In this ISG, Pierre van der Eng will discuss the evidence for changes in the distribution of individual wealth in Indonesia
Event details
Time: 8:30-10:00am WIB // 12:30-2:00pm AEDT
Join in-person: McDonald Room, Menzies Library, ANU
Join online: bit.ly/ISG_indonesiaproject
Abstract
What is the evidence for changes in the distribution of individual wealth in Indonesia? Many publications analysed trends in inequality in Indonesia based on the outcomes of the Susenas and IFLS household survey data, which are marred by significant underreporting in the high income and wealth brackets and therefore underestimate inequality. This paper analyses listings of Indonesia’s wealthiest. It concludes that the aggregated wealth of the richest in Indonesian society increased faster than economic growth since 2005, which suggests a significant increase in wealth inequality. It establishes that this concentration of wealth in Indonesia exceeds that of the 1930s by far. It also finds that Indonesia’s wealth inequality was until 2020 lower than in countries with very high Gini indices of income inequality, such as India and China, until it started to exceed the levels of wealth inequality in those countries.”
Closed captioning will be available for all online Zoom presentations. If you are attending in person and require accessibility accommodations or a visitor Personal Emergency Evacuation Plan (PEEP), please contact the ANU Indonesia Project at Indonesia.Project@anu.edu.au
Event Speakers
Pierre van der Eng
Pierre van der Eng is Associate Professor and Reader in International Business and Business History at ANU Research School of Management. His areas of research specialisation include international business and the business and economic history of Indonesia.