Why Doesn't the Kuznets Curve on Income Distribution Hold in Ancient China?
AbstractWe find robust evidence that in ancient China that consists of many consecutive dynasties, within each dynasty, the inequality demonstrates a "U" shape (or a "spoon" shape to be more precise). Therefore, as inequality hits an upper bound, war happens and a new dynasty replaces the old one. The cycle repeats itself. A simple explanation has been offered. Policy implications have also been presented.
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Bibliographic InfoPaper provided by China Economics and Management Academy, Central University of Finance and Economics in its series CEMA Working Papers with number 576.
Length: 11 pages
Date of creation: Nov 2013
Date of revision:
Kuznets Curve; Income inequality; U shape; Ancient China;
Find related papers by JEL classification:
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
- N95 - Economic History - - Regional and Urban History - - - Asia including Middle East
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-12-06 (All new papers)
- NEP-MAC-2013-12-06 (Macroeconomics)
- NEP-PBE-2013-12-06 (Public Economics)
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