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Sharing the Growth Dividend: Analysis of Inequality in Asia
Author:
Ms. Sonali Jain-Chandra
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,
Mr. Tidiane Kinda
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Ms. Kalpana Kochhar
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Shi Piao
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Johanna Schauer null

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Series:
IMF Working Papers
Volume/Issue:
Volume 2016: Issue 048
Language:
English
Publication Date:
04 Mar 2016
DOI:
https://doi.org/10.5089/9781513546544.001
ISBN:
9781513546544
ISSN:
1018-5941
Pages:
53
Keywords:
WP; income share; consumption share; countries effort; Inequality; Gini coefficient; Asia; inequality measure; IMF staff calculation; entrepreneurial activity; reducing income gap; poverty rate; per capita income; benefits capital income; net Gini in India; net Gini in Asia; Income inequality; Income distribution; Personal income; Labor share; Asia and Pacific; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper focusses on income inequality in Asia, its drivers and policies to combat it. It finds that income inequality has risen in most of Asia, in contrast to many regions. While in the past, rapid growth in Asia has come with equitable distribution of the gains, more recently fast-growing Asian economies have been unable to replicate the “growth with equity” miracle. There is a growing consensus that high levels of inequality can hamper the pace and sustainability of growth. The paper argues that policies could have a substantial effect on reversing the trend of rising inequality. It is imperative to address inequality of opportunities, in particular to broaden access to education, health, and financial services. Also fiscal policy could combat rising inequality, including by expanding and broadening the coverage of social spending, improving tax progressivity, and boosting compliance. Further efforts to promote financial inclusion, while maintaining financial stability, can help.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund