2022
DOI: 10.1111/aepr.12399
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Income and Wealth Inequality in Asia and the Pacific: Trends, Causes, and Policy Remedies

Abstract: The Asia-Pacific region's rapid growth and poverty reduction in recent decades have been accompanied by rising income and wealth inequality. Technological progress, globalization, deregulation and market-oriented reform, and financialization have generated many new opportunities, but rewarded capital more than labor, benefited skilled workers more than the unskilled, widened spatial inequality, and produced a growing number of the superrich. For some countries, population aging has also contributed to rising i… Show more

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Cited by 15 publications
(15 citation statements)
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References 78 publications
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“…I agree with Zhuang (2022) in his summary assessments of the negative effects of income inequality. Zhuang (2022) includes a section on the inequality in China, so I would like to focus my comments on this section, and particularly on the working‐age households in China.…”
Section: 2012 2014 2016 2018supporting
confidence: 79%
See 1 more Smart Citation
“…I agree with Zhuang (2022) in his summary assessments of the negative effects of income inequality. Zhuang (2022) includes a section on the inequality in China, so I would like to focus my comments on this section, and particularly on the working‐age households in China.…”
Section: 2012 2014 2016 2018supporting
confidence: 79%
“…Zhuang (2022) discusses income inequality decade‐wise since the 1980s. I would like to list the biennial changes of income inequality since 2010.…”
Section: 2012 2014 2016 2018mentioning
confidence: 99%
“…Various international development agencies have commissioned reports, studies and policy papers on inequality to demystify widening inequality in Asia (ADB 2012; Kanbur et al 2014;Huang et al 2019;Lee & Choong, 2019). More recent studies include Zhuang (2022) and Kim (2022) who focus on a sub-set of Asian countries. However, available research on inequality often lacks consensus owing to differences in the choice of concepts, measurement and data source, resulting in conflicting conclusions.…”
Section: The Study Context and Backgroundmentioning
confidence: 99%
“…The first paper by Zhuang (2023) provides a broad overview of income and wealth inequality in Asia and the Pacific, with an extended discussion on China. The paper on Thailand by Kanchoochat (2023) highlights the institutional forces that shape inequality in the country.…”
mentioning
confidence: 99%