Inequality in China: Development, transition, and policy
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Inequality in China : Development, transition, and policy. / Li, Shi; Sicular, Terry; Tarp, Finn.
2018.Research output: Working paper › Research
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TY - UNPB
T1 - Inequality in China
T2 - Development, transition, and policy
AU - Li, Shi
AU - Sicular, Terry
AU - Tarp, Finn
PY - 2018/12
Y1 - 2018/12
N2 - In this paper we describe the major trends in China’s income inequality over the past 40 years and explain them as the outcome of four interleaved stories.The first story is a standard development story characterized by structural change, market development, labour absorption, and the Kuznets inverted-U path of inequality. The second is the economic transition story, in which changes in income distribution result from the shift from plan to market. Third is incomplete transition, with opportunities for rent-seeking, corruption, and hidden income. Fourth is the story of government efforts to moderate inequality through social and welfare policies.
AB - In this paper we describe the major trends in China’s income inequality over the past 40 years and explain them as the outcome of four interleaved stories.The first story is a standard development story characterized by structural change, market development, labour absorption, and the Kuznets inverted-U path of inequality. The second is the economic transition story, in which changes in income distribution result from the shift from plan to market. Third is incomplete transition, with opportunities for rent-seeking, corruption, and hidden income. Fourth is the story of government efforts to moderate inequality through social and welfare policies.
KW - Faculty of Social Sciences
KW - China
KW - inequality
KW - development
KW - transition
KW - welfare policy
M3 - Working paper
T3 - UNU WIDER Working Paper Series
BT - Inequality in China
ER -
ID: 213728984