Unequal Transition: The Widening Wealth Gap amidst China’s Rapid Growth
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Vincenzo Quadrini, 2000.
"Entrepreneurship, Saving and Social Mobility,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 3(1), pages 1-40, January.
- Vincenzo Quadrini, 1997. "Entrepreneurship, saving and social mobility," Discussion Paper / Institute for Empirical Macroeconomics 116, Federal Reserve Bank of Minneapolis.
- Chang-Tai Hsieh & Zheng (Michael) Song, 2015. "Grasp the Large, Let Go of the Small: The Transformation of the State Sector in China," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 50(1 (Spring), pages 295-366.
- Trevor Tombe & Xiaodong Zhu, 2019.
"Trade, Migration, and Productivity: A Quantitative Analysis of China,"
American Economic Review, American Economic Association, vol. 109(5), pages 1843-1872, May.
- Trevor Tombe & Xiaodong Zhu, 2015. "Trade, Migration and Productivity: A Quantitative Analysis of China," Working Papers tecipa-542, University of Toronto, Department of Economics.
- Thomas Piketty & Nancy Qian, 2009.
"Income Inequality and Progressive Income Taxation in China and India, 1986-2015,"
American Economic Journal: Applied Economics, American Economic Association, vol. 1(2), pages 53-63, April.
- Piketty, Thomas & Qian, Nancy, 2006. "Income Inequality and Progressive Income Taxation in China and India, 1986-2015," CEPR Discussion Papers 5703, C.E.P.R. Discussion Papers.
- Thomas Piketty & Nancy Qian, 2009. "Income Inequality and Progressive Income Taxation in China and India, 1986-2015," PSE-Ecole d'économie de Paris (Postprint) halshs-00754381, HAL.
- Thomas Piketty & Nancy Qian, 2009. "Income Inequality and Progressive Income Taxation in China and India, 1986-2015," Post-Print halshs-00754381, HAL.
- S. Rao Aiyagari, 1994.
"Uninsured Idiosyncratic Risk and Aggregate Saving,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 109(3), pages 659-684.
- S. Rao Aiyagari, 1993. "Uninsured idiosyncratic risk and aggregate saving," Working Papers 502, Federal Reserve Bank of Minneapolis.
- Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2011.
"Finance and Development: A Tale of Two Sectors,"
American Economic Review, American Economic Association, vol. 101(5), pages 1964-2002, August.
- Yongseok Shin & Joe Kaboski & Francisco J. Buera, 2008. "Finance and Development: A Tale of Two Sectors," 2008 Meeting Papers 955, Society for Economic Dynamics.
- Francisco J. Buera & Joseph Kaboski & Yongseok Shin, 2009. "Finance and Development: A Tale of Two Sectors," NBER Working Papers 14914, National Bureau of Economic Research, Inc.
- Junsen Zhang, 2021. "A Survey on Income Inequality in China," Journal of Economic Literature, American Economic Association, vol. 59(4), pages 1191-1239, December.
- Chang-Tai Hsieh & Zheng (Michael) Song, 2015. "Grasp the Large, Let Go of the Small: The Transformation of the State Sector in China," NBER Working Papers 21006, National Bureau of Economic Research, Inc.
- Chang-Tai Hsieh & Zheng (Michael) Song, 2015. "Grasp the Large, Let Go of the Small: The Transformation of the State Sector in China," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 46(1 (Spring), pages 295-366.
- Kaymak, Barış & Poschke, Markus, 2016. "The evolution of wealth inequality over half a century: The role of taxes, transfers and technology," Journal of Monetary Economics, Elsevier, vol. 77(C), pages 1-25.
- Wu, Jing & Gyourko, Joseph & Deng, Yongheng, 2015. "Real estate collateral value and investment: The case of China," Journal of Urban Economics, Elsevier, vol. 86(C), pages 43-53.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ms. Yu Shi, 2018. "Sectoral Booms and Misallocation of Managerial Talent: Evidence from the Chinese Real Estate Boom," IMF Working Papers 2018/221, International Monetary Fund.
- Loren Brandt & Gueorgui Kambourov & Kjetil Storesletten, 2018.
"Barriers to Entry and Regional Economic Growth in China,"
Working Papers
tecipa-622, University of Toronto, Department of Economics.
- Storesletten, Kjetil & Brandt, Loren & Kambourov, Gueorgui, 2020. "Barriers to Entry and Regional Economic Growth in China," CEPR Discussion Papers 14965, C.E.P.R. Discussion Papers.
- Loren Brandt & Gueorgui Kambourov & Kjetil Storesletten, 2018. "Barriers to Entry and Regional Economic Growth in China," 2018 Meeting Papers 954, Society for Economic Dynamics.
- Loren Brandt & Gueorgui Kambourov & Kjetil Storesletten, 2020. "Barriers to Entry and Regional Economic Growth in China," Working Papers tecipa-652, University of Toronto, Department of Economics.
- Zheng Liu & Pengfei Wang & Zhiwei Xu, 2021.
"Interest Rate Liberalization and Capital Misallocations,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 13(2), pages 373-419, April.
- Zheng Liu & Pengfei Wang & Zhiwei Xu, 2019. "Interest-Rate Liberalization and Capital Misallocations," Working Paper Series 2017-15, Federal Reserve Bank of San Francisco.
- Kjetil Storesletten & Bo Zhao & Fabrizio Zilibotti, 2019.
"Business Cycle during Structural Change: Arthur Lewis' Theory from a Neoclassical Perspective,"
Cowles Foundation Discussion Papers
2191, Cowles Foundation for Research in Economics, Yale University.
- Michael D. König & Kjetil Storesletten & Zheng Song & Fabrizio Zilibotti, 2020. "Business Cycle during Structural Change: Arthur Lewis' Theory from a Neoclassical Perspective," Cowles Foundation Discussion Papers 2237, Cowles Foundation for Research in Economics, Yale University.
- Kjetil Storesletten & Bo Zhao & Fabrizio Zilibotti, 2019. "Business Cycle during Structural Change: Arthur Lewis' Theory from a Neoclassical Perspective," NBER Working Papers 26181, National Bureau of Economic Research, Inc.
- Daniel Berkowitz & Shuichiro Nishioka, "undated".
"The Growth of Firms, Markets and Rents: Evidence from China,"
Working Papers
24-01, Department of Economics, West Virginia University.
- Daniel Berkowitz & Shuichiro Nishioka, 2022. "The Growth of Firms, Markets and Rents: Evidence from China," Working Papers 22-05, Department of Economics, West Virginia University.
- Daniel Berkowitz, 2022. "The Growth of Firms, Markets and Rents: Evidence from China," Working Paper 7313, Department of Economics, University of Pittsburgh.
- Manu, Ana S. & McAdam, Peter & Willman, Alpo, 2022. "China’s great expansion: The role of factor substitution and technical progress," European Economic Review, Elsevier, vol. 141(C).
- Dai, Xiaoyong & Cheng, Liwei, 2019. "Aggregate productivity losses from factor misallocation across Chinese manufacturing firms," Economic Systems, Elsevier, vol. 43(1), pages 30-41.
- Harald Hau & Yi Huang & Gewei Wang, 2020.
"Firm Response to Competitive Shocks: Evidence from China’s Minimum Wage Policy,"
Review of Economic Studies, Oxford University Press, vol. 87(6), pages 2639-2671.
- Harald Hau & Yi Huang & Gewei Wang, 2016. "Firm Response to Competitive Shocks: Evidence from China’s Minimum Wage Policy," IHEID Working Papers 08-2016, Economics Section, The Graduate Institute of International Studies.
- Harald Hau & Yi Huang & Gewei Wang, 2016. "Firm Response to Competitive Shocks: Evidence from China’s Minimum Wage Policy," Swiss Finance Institute Research Paper Series 16-47, Swiss Finance Institute.
- Hau, Harald & Huang, Yi & Wang, Gewei, 2016. "Firm Response to Competitive Shocks: Evidence from China's Minimum Wage Policy," CEPR Discussion Papers 11429, C.E.P.R. Discussion Papers.
- Harald Hau & Yi Huang & Gewei Wang, 2017. "Firm Response to Competitive Shocks: Evidence from China's Minimum Wage Policy," CESifo Working Paper Series 6637, CESifo.
- He, Hui & Huang, Feng & Liu, Zheng & Zhu, Dongming, 2018. "Breaking the “iron rice bowl:” Evidence of precautionary savings from the chinese state-owned enterprises reform," Journal of Monetary Economics, Elsevier, vol. 94(C), pages 94-113.
- Wu, Mingqin & Yu, Linhui & Zhang, Junsen, 2023. "Road expansion, allocative efficiency, and pro-competitive effect of transport infrastructure: Evidence from China," Journal of Development Economics, Elsevier, vol. 162(C).
- Xiaole Qiao & Lin Song & Xiaomin Fan, 2022. "How do zombie firms affect innovation: from the perspective of credit resources distortion," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 36(1), pages 67-87, May.
- Pham, Hoang, 2023. "Trade reform, oligopsony, and labor market distortion: Theory and evidence," Journal of International Economics, Elsevier, vol. 144(C).
- Sang Yoon (Tim) Lee, 2019.
"Entrepreneurs, managers and inequality,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 42-67, April.
- Sang Yoon (Tim) Lee, 2019. "Online Appendix to "Entrepreneurs, managers and inequality"," Online Appendices 18-331, Review of Economic Dynamics.
- Feld, Lars P. & Schmidt, Christoph M. & Schnabel, Isabel & Truger, Achim & Wieland, Volker, 2019. "Den Strukturwandel meistern. Jahresgutachten 2019/20 [Dealing with Structural Change. Annual Report 2019/20]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201920.
- Sang Yoon (Tim) Lee, 2019.
"Entrepreneurs, managers and inequality,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 42-67, April.
- Lee, Sang Yoon Tim, 2012. "Entrepreneurs, Managers and Inequality," Working Papers 12-15, University of Mannheim, Department of Economics.
- Gu, Shijun & Jia, Chengcheng, 2022. "Firm dynamics and SOE transformation during China’s Economic Reform," Journal of International Money and Finance, Elsevier, vol. 127(C).
- Storesletten, Kjetil & Koenig, Michael & Song, Zheng & Zilibotti, Fabrizio, 2020.
"From Imitation to Innovation: Where Is all that Chinese R&D Going?,"
CEPR Discussion Papers
14966, C.E.P.R. Discussion Papers.
- Michael König & Zheng Michael Song & Kjetil Storesletten & Fabrizio Zilibotti, 2020. "From Imitation to Innovation: Where Is all that Chinese R&D Going?," NBER Working Papers 27404, National Bureau of Economic Research, Inc.
- Ge, Jinfeng & Yuan, Yangzhou, 2022. "Bubble into reallocation: How bubbles improve capital allocation in China," China Economic Review, Elsevier, vol. 75(C).
- Michael König & Kjetil Storesletten & Zheng Song & Fabrizio Zilibotti, 2022. "From Imitation to Innovation: Where Is All That Chinese R&D Going?," Econometrica, Econometric Society, vol. 90(4), pages 1615-1654, July.
- Andreas Fagereng & Luigi Guiso & Davide Malacrino & Luigi Pistaferri, 2020.
"Heterogeneity and Persistence in Returns to Wealth,"
Econometrica, Econometric Society, vol. 88(1), pages 115-170, January.
- Andreas Fagereng & Luigi Guiso & Davide Malacrino & Luigi Pistaferri, 2016. "Heterogeneity and Persistence in Returns to Wealth," EIEF Working Papers Series 1615, Einaudi Institute for Economics and Finance (EIEF), revised Nov 2016.
- Andreas Fagereng & Luigi Guiso & Luigi Pistaferri & Davide Malacrino, 2019. "Heterogeneity and persistence in returns to wealth," Discussion Papers 912, Statistics Norway, Research Department.
- Andreas Fagereng & Luigi Guiso & Mr. Davide Malacrino & Luigi Pistaferri, 2018. "Heterogeneity and Persistence in Returns to Wealth," IMF Working Papers 2018/171, International Monetary Fund.
- Andreas Fagereng & Luigi Guiso & Davide Malacrino & Luigi Pistaferri, 2018. "Heterogeneity and Persistence in Returns to Wealth," CESifo Working Paper Series 7107, CESifo.
- Guiso, Luigi & Pistaferri, Luigi & Fagereng, Andreas & Malacrino, Davide, 2016. "Heterogeneity and Persistence in Returns to Wealth," CEPR Discussion Papers 11635, C.E.P.R. Discussion Papers.
- Andreas Fagereng & Luigi Guiso & Davide Malacrino & Luigi Pistaferri, 2016. "Heterogeneity and Persistence in Returns to Wealth," NBER Working Papers 22822, National Bureau of Economic Research, Inc.
More about this item
Keywords
Wealth inequality; Capital accumulation; Entrepreneurship; Housing; Migration;All these keywords.
JEL classification:
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CNA-2023-07-17 (China)
- NEP-DGE-2023-07-17 (Dynamic General Equilibrium)
- NEP-ENT-2023-07-17 (Entrepreneurship)
- NEP-FDG-2023-07-17 (Financial Development and Growth)
- NEP-URE-2023-07-17 (Urban and Real Estate Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qmw:qmwecw:955. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nicholas Owen (email available below). General contact details of provider: https://edirc.repec.org/data/deqmwuk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.