Inequality in China – Trends, Drivers and Policy Remedies

Inequality in China – Trends, Drivers and Policy Remedies
Author: Ms.Sonali Jain-Chandra
Publisher: International Monetary Fund
Total Pages: 31
Release: 2018-06-05
Genre: Business & Economics
ISBN: 1484357531

China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty. However, income inequality increased sharply from the early 1980s and rendered China among the most unequal countries in the world. This trend has started to reverse as China has experienced a modest decline in inequality since 2008. This paper identifies various drivers behind these trends – including structural changes such as urbanization and aging and, more recently, policy initiatives to combat it. It finds that policies will need to play an important role in curbing inequality in the future, as projected structural trends will put further strain on equity considerations. In particular, fiscal policy reforms have the potential to enhance inclusiveness and equity, both on the tax and expenditure side.

Causes and Consequences of Income Inequality

Causes and Consequences of Income Inequality
Author: Ms.Era Dabla-Norris
Publisher: International Monetary Fund
Total Pages: 39
Release: 2015-06-15
Genre: Business & Economics
ISBN: 1513547437

This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.

Invisible China

Invisible China
Author: Scott Rozelle
Publisher: University of Chicago Press
Total Pages: 242
Release: 2020-09-29
Genre: Business & Economics
ISBN: 022674051X

A study of how China’s changing economy may leave its rural communities in the dust and launch a political and economic disaster. As the glittering skyline in Shanghai seemingly attests, China has quickly transformed itself from a place of stark poverty into a modern, urban, technologically savvy economic powerhouse. But as Scott Rozelle and Natalie Hell show in Invisible China, the truth is much more complicated and might be a serious cause for concern. China’s growth has relied heavily on unskilled labor. Most of the workers who have fueled the country’s rise come from rural villages and have never been to high school. While this national growth strategy has been effective for three decades, the unskilled wage rate is finally rising, inducing companies inside China to automate at an unprecedented rate and triggering an exodus of companies seeking cheaper labor in other countries. Ten years ago, almost every product for sale in an American Walmart was made in China. Today, that is no longer the case. With the changing demand for labor, China seems to have no good back-up plan. For all of its investment in physical infrastructure, for decades China failed to invest enough in its people. Recent progress may come too late. Drawing on extensive surveys on the ground in China, Rozelle and Hell reveal that while China may be the second-largest economy in the world, its labor force has one of the lowest levels of education of any comparable country. Over half of China’s population—as well as a vast majority of its children—are from rural areas. Their low levels of basic education may leave many unable to find work in the formal workplace as China’s economy changes and manufacturing jobs move elsewhere. In Invisible China, Rozelle and Hell speak not only to an urgent humanitarian concern but also a potential economic crisis that could upend economies and foreign relations around the globe. If too many are left structurally unemployable, the implications both inside and outside of China could be serious. Understanding the situation in China today is essential if we are to avoid a potential crisis of international proportions. This book is an urgent and timely call to action that should be read by economists, policymakers, the business community, and general readers alike. Praise for Invisible China “Stunningly researched.” —TheEconomist, Best Books of the Year (UK) “Invisible China sounds a wake-up call.” —The Strategist “Not to be missed.” —Times Literary Supplement (UK) “[Invisible China] provides an extensive coverage of problems for China in the sphere of human capital development . . . the book is rich in content and is not constrained only to China, but provides important parallels with past and present developments in other countries.” —Journal of Chinese Political Science

Rising Inequality in China

Rising Inequality in China
Author: Shi Li
Publisher: Cambridge University Press
Total Pages: 531
Release: 2013-10-31
Genre: Business & Economics
ISBN: 1107002915

This book examines the evolution of economic inequality in China from 2002 to 2007; a sequel to Inequality and Public Policy in China (2008).

The Distribution of Wealth in Rural China

The Distribution of Wealth in Rural China
Author: Terry McKinley
Publisher: Routledge
Total Pages: 240
Release: 2016-09-16
Genre: Business & Economics
ISBN: 1315481715

Based on an analysis of a 1988 nationwide sample survey of 10,258 households, this book aims to offer insights into issues of rural inequality in China. The work focuses on the study of wealth rather than income as the primary measure.

Myth of the Social Volcano

Myth of the Social Volcano
Author: Martin Whyte
Publisher: Stanford University Press
Total Pages: 266
Release: 2010-02-24
Genre: Social Science
ISBN: 0804769419

This book reports the results of the first systematic nationwide survey in China of the attitudes that ordinary Chinese citizens have toward increased inequalities generated by the market reform program launched in 1978.

Earthbound China

Earthbound China
Author: Chih-I Chang
Publisher: Routledge
Total Pages: 332
Release: 2013-10-15
Genre: Social Science
ISBN: 1134553587

This is volume III of six in a series on the Sociology of East Asia. Originally published in 1949, Study of Rural Economy in Yunnan.

Changing Trends in China's Inequality

Changing Trends in China's Inequality
Author: Terry Sicular
Publisher:
Total Pages: 457
Release: 2020
Genre: Business & Economics
ISBN: 019007793X

Drawing on of household-level data from the China Household Income Project, Changing Trends in China's Inequality provides an independent, comprehensive, and empirically grounded study of the evolution of incomes and inequality in China over time.

Growth, Inequality, and Poverty in Rural China

Growth, Inequality, and Poverty in Rural China
Author: Shenggen Fan
Publisher: Intl Food Policy Res Inst
Total Pages: 90
Release: 2002-01-01
Genre: Business & Economics
ISBN: 0896291286

Growth, inequality, and poverty; Public capital e investment; Concptual framework and model; Data, estimation, and results.