Fleshing Out the Olive? On Income Polarization in China /
In a rare example of an explicit national goal for income distribution besides reducing poverty, China's leadership has recently committed to expanding the middle-income share--moving to a less polarized "olive-shaped" distribution. Recognizing the potential trade-offs, the paper asks...
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- Elektronisch E-Book
- Sprache:
- Englisch
- Veröffentlicht:
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Cambridge, Mass.
National Bureau of Economic Research
2021.
- Zusammenfassung:
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In a rare example of an explicit national goal for income distribution besides reducing poverty, China's leadership has recently committed to expanding the middle-income share--moving to a less polarized "olive-shaped" distribution. Recognizing the potential trade-offs, the paper asks whether China's experience indicates that income-polarization was a by-product of past economic progress, including poverty reduction. The paper does not find robust time-series evidence of polarizing effects alongside either economic growth or population urbanization (including among those below the national median). There was strong co-movement between polarization and inequality. Larger urban-rural gaps in mean incomes are strongly polarizing in China.
- Umfang:
- 1 online resource: illustrations (black and white);
- Anmerkungen:
- October 2021.
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