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Sharing the Growth Dividend Analysis of Inequality in Asia

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Tipul lucrării:

Date created:

06.03.2017
Volume: 
57 pages
Cuprins: 

I. Introduction ...............................................................................................................4
II. Literature Review .....................................................................................................5
III. Data Issues ..............................................................................................................7
IV. Stylized Facts ..........................................................................................................8

A. Evolution of Income Inequality in Asia ..........................................................................8
B. Inclusiveness of Growth in Asia ...................................................................................13
C. Inequality of Opportunities in Asia ...............................................................................14

 

V. Drivers of Inequality ....................................................................................................17
A. Empirical Framework ...................................................................................................17
B. Results .....................................................................................................................20
C. The Role of Labor Share .............................................................................................27

 

VI. Case Studies ...........................................................................................................29
A. Understanding Rising Inequalities in India and China .................................................29
B. What Explains Declining Inequality in Malaysia, Philippines, and Thailand? .............32

 

VII. Concluding Remarks and Policy Implications ......................................................34

Description: 

Rising inequality across the globe has attracted much attention from the public and policymakers alike. Until around 1990, Asia grew strongly and secured large gains in poverty reduction while at the same time achieved a fairly equitable society (Figure 1). A large part of this success owed to the “Miracle” countries—Hong Kong SAR, Korea, Singapore and Taiwan Province of China—where sustained rapid growth was accompanied by equitable income distributions.

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