was the first attempt at measuring inequality in Malaysia by compiling and analysing data obtained from national accounts, surveys, and fiscal data.
from 0.51 in 1970 to 0.401 in 2014, yet calculations by Muhammed and Li Yang show that inequality is underestimated by about 20 per cent. Yet, much of that prosperity went to elite Bumiputeras who by 2014 formed a third of the country’s wealthiest households. “We conclude that in this period, Malaysia’s growth features an inclusive redistribution between income classes, but with a twist between racial groups,” it said.
Chinese wealthy adults, however, were less fortunate. The study found the share of income among the Chinese ultrarich contracted by -0.5 per cent, a finding that starkly differs from claims that this economically “dominant” minority group has continued to pile up wealth over the years.
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