Income and Wealth Inequality in Hong Kong, 1981–2020: The Rise of Pluto-Communism?

Abstract The objective of this paper is to better understand the evolution and institutional roots Hong Kong's growing economic inequality political cleavages. By combining multiple sources data (household surveys, fiscal data, wealth rankings, national accounts) methodological innovations, two main findings are obtained. First, he evidence suggests a very large rise in income Kong over last four decades. Second, based on latest opinion poll business elites, who carry disproportionate weight Legislative Council, found be more likely vote for pro-establishment camp (presumably ensure that policies passed protect their interests). This argues unique alliance government elites partially democratic system plausible root rising