通货膨胀与互助会福利再分配——以宁海县南溪村互助会作为个案

Inflation and Welfare Redistribution of the Fraternity——A Case Study Based on a Fraternity of Lanxi Village in Ninghai County

以浙江省宁海县一个互助会作为个案,尝试分析通货膨胀率的波动对互助会福利再分配的影响。通货膨胀率的波动影响了会员的净收益,在一定范围内,随着通货膨胀率的上升,前期得会会员(一般是资金需求者)的净收益上升,后期得会会员(一般是资金富裕者)的净收益下降,因而互助会会员净收益的离差变小了。这说明互助会的财富再分配变得平均了,由于持有货币能产生直接效用,因此互助会的福利再分配也变得均匀些。

Based on the case of a fraternity in Ninghai County, Zhejiang Province, this paper analyzes how the fluctuations of inflation rate influence welfare redistribution on the fraternity. The fluctuations of inflation rate have influenced the net income of members at a certain extent： with the rise of inflation rate, the net income of early members （usually those in need of funds） will increase, while the net income of later members （generally those with rich funds） will decrease, and therefore the deviation of net income of members will become smaller. This shows that the wealth redistribution of the fraternity will become more average, and the welfare redistribution in the fraternity will also become more uniform as money holders can produce direct effects.