Rising income inequality in China a race to the top
"Income inequality in China has risen rapidly in the past decades across regions, between rural and urban sectors, and within provinces. The dynamics of divergence across these sub-national areas have taken the form of a "race to the top" - meaning that all segments of the population,...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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[Washington, D.C]
World Bank
[2008]
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| Schriftenreihe: | Policy research working paper
4700 |
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| 245 | 1 | 0 | |a Rising income inequality in China |b a race to the top |c Xubei Luo, Nong Zhu |
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| 490 | 0 | |a Policy research working paper |v 4700 | |
| 500 | |a Includes bibliographical references | ||
| 500 | |a Title from PDF file as viewed on 5/18/2009 | ||
| 520 | 3 | |a "Income inequality in China has risen rapidly in the past decades across regions, between rural and urban sectors, and within provinces. The dynamics of divergence across these sub-national areas have taken the form of a "race to the top" - meaning that all segments of the population, including the poor with low education in lagging inland rural areas, have experienced gains in average income. The largest gains have been registered by those with higher income and education in leading coastal urban areas. Using the China Economic, Population, Nutrition and Health Survey data of 1989 and 2004, we show that the most important factors explaining overall inequality are differential returns to schooling and sector of employment. A decomposition analysis based on household income determination shows that the increase in returns to education explains two-thirds of income changes in urban areas and one-sixth in rural areas. The widening income gaps are the consequence of higher growth in leading urban and coastal areas and that the skilled population has benefited more from the economic reforms carried out during the last 25 years. The authors argue that rising income inequality can be part of a normal process of development at a certain stage, and that the dynamics of spatial income divergence in the form of "a race to the top" can be desirable to some extent as it unleashes competitive pressure and creates incentives for investment in skills. Continuing to improve market efficiency and investing in people, in particular improving education service in lagging areas to poor people, are important for sustainable growth and equitable distribution in the long run. "--World Bank web site | |
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Datensatz im Suchindex
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| author | Luo, Xubei |
| author_facet | Luo, Xubei |
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| ctrlnum | (ZDB-1-WBA)093232519 (OCoLC)1392134260 (DE-599)GBVNLM005468663 |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| illustrated | Not Illustrated |
| indexdate | 2024-12-24T09:49:25Z |
| institution | BVB |
| language | English |
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| series2 | Policy research working paper |
| spelling | Luo, Xubei Verfasser aut Rising income inequality in China a race to the top Xubei Luo, Nong Zhu [Washington, D.C] World Bank [2008] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 4700 Includes bibliographical references Title from PDF file as viewed on 5/18/2009 "Income inequality in China has risen rapidly in the past decades across regions, between rural and urban sectors, and within provinces. The dynamics of divergence across these sub-national areas have taken the form of a "race to the top" - meaning that all segments of the population, including the poor with low education in lagging inland rural areas, have experienced gains in average income. The largest gains have been registered by those with higher income and education in leading coastal urban areas. Using the China Economic, Population, Nutrition and Health Survey data of 1989 and 2004, we show that the most important factors explaining overall inequality are differential returns to schooling and sector of employment. A decomposition analysis based on household income determination shows that the increase in returns to education explains two-thirds of income changes in urban areas and one-sixth in rural areas. The widening income gaps are the consequence of higher growth in leading urban and coastal areas and that the skilled population has benefited more from the economic reforms carried out during the last 25 years. The authors argue that rising income inequality can be part of a normal process of development at a certain stage, and that the dynamics of spatial income divergence in the form of "a race to the top" can be desirable to some extent as it unleashes competitive pressure and creates incentives for investment in skills. Continuing to improve market efficiency and investing in people, in particular improving education service in lagging areas to poor people, are important for sustainable growth and equitable distribution in the long run. "--World Bank web site Online-Ausg Also available in print Income China Regional disparities Income distribution China Zhu, Nong Sonstige oth World Bank Sonstige oth Luo, Xubei Rising income inequality in China http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4700 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Luo, Xubei Rising income inequality in China a race to the top Income China Regional disparities Income distribution China |
| title | Rising income inequality in China a race to the top |
| title_auth | Rising income inequality in China a race to the top |
| title_exact_search | Rising income inequality in China a race to the top |
| title_full | Rising income inequality in China a race to the top Xubei Luo, Nong Zhu |
| title_fullStr | Rising income inequality in China a race to the top Xubei Luo, Nong Zhu |
| title_full_unstemmed | Rising income inequality in China a race to the top Xubei Luo, Nong Zhu |
| title_short | Rising income inequality in China |
| title_sort | rising income inequality in china a race to the top |
| title_sub | a race to the top |
| topic | Income China Regional disparities Income distribution China |
| topic_facet | Income China Regional disparities Income distribution China |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4700 |
| work_keys_str_mv | AT luoxubei risingincomeinequalityinchinaaracetothetop AT zhunong risingincomeinequalityinchinaaracetothetop AT worldbank risingincomeinequalityinchinaaracetothetop |