Recent Trends in the Chinese Economy

1973 ◽  
Vol 53 ◽  
pp. 1-33 ◽  
Author(s):  
Thomas G. Rawski
Keyword(s):  
Economic Policy ◽  
Income Distribution ◽  
Agricultural Production ◽  
Chinese Economy ◽  
The Past ◽  
Official Policy ◽  
Recent Trends ◽  
Economic Specialization

The past 15 years have been eventful ones for the Chinese economy. They have seen an ambitious attempt at economic acceleration decline into agricultural crisis, a major reversal of the direction of economic policy, agricultural recovery and resurgent economic momentum. These years have brought major changes to the Chinese economy: whole new industries have appeared; official policy towards such diverse areas as education, income distribution, regional dispersion of industry and economic specialization has shifted repeatedly; the organization of agricultural production has also changed.

Is the United States Still a Land of Opportunity? Recent Trends in Intergenerational Mobility

2014 ◽  
Vol 104 (5) ◽  
pp. 141-147 ◽  
Author(s):  
Raj Chetty ◽  
Nathaniel Hendren ◽  
Patrick Kline ◽  
Emmanuel Saez ◽  
Nicholas Turner
Keyword(s):  
United States ◽  
Income Distribution ◽  
Intergenerational Mobility ◽  
Transition Probabilities ◽  
The United States ◽  
Birth Cohorts ◽  
The Past ◽  
Percentile Rank ◽  
Recent Trends ◽  
New Evidence

We present new evidence on trends in intergenerational mobility in the United States using administrative earnings records. We find that percentile rank-based measures of intergenerational mobility have remained extremely stable for the 1971-1993 birth cohorts. For children born between 1971 and 1986, we measure intergenerational mobility based on the correlation between parent and child income percentile ranks. For more recent cohorts, we measure mobility as the correlation between a child's probability of attending college and her parents' income rank. We also calculate transition probabilities, such as a child's chances of reaching the top quintile of the income distribution starting from the bottom quintile. Based on all of these measures, we find that children entering the labor market today have the same chances of moving up in the income distribution (relative to their parents) as children born in the 1970s. However, because inequality has risen, the consequences of the “birth lottery” - the parents to whom a child is born - are larger today than in the past.

Wealth Inequality

2018 ◽  
Author(s):  
Salvatore Morelli ◽  
Brian Nolan ◽  
Philippe Van Kerm
Keyword(s):  
Income Inequality ◽  
Income Distribution ◽  
Wealth Inequality ◽  
Comparative Perspective ◽  
Lower Income ◽  
Distribution Of Wealth ◽  
Working Age ◽  
Recent Trends ◽  
Key Features

This chapter brings wealth into the picture, again in a comparative perspective, to bring out key features of recent trends and their implications for the prosperity and prospects of ordinary families. Data on the distribution of wealth has been improving in recent years, and new data are exploited here to examine patterns of wealth holding across the income distribution. In doing so, particular attention is paid to the extent and nature of wealth held by middle and lower income working-age families, and how this differs from those higher up the distribution. The chapter also looks at inequality in the distribution of wealth compared with income, and whether wealth inequality has widened as income inequality has grown.

Recent Trends in Global Economic Inequality

2021 ◽  
Vol 47 (1) ◽  
Author(s):  
Ho-Fung Hung
Keyword(s):  
Income Distribution ◽  
Annual Review ◽  
Publication Date ◽  
Global Inequality ◽  
Rise Of China ◽  
Recent Trends ◽  
Rich Countries ◽  
Middle Strata ◽  
The Rise Of China ◽  
Developed World

Since the 1980s, globalization has reduced between-country inequality and increased within-country inequality in most countries. There has been a debate about whether global inequality, which combines both between- and within-country inequalities, increased or decreased. With more adequate and updated data over the past two decades, this debate has been settled. Global inequality unmistakably diminished in the age of globalization. Underlying this reduction in aggregate global inequality is the rise of China and India into the middle strata of the global income distribution, income stagnation of the working class in rich countries, and the expansion of internal inequality in poor and rich countries. This shift in global income distribution contributed to new geopolitical conflicts and political backlash against globalization in the developed world. This global distributive politics will in turn determine the future of globalization and shape the trajectory of global income inequality change. Expected final online publication date for the Annual Review of Sociology, Volume 47 is July 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

scholarly journals Trends of Income Distribution in Bangladesh and Relationship with Growth – Theories and Evidences

2019 ◽  
Vol 25 (1) ◽  
Author(s):  
M A S Alam
Keyword(s):  
Economic Growth ◽  
Income Distribution ◽  
Low Income ◽  
Positive Influence ◽  
Low Income Countries ◽  
Income Disparities ◽  
Household Expenditure Survey ◽  
Initial Stage ◽  
Recent Trends ◽  
Positive Effect

Income distribution is very substantial for economic and social advancement. It affects the structure of the society, limits the level of poverty for any specified average per capita income and poverty puts pressure on growth. Different Household Expenditure Survey data of 2000, 2005 and 2010 are used to review the trends of income distribution in Bangladesh. The Decile techniques and Gini coefficient measures are used to explain the recent trends. In addition, the shares of income of the uppermost and lowermost deciles are also used to show the income dispersal in Bangladesh. It is revealed that Bangladesh has exposed visible economic growth but income disparity has increased rapidly over time. The study is also measured the affiliation between economic growth and income disparities, using a new practical form that fits the data well. Most of the upshots suggest that inequality has a substantial positive influence on economic growth. It reapproves the Kuznets’ hypothesis that at an initial stage of progress, disparity of income rises and it decreases again. Although, it provides empirical evidence that the distribution could have a positive effect on economic growth in low-income countries rather than the growth effects on distribution. The positive relationship is a contrary result to the recent empirical findings but indicates that more research is indispensable to fully understand the composite affiliation between income distribution and economic growth.

Sign in / Sign up

Export Citation Format

Share Document