SOSC 103D Social Inequality in HK Lecture 1: Hong Kong – Development and inequality
L1: Income Inequality in Hong Kong Per capita GDP: US$ 36,800 (year 2005) Median Household Income HK$ 18,704 (2001) The Gini Coefficient of Income Distribution: (2001)
L1: Income Inequality (cont’) The poorest 10% of households received less than 1% of the total income. The richest 10% of households received 41.2% of the total.
L1: Income Inequality (Cont’) Inequality by Gender: Income and Employment Inequality by Race and by Ethnic Origin New Immigrants in Hong Kong
L1: Trends in HK Income Inequality Relations between economic growth and income distribution Economic development –> increase in living standard (absolute) –> equality (relative) Hong Kong’s case?
L1: Trends in HK Income Inequality (cont’) Year Gini Coefficient
L1: Trends in HK Income Inequality (cont’)
L1: Suggested Readings: Zhao, X et al. (2004) "Income Inequalities under Economic Restructuring in HK," Asian Survey, 44 (3): Lui, Hon-Kwong (1997) Income Inequality and Economic Development, Hong Kong: City University of Hong Kong Press, ch.1-3