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SOSC 103D Social Inequality in HK Lecture 1: Hong Kong – Development and inequality.

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Presentation on theme: "SOSC 103D Social Inequality in HK Lecture 1: Hong Kong – Development and inequality."— Presentation transcript:

1 SOSC 103D Social Inequality in HK Lecture 1: Hong Kong – Development and inequality

2 L1: 06.09.06 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: 0.525 (2001)

3 L1: 06.09.06 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.

4 L1: 06.09.06 Income Inequality (Cont’) Inequality by Gender: Income and Employment Inequality by Race and by Ethnic Origin New Immigrants in Hong Kong

5 L1: 06.09.06 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?

6 L1: 06.09.06 Trends in HK Income Inequality (cont’) Year 1971197619811986199119962001 Gini Coefficient 0.420.430.4510.4530.4760.5180.525

7 L1: 06.09.06 Trends in HK Income Inequality (cont’)

8 L1: 06.09.06 Suggested Readings: Zhao, X et al. (2004) "Income Inequalities under Economic Restructuring in HK," Asian Survey, 44 (3): 442-473 Lui, Hon-Kwong (1997) Income Inequality and Economic Development, Hong Kong: City University of Hong Kong Press, ch.1-3

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