This paper discusses the evolution and characteristics of China's national income distribution structure after the dawn of the new century and particularly in China's new normal of social and economic developm...This paper discusses the evolution and characteristics of China's national income distribution structure after the dawn of the new century and particularly in China's new normal of social and economic development. This paper casts light on the profound national income distribution and redistribution effects of changing ownership and economic reforms, as well as the microscopic household income distribution effects of changes in macroscopic distribution structure. Based on an analysis of changes in macroscopic distribution pattern, this paper explains the structural contradictions of national income distribution in China and their effects on China's economy, providing a theoretical analysis of income distribution for deepening supply-side structural reform.展开更多
This paper investigates how national income distribution among the corporate, government, and household sectors has changed from 1992 to 2005 using the Flow of Funds Accounts adjusted after the National Economic Censu...This paper investigates how national income distribution among the corporate, government, and household sectors has changed from 1992 to 2005 using the Flow of Funds Accounts adjusted after the National Economic Census 2004. We analyze the changes in institutional distribution of national income from the primary and secondary distribution of national income, with a focus on explaining the fall in the household sector＇s share of the national income pie since 1996. To analyze the primary distribution of national income among institutional sectors, we formulate the share of each sector in primary national income as the weighted average of the product of factor income share using each sector＇s proportion of the different types of factor income as weights. With this formula, we adjust factor income shares in the Flow of Funds Account, re-compute the distribution of disposable income by institutional sector from 1993 to 2005, and extrapolate the distribution to 2006 and 2007. Our findings are： the share of the household sector in national disposable income reached its peak in 1996, and declined by over twelve percentage points between 1996 and 2005, of which 10.71 and 2.01 percentage points were due to primary distribution and secondary distribution respectively. In contrast, the share of the corporate and government sectors in primary distribution increased by 7.49 and 3.21 percentage points respectively. In secondary distribution, the share of the government sector further increased by 3.17 percentage points, at the expense of the other two sectors. We also find that the decline in the share of labor income and property income in factor income distribution are the two main sources for the decline in the household share of primary distribution. In the period 2005-2007, the household share of national income fell further by over three percentage points, mostly resulting from the increase in the share of net production tax.展开更多
文摘This paper discusses the evolution and characteristics of China's national income distribution structure after the dawn of the new century and particularly in China's new normal of social and economic development. This paper casts light on the profound national income distribution and redistribution effects of changing ownership and economic reforms, as well as the microscopic household income distribution effects of changes in macroscopic distribution structure. Based on an analysis of changes in macroscopic distribution pattern, this paper explains the structural contradictions of national income distribution in China and their effects on China's economy, providing a theoretical analysis of income distribution for deepening supply-side structural reform.
文摘This paper investigates how national income distribution among the corporate, government, and household sectors has changed from 1992 to 2005 using the Flow of Funds Accounts adjusted after the National Economic Census 2004. We analyze the changes in institutional distribution of national income from the primary and secondary distribution of national income, with a focus on explaining the fall in the household sector＇s share of the national income pie since 1996. To analyze the primary distribution of national income among institutional sectors, we formulate the share of each sector in primary national income as the weighted average of the product of factor income share using each sector＇s proportion of the different types of factor income as weights. With this formula, we adjust factor income shares in the Flow of Funds Account, re-compute the distribution of disposable income by institutional sector from 1993 to 2005, and extrapolate the distribution to 2006 and 2007. Our findings are： the share of the household sector in national disposable income reached its peak in 1996, and declined by over twelve percentage points between 1996 and 2005, of which 10.71 and 2.01 percentage points were due to primary distribution and secondary distribution respectively. In contrast, the share of the corporate and government sectors in primary distribution increased by 7.49 and 3.21 percentage points respectively. In secondary distribution, the share of the government sector further increased by 3.17 percentage points, at the expense of the other two sectors. We also find that the decline in the share of labor income and property income in factor income distribution are the two main sources for the decline in the household share of primary distribution. In the period 2005-2007, the household share of national income fell further by over three percentage points, mostly resulting from the increase in the share of net production tax.
