ABSTRACT
This conclusion presents some closing thoughts of key concepts discussed in the preceding chapters of this book. The book analyses the income distribution pattern in Singapore over a period of nearly 30 years and observed that income inequality in Singapore has increased continuously from 0.470 in 1984 to 0.529 in 2011. Labour Force Survey data from various years were used for our measure of income inequality. Income distribution in Singapore is mainly affected by policies relating to human capital formation and recruitment of foreign workers. The big contribution of within-educational group inequality is a result of an increase in population share in the high-earning groups and also due to income disparity in the same educational groups. One of the achievements of educational development is the increase in the female labour force participation rate; more women are now working in high-earning jobs. A selective migration policy and a lenient income tax system works adversely on income distribution.
