期刊
JOURNAL OF ECONOMIC LITERATURE
卷 59, 期 4, 页码 1191-1239出版社
AMER ECONOMIC ASSOC
DOI: 10.1257/jel.20201495
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资金
- Major Program of the National Social Science Fund of China [20ZD076]
- Key Program of the National Natural Science Foundation of China [72034006]
After successfully eliminating absolute poverty, China faces the challenge of addressing relative income inequality. Income inequality in China increased rapidly in the first three decades since 1978 but stabilized and slightly declined in the past decade, in line with the Kuznets hypothesis. The study also finds a negative correlation between income inequality and intergenerational mobility, consistent with the Great Gatsby curve observed in developed countries.
After China's recent great success in eliminating absolute poverty, addressing relative income inequality becomes a more important issue. This survey finds that income inequality rapidly increased in the first three decades since 1978 but stabilized and slightly declined in the past decade, consistent with the well-known Kuznets hypothesis. In addition to documenting the trend and patterns over time and across groups and regions, seven sources of income inequality are systematically discussed with an effort to reconcile and extend the existing literature. Furthermore, a negative correlation is documented between income inequality and intergenerational mobility, consistent with the Great Gatsby curve observed in developed countries.
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