Income Disparity Hong Kong

For 25 consecutive years hong kong has remained the world s freest economy thanks partly to low taxes and the rule of law.

Income disparity hong kong. B the economic restructuring of hong kong has also led to a rising proportion of high income workers chart 3. Normally a gini coefficient below 0 2 indicates equitable income distribution 0 20 3 fairly equitable 0 4 the international inequality. In the last few months various organizations have released studies on poverty and income inequality in hong kong. Among the reports one published jointly by the hong kong council of social service hkcss and oxfam hong kong in.

But widening inequality has also fueled the worst unrest the city has. Hong kong the source for global inequality data. These studies have aroused public concern. Income inequality 6 income inequality.

The income disparity of the majority of the households. Open access high quality wealth and income inequality data developed by an international academic consortium. In the past income disparity among farmers or labourers in agrarian or lower skilled industrial community was generally less visible. Poverty and income disparity in hong kong.

Is gender pay inequality a problem in hong kong. As a consequence the income disparity between high income and low income jobs has widened. Total income in hong kong. Hong kong s gini coefficient compared with other economies.

Men and women in the city clearly earn different levels of income but whether that is something to be fixed is where opinions vary. Ten years later the income share of the lowest decile. On the contrary the percentage share of the highest decile group was 41 1. The gini coefficient a measure of income disparity was at 0 539 in 2016 up from 0 537 in 2011 the household income distribution report issued by hong kong census and statistics department has shown.

Hong kong s disparity between rich and poor is greatest in 45 years so what can be done. The gini coefficient compiled by the census and statistics department c sd in 2006 based on original income stood at 0 533.