Capital Accumulation, Private Property, and Rising Inequality in China, 1978–2015
Thomas Piketty
- Fonction : Auteur
- PersonId : 1256308
- ORCID : 0000-0002-1261-2392
- IdRef : 033197563
Gabriel Zucman
- Fonction : Auteur
- PersonId : 1082672
- IdRef : 113479166
Résumé
We combine national accounts, surveys, and new tax data to study the accumulation and distribution of income and wealth in China from 1978 to 2015. The national wealth-income ratio increased from 350 percent in 1978 to 700 percent in 2015, while the share of public property in national wealth declined from 70 percent to 30 percent. We provide sharp upward revision of official inequality estimates. The top 10 percent income share rose from 27 percent to 41 percent between 1978 and 2015; the bottom 50 percent share dropped from 27 percent to 15 percent. China's inequality levels used to be close to Nordic countries and are now approaching US levels.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Capital Accumulation, Private Property, and Rising Inequality in China, 1978–2015
|
Résumé |
en
We combine national accounts, surveys, and new tax data to study the accumulation and distribution of income and wealth in China from 1978 to 2015. The national wealth-income ratio increased from 350 percent in 1978 to 700 percent in 2015, while the share of public property in national wealth declined from 70 percent to 30 percent. We provide sharp upward revision of official inequality estimates. The top 10 percent income share rose from 27 percent to 41 percent between 1978 and 2015; the bottom 50 percent share dropped from 27 percent to 15 percent. China's inequality levels used to be close to Nordic countries and are now approaching US levels.
|
Auteur(s) |
Thomas Piketty
1, 2
, Li Yang
3
, Gabriel Zucman
4
1
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
2
PJSE -
Paris Jourdan Sciences Economiques
( 1171428 )
- 48 boulevard Jourdan 75014 Paris
- France
3
Beijing University of Agriculture
( 463378 )
- Beijing P.R. China 102206
- Chine
4
Department of Mathematics [Berkeley]
( 22856 )
- Department of Mathematics, University of California, Evans Hall Berkeley, CA 94720, USA
- États-Unis
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2019-07
|
Volume |
109
|
Numéro |
7
|
Page/Identifiant |
2469-2496
|
Domaine(s) |
|
DOI | 10.1257/aer.20170973 |
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