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Lifetime Income and Housing Affordability in Singapore

Tilak AbeysingheJiaying Gu

出版	Singapore Centre for Applied and Policy Economics, Department of Economics, National University of Singapore, 2008
URL	http://books.google.com.hk/books?id=JbuvmAEACAAJ&hl=&source=gbs_api

註釋

Using data from the Singapore Department of Statistics the authors developed a methodology to compute the lifetime income of different birth cohorts. The lifetime income of each household was then divided into three quartiles. As income figures for the same household over time were unavailable, the authors came up with a regression model to extrapolate the missing figures. The results of their findings suggest not only a yawning real lifetime income inequality between households in the lowest and highest quartiles for cohorts born after 1975, but a fall in income for the former. Whereas the median group shows little signs of real income improvement after the Asian financial crisis.