Friday, October 24, 2014

Unravelling Financial Inequality

NST 25/10/2014 Unravelling Financial Inequality

BY RASHID YUSOF - 25 OCTOBER 2014 @ 8:07 AMlink here

ZULHISYAM, a medical doctor with a private practice in Durian Tunggal; Idris Arin, a semi-retired sea captain with two voyages this year; Kamaluddin, an architect fascinated with timber homes; and Aziz Arshad, who is in business and lives in the vicinity of the famed Sungai Dua prawn noodles on mainland Penang, delivered in unison an assignment to this reporter — “Do get us signed copies of The Colour of Inequality: Ethnicity, Class, Income and Wealth in Malaysia by Muhammed Abdul Khalid.”
This was how the slightly dishevelled 38-year-old think-tanker bantering cheerfully with the photographer, found himself being subjected to rigorous questioning on the premise and extrapolations of a book that has sold 2,000 copies in the first month, a bestseller by Malaysian standards.

Seminar : Has inequality in Malaysia really gone down?

The Department of Development Studies
& Centre for Poverty and Development Studies
University of Malaya, Kuala Lumpur


has inequality in Malaysia really gone down?

Lee Hwok Aun
University of Malaya
Muhammed Abdul Khalid
Khazanah Research Institute
    5 November 2014
    3:00 – 4:30pm

  Conference Room (3rd Floor)
  Postgraduate Building (Block H12)
  Faculty of Economics & Administration
  University of Malaya

This paper investigates economic inequality in Malaysia, which poses a puzzle in recent years. While official figures indicate declining household income inequality in the past decade, public discourse and popular perception maintain that inequality has risen, or at least stayed persistently high. Surveying public and policy discourses on inequality, we observe that perceptions of rising inequality plausibly derive from concerns over cost of living and economic exclusion, and discontent toward wealth accumulation by the upper classes. Due to inaccessibility of the Household Income Survey (HIS), the database for official inequality estimates, we assemble data from a range of sources besides the HIS to compute earnings and wealth inequality patterns over time. We obtain evidence of steadily rising earnings inequality in both private and public sectors in the 2000s. Private sector wage inequality has grown, especially at the uppermost segments, while the ranks of managers and professionals have expanded disproportionately faster in the public sector. Passenger vehicle sales data show increasing proportions of luxury cars. Property sales also show rising concentration in the upper rungs. Distribution in the largest unit trust funds offer glimpses at financial wealth, and show varying trends depending on individual funds, and particularly their maturity. Inequality tends to grow over time, but increases in inequality are driven not by concentration in the top decile, but increasing shares of the second highest decile. Overall, our findings are consistent with general perceptions of rising personal inequality, while also highlighting how inequality is multi-faceted. Discrepancies with the officially estimated fall in inequality need not impugn the validity of either data source, but urge critical evaluation of the HIS.


Tuesday, October 7, 2014


Utusan Malaysia 8 Oct 2014 
link here

Dr. Muhammed dan The Colour of Inequality

Oleh Zaini Hassan

SAYA mengenali Dr. Muhammed Abdul Khalid semasa beliau menjadi penyelidik di ISIS beberapa tahun lalu.
Beliau juga adalah pengikut setia kolum ini. Dan saya turut mendapat banyak input daripada beliau dalam hal-hal berkaitan sosial, ekonomi dan politik.

Baru-baru ini, beliau telah menerbitkan sebuah buku, yang antara rakan-rakannya ternanti-nantikan. Saya diminta beliau mengulas bukunya.

Friday, October 3, 2014

Coloured discourse on inequality in Malaysia

TMI: Coloured discourse on inequality in Malaysia

"The inequality discourse in Malaysia has just left the ivory tower and gone mainstream"