Hong Kong has become the world’s most unequal society in terms of wealth distribution, a study has found, as the core drivers of income inequality in the city have shifted from wage disparities to capital concentration, reducing social mobility.
The findings of the study, which analysed the evolution of income and wealth inequality in the city between 1981 and 2021, were presented by Yang Li, a research fellow at the World Inequality Lab at the Paris School of Economics, during a seminar hosted…