Download PDF by BJöRN A. GUSTAFSSON, LI SHI, TERRY SICULAR: Inequality and Public Policy in China

By BJöRN A. GUSTAFSSON, LI SHI, TERRY SICULAR

ISBN-10: 0511396740

ISBN-13: 9780511396748

ISBN-10: 0521870453

ISBN-13: 9780521870450

This booklet offers new research of inequality in China, with an emphasis on public coverage issues. numerous chapters specialize in inequality of source of revenue; others examine poverty and inequality in wealth and wages. issues coated contain migrants, ladies, the aged, the connection among source of revenue and overall healthiness investment, and the influence of the agricultural tax reform. A distinguishing characteristic of this e-book is its database. All participants to the quantity utilize a wide, national survey of chinese language families, which allows constant survey research spanning approximately fifteen years of China's transition period.

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The wealth gap exists despite the fact that rural households’ wealth includes the value of the farmland to which they have use rights. Urban households, however, have benefited disproportionately from a rather long period of rapid income growth, which has enabled many to accumulate financial assets. Housing reforms have also been a factor. Urban residents have had opportunities to buy the apartments in which they live at below-market prices. This has not been an option for rural farmers, who already owned their houses and who have been disadvantaged by their weak property rights to farmland.

P1: JZP 9780521870450c01 16 CUNY886/Gustafsson 978 0 521 87045 0 January 23, 2008 2:51 Bj¨orn Gustafsson, Li Shi, and Terry Sicular true of implicit subsidies associated with the distribution of goods and services at low, nonmarket prices. Examples include the implicit value of food ration coupons that gave urban residents the right to purchase lowpriced grain and other foods, and the implicit value of public housing for which tenants paid only nominal rents. As urban residents were the main recipients of such implicit subsidies, their exclusion caused understatement of the urban-rural income gap and of overall inequality.

17 18 According to the analysis presented in Chapter 3, income inequality actually fell somewhat, whereas Chapter 2 using slightly different definitions reports constant inequality. Note that the estimates shown in this table do not correct for spatial differences in costs of living. Using the NBS survey data, Chen and Ravallion (2007) provide an alternative series of Gini coefficients that is adjusted for urban-rural cost of living differences; using the China Health and Nutrition Survey data, Benjamin et al.

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Inequality and Public Policy in China by BJöRN A. GUSTAFSSON, LI SHI, TERRY SICULAR


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