Trends and Drivers of Income Inequality in the Philippines, Thailand, and Viet Nam: A Decomposition Analysis
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This paper examines the factors that have driven income inequality moderation in the Philippines, Thailand, and Viet Nam over the past 2 decades.
A decomposition of income inequality and its changes by income sources and household characteristics found that wage, nonfarm business income, and overseas remittance concentrations declined as less well-off households increasingly engaged in better-paying activities. Moderating income inequality might be the combined outcome of rising income opportunities, government policies promoting social inclusion, and positive impacts of structural transformation. Nonetheless, income inequality remains high, especially in the Philippines and Thailand. More policy efforts are still needed to make growth more inclusive.
Contents
- Introduction
- Data Sources and Definitions
- Methodology
- Results
- Conclusion
- Appendixes
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