| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12410 |
| DP12410 Capital Accumulation, Private Property and Rising Inequality in China, 1978-2015 | |
| Thomas Piketty; Gabriel Zucman; Li Yang | |
| 发表日期 | 2017-10-31 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper combines national accounts, survey, wealth and fiscal data (including recently released tax data on high-income taxpayers) in order to provide consistent series on the accumulation and distribution of income and wealth in China over the 1978-2015 period. We find that the aggregate national wealth-income ratio has increased from 350% in 1978 to 700% in 2015. This can be accounted for by a combination of high saving and investment rates and a gradual rise in relative asset prices, reflecting changes in the legal system of property. The share of public property in national wealth has declined from about 70% in 1978 to 30% in 2015, which is still a lot higher than in rich countries (close to 0% or negative). Next, we provide sharp upward revision of official inequality estimates. The top 10% income share rose from 27% to 41% of national income between 1978 and 2015, while the bottom 50% share dropped from 27% to 15%. China’s inequality levels used to be close to Nordic countries and are now approaching U.S. levels. |
| 主题 | Public Economics |
| URL | https://cepr.org/publications/dp12410 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541219 |
| 推荐引用方式 GB/T 7714 | Thomas Piketty,Gabriel Zucman,Li Yang. DP12410 Capital Accumulation, Private Property and Rising Inequality in China, 1978-2015. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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