lies in adapting it thoughtfully to new technological, demographic and global pressures.
ST PHOTO: LIM YAOHUI
Ho Kong Weng
The recent Ministry of Finance Occasional Paper on Income Growth, Inequality and Social Mobility Trends in Singapore
It shows inclusive growth in employment income, falling Gini coefficients for both employment and market income of households over the past decade and, for the first time, provides an estimate of Singapore’s wealth Gini coefficient
