Why Doesn't the Kuznets Curve on Income Distribution Hold in Ancient China?
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.
|Date of creation:||Nov 2013|
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|Contact details of provider:|| Web page: http://cema.cufe.edu.cn/|
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