Although China is experiencing a deterioration in wealth distribution where housing is playing a dominant role,this issue has received scant research attention despite its importance.Combining four rounds of the China...Although China is experiencing a deterioration in wealth distribution where housing is playing a dominant role,this issue has received scant research attention despite its importance.Combining four rounds of the China Household Finance Survey(CHFS)data,this paper measures and discusses wealth inequality in China,with a special emphasis on the contribution of housing.Our analysis reveals that housing is the largest contributor to wealth inequality,responsible for around 70 percent of total wealth inequality,and its contribution has been increasing over time.Our research ejforts have focused on the housing wealth disparity,exploring its composition from alternative perspectives.The results show that housing wealth inequality has also been rising over time and an absolute majority of housing wealth inequality is due to within-group gaps.Finally,we employ Wan's(2004)regression-based decomposition methodology to quantify the contributions of dijferent determinants to housing wealth disparity in China,and to demonstrate serious biases in the conventional approach that is often used to analyze housing wealth inequality.展开更多
This paper proposes a property transformation perspective to examine the mechanisms of wealth accumulation and wealth inequality creation during China kpost-1978 transformation. It examines how enterprise ownership re...This paper proposes a property transformation perspective to examine the mechanisms of wealth accumulation and wealth inequality creation during China kpost-1978 transformation. It examines how enterprise ownership restructuring, marketization and state politics have resulted in greater wealth inequality between cadres and ordinary workers, between public＂ sectors^organizations and private sectors^organizations. Mainly drawing on data from the Chinese Household Income Project condueted in 1995 and 2002, we find that the property transformation process has created greater wealth disparity among different occupational groups and among those working in different work organ＆ations since the mid-1990s. However, it is inconclusive whether non-housing wealth or total household wealth are increasing at the same pace across different occupations and work organizations with the growing market penetration and the spread of privatization,展开更多
基金Financial support from the Natural Science Foundation of China(Nos.71833003 and 72073091)the Higher Education Discipline Innovation Project(111 Project)(No.B16040)is acknowledged.
文摘Although China is experiencing a deterioration in wealth distribution where housing is playing a dominant role,this issue has received scant research attention despite its importance.Combining four rounds of the China Household Finance Survey(CHFS)data,this paper measures and discusses wealth inequality in China,with a special emphasis on the contribution of housing.Our analysis reveals that housing is the largest contributor to wealth inequality,responsible for around 70 percent of total wealth inequality,and its contribution has been increasing over time.Our research ejforts have focused on the housing wealth disparity,exploring its composition from alternative perspectives.The results show that housing wealth inequality has also been rising over time and an absolute majority of housing wealth inequality is due to within-group gaps.Finally,we employ Wan's(2004)regression-based decomposition methodology to quantify the contributions of dijferent determinants to housing wealth disparity in China,and to demonstrate serious biases in the conventional approach that is often used to analyze housing wealth inequality.
基金funded by the Ministry of Education of China,Humanities and Social Sciences Youth Fund(Project No.12YJC790073)PhD Program Fund(Project No.20110142120087)
文摘This paper proposes a property transformation perspective to examine the mechanisms of wealth accumulation and wealth inequality creation during China kpost-1978 transformation. It examines how enterprise ownership restructuring, marketization and state politics have resulted in greater wealth inequality between cadres and ordinary workers, between public＂ sectors^organizations and private sectors^organizations. Mainly drawing on data from the Chinese Household Income Project condueted in 1995 and 2002, we find that the property transformation process has created greater wealth disparity among different occupational groups and among those working in different work organ＆ations since the mid-1990s. However, it is inconclusive whether non-housing wealth or total household wealth are increasing at the same pace across different occupations and work organizations with the growing market penetration and the spread of privatization,
