INEQUALITY SINGAPORE in Edited by Faizal Bin Yahya Institute of Policy Studies, Singapore EBSCO Publishing : eBook Collection (EBSCOhost) - printed on 1/10/2018 11:35 PM via NATIONAL LIBRARY BOARD AN: 942159 ; Yahya, Faizal.; Inequality In Singapore Account: s6879889 Published by World Scientiic Publishing Co. Pte. Ltd. 5 Toh Tuck Link, Singapore 596224 USA ofice: 27 Warren Street, Suite 401-402, Hackensack, NJ 07601 UK ofice: 57 Shelton Street, Covent Garden, London WC2H 9HE British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library. INEQUALITY IN SINGAPORE Copyright © 2015 by World Scientiic Publishing Co. Pte. Ltd. All rights reserved. This book, or parts thereof, may not be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording or any information storage and retrieval system now known or to be invented, without written permission from the publisher. For photocopying of material in this volume, please pay a copying fee through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA. In this case permission to photocopy is not required from the publisher. ISBN 978-981-4656-80-1 ISBN 978-981-4623-83-4 (pbk) In-house Editor: Sandhya Venkatesh Typeset by Stallion Press Email:
[email protected] Printed in Singapore EBSCO Publishing : eBook Collection (EBSCOhost) - printed on 1/10/2018 11:35 PM via NATIONAL LIBRARY BOARD AN: 942159 ; Yahya, Faizal.; Inequality In Singapore Account: s6879889 CONTENTS Chapter 1: Introduction Is Life Getting Better in Singapore?: Issues on Social Inequality Professor Paul Cheung 1 Chapter 2: Inclusive Growth Growing Inclusivity, Addressing Labor Market Shortfalls and Enhancing International Competitiveness Speaker: Associate Professor Tan Khee Giap Discussant: Mr Yeoh Lam Keong 13 Chapter 3: Education and Social Mobility Education and Intergenerational Mobility Speaker: Associate Professor Irene Ng Discussant: Associate Professor Tan Ern Ser 25 Chapter 4: Retirement Funding and Adequacy Retirement Funding Adequacy in Singapore Speaker: Associate Professor Hui Weng Tat Discussant: Mr Chan Beng Seng 51 v EBSCO Publishing : eBook Collection (EBSCOhost) - printed on 1/10/2018 11:35 PM via NATIONAL LIBRARY BOARD AN: 942159 ; Yahya, Faizal.; Inequality In Singapore Account: s6879889 vi Inequality in Singapore Chapter 5: Foreign Talent and Their Impact on the Singapore Economy Impact of Foreign Workers on Economic Growth of Singapore Economy Speaker: Associate Professor Shandre M Thangavelu Discussant: Ms Wong Su-Yen 77 Chapter 6: Health Care and Long-term Care Health and Long-term Care for the Aging Population in Singapore Speaker: Associate Professor Phua Kai Hong Discussant: Ms Lim Sia Hoe 111 Chapter 7: Housing Affordability Is Housing Still Affordable?: New Disaggregated Indicators Speaker: Associate Professor Lum Sau Kim and Ms Zhou Xuefeng Discussant: Mr Christopher Gee 133 About the Speakers 165 About the Discussants 171 Index 175 EBSCO Publishing : eBook Collection (EBSCOhost) - printed on 1/10/2018 11:35 PM via NATIONAL LIBRARY BOARD AN: 942159 ; Yahya, Faizal.; Inequality In Singapore Account: s6879889 CHAPTER 1 INTRODUCTION Is Life Getting Better in Singapore?: Issues on Social Inequality PROFESSOR PAUL CHEUNG Department of Social Work, National University of Singapore 1. IS LIFE GETTING BETTER IN SINGAPORE? Singapore poses an int