Income Inequality and Housing Affordability Crisis in Hong Kong

Economic
2018

Table of Contents
1. Introduction.............................................................................................................................3
2. Economic concepts and models..........................................................................................3
2.1 Income inequality: Gini coefficient and Lorenz Curve..................................................3
3. Application of economic concepts and models.................................................................4
3.1 Causes of income inequality.............................................................................................5
3.2 Implications of income inequality.....................................................................................6
4. Policies implemented to reduce income inequality..........................................................7
4.1 Intro of Minimum wages to HKD34.50/hr by gov’t.............................................................7
4.2 Housing price in HK...............................................................................................................7
- How many public housing are available & how many families are on waiting list (any
statistics? And data?)...................................................................................................................7
- How long is the general waiting time to receive the flat?................................................7
- Any subsidy for low and medium income families?..........................................................7
5. Conclusion..............................................................................................................................8
Highlight key points of argument in the essay..........................................................................8
6. References..............................................................................................................................9
7. News Article..........................................................................................................................10
HOUSING DISCONTENT..............................................................................................................11