Josephine Teo: Singapore's Gini coefficient is high because we are a global city

[Ah_ZhaN]

Originally Posted by Ah_ZhaN

I'm not the one who's posting articles of such. And I do not want to remain political apathetic either. Would you?

*Not the ONLY one.

[aromatix]

Originally Posted by dave6238

Yeh... gers who like to point finger is no good... ha
.

walau this is the 21st century liao ...
or u prefer the ger to use her finger up where the sun don't shine si bo?

[globalcookie]

2. GINI coefficient decreased.

The GINI coefficient stood at 0.463 in 2013 in Singapore before taxes and transfers, and 0.412 after taxes and transfers. However, Singapore calculates the GINI coefficient based on household income from work per household member, unlike OECD which uses a “square root scale” to take into account the fact that households may enjoy certain economies of scale because they can share the income between the members of the household. By any measure, Singapore does have one of the worst income inequalities in the group of economically developed OECD countries. Singapore’s GINI coefficient was the highest in 2012. It went down in 2013.

Since the 2013 figures for other countries are not widely available, we will compare 2012 figures. Doing so will still give us a general idea of how income distribution in Singapore stacks up against the other countries.

In 2012, according to OECD, Singapore had the highest GINI coefficient among OECD countries at 0.414, with the United States second at 0.378, and Denmark the most equal at 0.248. However, the report indicates that government schemes have increased redistribution of income. This is the reason why we are witnessing a decrease in Singapore’s GINI coefficient in 2013.

http://www.salary.sg/

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I need to read a little to understand what GINI and income coefficient is.

[globalcookie]

There is a feature to 'check' your income as compared to your peers...
http://www.salary.sg/2014/benchmark-...e-gender-2014/

[nutx]

GINI coefficient

is a number......

a number is only as good as the assumptions, and data cleansing.

The theory is Sound. (tested and proved by history and statisticians)
But what number or parameter to use is an Art.

[hkh]

Originally Posted by nutx

GINI coefficient

is a number......

a number is only as good as the assumptions, and data cleansing.

The theory is Sound. (tested and proved by history and statisticians)
But what number or parameter to use is an Art.

Yes.......and they are masters in the art of wayang.........

[Aris]

Originally Posted by hkh

Yes.......and they are masters in the art of wayang.........

and legalees to appear everything they do is legit and they did not wrong. When opposition wards do some small fun fair in their own ward also cannot. Blow the matter up sky high, and blow it out of proportion.

[hkh]

Originally Posted by aris

and legalees to appear everything they do is legit and they did not wrong. When opposition wards do some small fun fair in their own ward also cannot. Blow the matter up sky high, and blow it out of proportion.

顺我者生，逆我者亡.......