Rising Income and Wealth Inequality in China: Empirical Assessments and Theoretical Reflectionsdoi:10.1080/10670564.2023.2172553Income inequalitywealth inequalitypatrimonial capitalismhousing assetsresidential real estate mortgagesChinaThe lack of up-to-date data has hindered recent research on Chinas income and...
Rising income inequality in the world is a concern, and Africa is topping the charts for this rising income inequality. It has been posed that even with the ‘Africa rising’ theme, the eradication of poverty by 2030 is an ambiguous attempt. Nonetheless, a reduction in income inequality in ...
Income is the main wellbeing indicator used to measure inequality in China, as in other middle-income countries (e.g. Latin America and South Africa). A measure of consumption is more often preferred for the analysis of inequality among other developing countries, such as in Sub-Saharan Africa...
Using the data from the China Family Panel Studies from 2010 to 2018, we find that rising income inequality causes parents to spend more on children’s education, both in school and out of school. The impact of income inequality on out-of-school expenditures is significant at intensive and ...
If MPE increased with rising income, that is, the rich tended to have a higher MPE than the poor, declining income inequality would reduce environmental pollution [45]. Finally, some scholars used the “Veblen effect” to explain the effect of income inequality on environment [44,46,47]. ...
When inequality came up, “often the conversation would turn to, well, that’s New York City, it’s not my state,” said Mark Price, a labor economist at the Keystone Research Center and co-author of the EPI paper. “Rising inequality affects virtually every part of the country, not ju...
How does rising income inequality affect individual attitudes toward international trade? While there exists a plethora of studies on the interlinkages between international trade and income inequality, the existing literature on individual trade policy preferences has not considered the role of inequality ...
The global community has been confronted with rising income inequality, in particular, for those least developed countries (LDCs), since the same level of inequality as in advanced countries would push many LDCs into abject poverty. This paper focuses on income inequality in developing countries, pa...
For the most part, income is a result of one’s productivity and the value that people place on that productivity. Far more important than income inequality, there is productivity inequality. That suggests that if there’s anything to be done about income inequality, we should focus on how ...
Robert J. Shiller, the Nobel prize winner for economics in 2013, believes that rising economic inequality in the United States and other countries is "the most important problem that we are facing now” (The Huffington Post, 2013). One of the arguments on this epidemic is that executive ...