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Books > Business & Economics > Economics > Labour economics
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Widening Income Distribution in Post-Handover Hong Kong (Paperback)
Loot Price: R1,412
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Widening Income Distribution in Post-Handover Hong Kong (Paperback)
Expected to ship within 12 - 17 working days
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Before the handover to China in 1997, Hong Kong's economic growth
was very strong and the unemployment rate dropped to a record low
of 2.2 per cent. In recent years, the widening income dispersion in
Hong Kong has caught public attention. This book investigates the
economic development and changes in income distribution of Hong
Kong from different perspectives. Based on latest empirical
evidence of Hong Kong, the book examines the relationship between
economic restructuring and rising income disparity. Public housing
programmes in Hong Kong affect half of the population directly and
the other half indirectly. This book assesses the redistributive
effect of public rental housing on income distribution. Moreover,
Hong Kong embarked an ambitious expansion programme of tertiary
education in 1989. The expansion represents an exogenous increase
in the supply of university graduates and the book evaluates the
impact on income distribution. It also investigates the income
dispersion among and between natives and immigrants. Researchers,
politicians and policy makers should be interested to learn about
the causes of rising income dispersion in post-handover Hong Kong
uncovered in this book. Although economic restructuring is named as
the prime suspect that caused rising income inequality, the
empirical evidence proves otherwise. The book will be of interest
to policy makers with implications on social security system and
income disparity.
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