abstract: 'The Asia-Pacific region''s rapid growth and poverty reduction in recent

  decades have been accompanied by rising income and wealth inequality.

  Technological progress, globalization, deregulation and market-oriented

  reform, and financialization have generated many new opportunities, but

  rewarded capital more than labor, benefited skilled workers more than

  the unskilled, widened spatial inequality, and produced a growing number

  of the superrich. For some countries, population aging has also

  contributed to rising inequality. The present paper provides an update

  on recent trends of income and wealth inequality in the Asia-Pacific

  region, examines causes behind rising inequality, and discusses policy

  actions needed to tackle inequality. It also assesses how the COVID-19

  has likely worsened inequality in the region.'
affiliation: 'Zhuang, J (Corresponding Author), Fudan Univ, Fanhai Int Sch Finance,
  Shanghai, Peoples R China.

  Zhuang, Juzhong, Fudan Univ, Shanghai, Peoples R China.'
author: Zhuang, Juzhong
author-email: jzhuang1984@outlook.com
author_list:
- family: Zhuang
  given: Juzhong
da: '2023-09-28'
doi: 10.1111/aepr.12399
earlyaccessdate: JUL 2022
eissn: 1748-3131
files: []
issn: 1832-8105
journal: ASIAN ECONOMIC POLICY REVIEW
keywords: 'Asia; causes of rising inequality; China; income inequality; wealth

  inequality; D3; F6; J3; N3; O15; O33'
keywords-plus: 'BIASED TECHNOLOGICAL-CHANGE; WAGE INEQUALITY; DEVELOPING-COUNTRIES;

  TECHNICAL CHANGE; GROWTH; CHINA; FINANCIALIZATION; INVESTMENT;

  EMPLOYMENT; SKILLS'
language: English
month: JAN
number: '1'
number-of-cited-references: '106'
pages: 15-41
papis_id: 4587997f503e5bab553bfc90c2288643
ref: Zhuang2023incomewealth
times-cited: '0'
title: 'Income and Wealth Inequality in Asia and the Pacific: Trends, Causes, and
  Policy Remedies'
type: article
unique-id: WOS:000824119200001
usage-count-last-180-days: '9'
usage-count-since-2013: '14'
volume: '18'
web-of-science-categories: Economics
year: '2023'