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Full-Text Articles in Social and Behavioral Sciences
Upward Earnings Mobility On The Decline In Hong Kong? A Study Based On Census Data, Lok Sang Ho, Kai Wai Huang, Xiangdong Wei
Upward Earnings Mobility On The Decline In Hong Kong? A Study Based On Census Data, Lok Sang Ho, Kai Wai Huang, Xiangdong Wei
Centre for Public Policy Studies : CPPS Working Paper Series
This paper offers a new intuitive approach using census data to cast light on earnings mobility. We find that in Hong Kong upward mobility opportunities indeed fell for those born in the mid 70s and later, but that there has been a remarkable improvement for degree holders in recent years. Contrary to common belief, even though starting salaries had fallen, degree holders more or less maintained their relative advantage by age 31-35. Moreover, among degree holders, beginning in 2011 upward mobility showed an improvement for all cohorts at the higher income end though less so at the lower end. The …
Tax Reform : Toward A Simpler, More Pro-Growth Tax Regime, Lok Sang Ho
Tax Reform : Toward A Simpler, More Pro-Growth Tax Regime, Lok Sang Ho
Centre for Public Policy Studies : CPPS Working Paper Series
This paper proposes that tax reform should take the direction of focusing on economic rent as the tax base. Since personal incomes that are very high typically carries a large component of economic rent, even very high marginal tax rates may not have much adverse effect on effort provided that the tax bands are wide enough so that, say, 90% of the working population will enjoy very low marginal tax rates. From this perspective, the author proposes to abolish the profits tax altogether, but to treat dividends and capital gains (net of inflationary gains) the same as labor income.