Record Details

Household Wealth in Malaysia: Composition and Inequality among Ethnic Groups

Jurnal Ekonomi Malaysia

View Archive Info
 
 
Field Value
 
Title Household Wealth in Malaysia: Composition and Inequality among Ethnic Groups
 
Creator Abdul Khalid, Muhammed
 
Subject —
—
—
 
Description ABSTRACTThe paper studies the composition and inequality of wealth among the household per capita in Malaysia, using the2007 Malaysia’s Household Income Survey (HIS), focusing on the disparity among the ethnic groups. Real estate assets make up about 96% of wealth, while financial assets make up the rest. Consistent with findings with other countries, the distribution of wealth are more skewed than of income. The distribution of wealth shows that the top 10% of Malaysian households per capita control 35% of the country’s wealth, while the bottom 40% own 8%. The decomposition of wealth shows that the Gini coefficient for savings is 0.98, while the figure for investment asset and real estate assets are 0.90 and 0.52 respectively. The distribution and inequality of wealth is more prominent among the Indians, followed by the Bumiputera and the Chinese respectively. Intra-ethnic, it is the Indian that has the least of ownership in wealth at 23.7%, and within the Bumiputera group, the figure are 14.7% and the Chinese 10.5%.Keywords: Ethnic; inequality; Malaysia; wealth; BumiputeraABSTRAKKajian ini menyelidik pembahagian dan ketidaksamaan dalam bidang harta (wealth) di antara isi rumah, mengunakan data dari Household Income Survey 2007, dengan memberi tumpuan kepada jurang antara kaum. Kajian ini mendapati bahawa hartanah membentuk kira kira 96% daripada kesulurahan harta, manakala aset kewangan menyumbang 4%. Selaras dengan kajian antarabangsa, ketidaksamaan di dalam bidang harta adalah lebih tinggi daripada ketidaksamaan dalam pendapatan. Penagihan harta menunjukkan bahawa 10% teratas menguasai 35% daripada harta, manakala 40% tercorot mengusai hanya 8%. Penguraian harta menunjukkan bahawa pekala Gini untuk simpanan adalah 0.98, manakala bagi pelaburan dan hartanah adalah masing masing pada tahap 0.90 dan 0.52. Ketidaksamaan amat ketara di kalangan kaum India, diikuti kaum Bumiputera, dan kaum Cina.Kata-kunci : Etnik; ketidaksamaan; Malaysia; harta; Bumiputera
 
Publisher Universiti Kebangsaan Malaysia
 
Contributor —
 
Date 2012-10-24
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
—
 
Format application/pdf
 
Identifier http://ejournal.ukm.my/jem/article/view/1341
 
Source Jurnal Ekonomi Malaysia; Vol 45 (2011): Jurnal Ekonomi Malaysia
0126-1962
 
Language eng
 
Relation http://ejournal.ukm.my/jem/article/view/1341/1203
 
Coverage —
—
—