Income growth, inequality and mobility are key issues of concern for many countries across the world.
- Real income growth provides an indication of how consumption and standards of living are improving;
- Income inequality examines the spread of incomes across a society;
- Intergenerational income mobility measures the extent to which individuals’ incomes and their standing in the income ladder differs from their parents’.
This paper reviews trends in income growth, inequality and mobility in Singapore, using data from the Department of Statistics (DOS), and puts them in international perspective.
Read our key findings here.
Read the Economic Society of Singapore SG50 Distinguished Lecture by DPM Tharman on Singapore's social policies