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Hong Kong mobility is low compare to developing and developed countries

出自香港新聞網 - 樹仁新傳系學生實習習作

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By Gigi Sin 165108 Jan 29 2019

Compare to developing and developed countries, Hong Kong is fewer chances for youngsters to become a part of the upper class. It is related to a society’s plan including education, lands and housing, a senior researcher said.

“The government need to think how to improve the gap between rich and poor fundamentally,” Alvin Cheung said, a senior researcher of Our Hong Kong Foundation. He said the government put a billion dollars into education is not a significant development, is the point of solving the problem effectively.

According to the data by Organisation for Economic Co-operation and Development (OECD), the highest chance for citizens to mobile in a country is Denmark, which is between 0.8 to 0.9 (1 is the highest and 0 is the lowest.) and one of the lowest countries is Chile. China is 0.53 which is on average.

“Although there is no data of Hong Kong,” Cheung said at Hong Kong Shue Yan University, “It is worse than China as Hong Kong mobility is 0.58.” He said even calculated Hong Kong government have done some policies, including receive tax from the society and subsidy lower class after adjustment is 0.473. “It is still worse than China and low,” he said.

He said there is a group of people who are Inter-generational Earnings elasticity (IEE), it means if a rich dad is 100% richer than a poor dad, the rich dad’s son will be 42% richer than the poor dad’s son.

“The past generation background will affect the next generation in education and income,” Cheung said. The OECD data shows that Germany is a country which represents a strong relationship between the past generation and the next generation.

"It takes a long time for people to catch up the average income,” he said. According to OECD data, the best is Denmark which takes 50 years for a family to better their income. For China, it takes seven generations for a family to chase change their situation.

In addition, Cheung said the level of education for past generation has will affect the next generation. If the past generation had no university education, 43% of the next generation will be the same, just 10% people can get a university education.

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