Relative Deprivation in China
AbstractRelative deprivation (RD), also known as relative poverty , an idea implicitly put forward by Adam Smith in The Wealth of Nations and formally conceptualized by Runciman (1966), refers to the discontent people feel when they compare their positions to others and realize that others in the group possess something that they do not have. RD is important to Chinese people as reflected in the traditional saying “it is better to be the head of a chicken than the tail of a phoenix”, indicating that taking a relatively good position benefits people in the Chinese society. RD is also a pressing issue for China after its three decade unprecedented economic growth accompanied by inequalities at historically high levels. This entry reviews key measures of RD and empirical findings for China. I also discuss some of the most pressing policy issues with regard to RD.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 48582.
Date of creation: 08 Jan 2013
Date of revision:
Relative Deprivation; Inequality; Poverty; China;
Find related papers by JEL classification:
- B4 - Schools of Economic Thought and Methodology - - Economic Methodology
- D1 - Microeconomics - - Household Behavior
- D3 - Microeconomics - - Distribution
- I1 - Health, Education, and Welfare - - Health
- I3 - Health, Education, and Welfare - - Welfare and Poverty
- O2 - Economic Development, Technological Change, and Growth - - Development Planning and Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-28 (All new papers)
- NEP-DEV-2013-07-28 (Development)
- NEP-LTV-2013-07-28 (Unemployment, Inequality & Poverty)
- NEP-TRA-2013-07-28 (Transition Economics)
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