Malaysia Household Wealth Distribution: Current Evidence and Future Prospects
The paper studies the distribution and inequality of wealth among the household per capita in Malaysia, using the 2007 Malaysia’s Household Income Survey (HIS) data. Consistent with findings from other countries, the distribution of wealth is more skewed than that of income. The distribution of weal...
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| Format: | Article |
| Language: | English |
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UUM Press
2012-05-01
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| Series: | International Journal of Management Studies |
| Online Access: | https://www.scienceopen.com/document?vid=842ff581-031a-47de-b1ea-113566af303a |
| _version_ | 1829454951980466176 |
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| author | Muhammed Abdul Khalid |
| author_facet | Muhammed Abdul Khalid |
| author_sort | Muhammed Abdul Khalid |
| collection | DOAJ |
| description | The paper studies the distribution and inequality of wealth among the household per capita in Malaysia, using the 2007 Malaysia’s Household Income Survey (HIS) data. Consistent with findings from other countries, the distribution of wealth is more skewed than that of income. The distribution of wealth shows that the top 10% of Malaysian households per capita control 35% of the country’s wealth, while the bott om 40% own 8%. The decomposition of wealth shows that the Gini coefficient for savings is 0.98, while the figure for investment assets and real estate assets are 0.90 and 0.52 respectively. It is expected that wealth inequality will widen in the future due to several factors such as liberalization of the higher education policy and pro-rich tax treatment. Keywords: Inequality, Malaysia, wealth. |
| first_indexed | 2024-04-10T07:41:46Z |
| format | Article |
| id | doaj.art-012666f4796e47fe8c75aad07a7f1cfe |
| institution | Directory Open Access Journal |
| issn | 2232-1608 2180-2467 |
| language | English |
| last_indexed | 2024-04-10T07:41:46Z |
| publishDate | 2012-05-01 |
| publisher | UUM Press |
| record_format | Article |
| series | International Journal of Management Studies |
| spelling | doaj.art-012666f4796e47fe8c75aad07a7f1cfe2023-02-23T11:39:45ZengUUM PressInternational Journal of Management Studies2232-16082180-24672012-05-0110.32890/ijms.19.1.2012.10361Malaysia Household Wealth Distribution: Current Evidence and Future ProspectsMuhammed Abdul KhalidThe paper studies the distribution and inequality of wealth among the household per capita in Malaysia, using the 2007 Malaysia’s Household Income Survey (HIS) data. Consistent with findings from other countries, the distribution of wealth is more skewed than that of income. The distribution of wealth shows that the top 10% of Malaysian households per capita control 35% of the country’s wealth, while the bott om 40% own 8%. The decomposition of wealth shows that the Gini coefficient for savings is 0.98, while the figure for investment assets and real estate assets are 0.90 and 0.52 respectively. It is expected that wealth inequality will widen in the future due to several factors such as liberalization of the higher education policy and pro-rich tax treatment. Keywords: Inequality, Malaysia, wealth.https://www.scienceopen.com/document?vid=842ff581-031a-47de-b1ea-113566af303a |
| spellingShingle | Muhammed Abdul Khalid Malaysia Household Wealth Distribution: Current Evidence and Future Prospects International Journal of Management Studies |
| title | Malaysia Household Wealth Distribution: Current Evidence and Future Prospects |
| title_full | Malaysia Household Wealth Distribution: Current Evidence and Future Prospects |
| title_fullStr | Malaysia Household Wealth Distribution: Current Evidence and Future Prospects |
| title_full_unstemmed | Malaysia Household Wealth Distribution: Current Evidence and Future Prospects |
| title_short | Malaysia Household Wealth Distribution: Current Evidence and Future Prospects |
| title_sort | malaysia household wealth distribution current evidence and future prospects |
| url | https://www.scienceopen.com/document?vid=842ff581-031a-47de-b1ea-113566af303a |
| work_keys_str_mv | AT muhammedabdulkhalid malaysiahouseholdwealthdistributioncurrentevidenceandfutureprospects |