 | Richard Y C Wong |
Lecture Title: Understanding Inequality and Intergenerational Mobility in Hong Kong
Synopsis:
Measured inequality has risen considerably in Hong Kong in the past twenty years. What explains it? Should we be worried about it? Why? Has intergenerational mobility been adversely impacted? New empirical research focusing on the role of schooling, labor force participation, public housing, divorce, and remarriage provide an intriguing interplay of micro factors to give a fascinating account of changing inequality and intergenerational mobility in Hong Kong. Placing these micro factors in the larger context of macroeconomic changes illuminates the real role played by globalization and China's opening in this process.
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