The Increasing Inequality of Wealth in China. Knight, J., Li, S., & Wan, H. In Sicular, T., Li, S., & Yue, X., editors, Changing Trends in China's Inequality: Evidence, Analysis, and Prospects, 4. Oxford University Press, New York, 2020.
The Increasing Inequality of Wealth in China [link]Link  doi  abstract   bibtex   
The inequality of wealth in China has increased rapidly in recent years. Prior to 1978 all Chinese households possessed negligible wealth. China therefore presents a fascinating case study of how inequality of household wealth increases with economic reforms, marketization, and capital accumulation. Wealth inequality and its growth are measured and decomposed by using data from the CHIP 2002 and 2013 survey datasets. Techniques for estimating the top tail of the income distribution by using a Pareto approximation are applied to measure the sensitivity of wealth inequality to plausible assumptions about the underrepresentation of the wealthy and underreporting by the wealthy. The rising wealth inequality is explained in terms of the relationships between income and wealth, house price inflation, and differential savings.
@incollection{Knightetal2020,
  title = {The Increasing Inequality of Wealth in {{China}}},
  booktitle = {Changing Trends in {{China}}'s Inequality: Evidence, Analysis, and Prospects},
  author = {Knight, John and Li, Shi and Wan, Haiyuan},
  editor = {Sicular, Terry and Li, Shi and Yue, Ximing},
  year = {2020},
  publisher = {{Oxford University Press}},
  address = {{New York}},
  doi = {10.1093/oso/9780190077938.003.0004},
  url = {https://doi.org/10.1093/oso/9780190077938.003.0004},
  abstract = {The inequality of wealth in China has increased rapidly in recent years. Prior to 1978 all Chinese households possessed negligible wealth. China therefore presents a fascinating case study of how inequality of household wealth increases with economic reforms, marketization, and capital accumulation. Wealth inequality and its growth are measured and decomposed by using data from the CHIP 2002 and 2013 survey datasets. Techniques for estimating the top tail of the income distribution by using a Pareto approximation are applied to measure the sensitivity of wealth inequality to plausible assumptions about the underrepresentation of the wealthy and underreporting by the wealthy. The rising wealth inequality is explained in terms of the relationships between income and wealth, house price inflation, and differential savings.},
  isbn = {978-0-19-007793-8},
  keywords = {Determinants of Wealth and Wealth Inequality,Trends in Aggregate Wealth and Wealth Inequality},
  chapter = {4}
}

Downloads: 0