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Why Doesn't the Kuznets Curve on Income Distribution Hold in Ancient China?

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Author Info

  • Qichun He

    (Central University of Finance and Economics)

  • Heng-fu Zou

    (Development Research Group, World Bank
    Central University of Finance and Economics)

Abstract

We 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 Info

Paper provided by China Economics and Management Academy, Central University of Finance and Economics in its series CEMA Working Papers with number 576.

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Length: 11 pages
Date of creation: Nov 2013
Date of revision:
Handle: RePEc:cuf:wpaper:576

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Web page: http://cema.cufe.edu.cn/
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Related research

Keywords: Kuznets Curve; Income inequality; U shape; Ancient China;

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