Income disparity in China : crisis within economic miracle / Dianqing Xu & Xin Li ; Dong Lixi, Dipasri Sardar, in-house editor.

Format:

Book

Author/Creator:

Xu, Dianqing, author.

Li, Xin, author.

Contributor:

Lixi, Dong, editor.

Sardar, Dipasri, editor.

Language:

English

Subjects (All):

Income distribution--China.

Income distribution.

Poor--China.

Poor.

China--Economic conditions.

China.

China--Economic policy.

Physical Description:

1 online resource (441 p.)

Place of Publication:

Singapore : World Scientific, 2014.

Language Note:

English

Summary:

China has achieved remarkable economic success in the past three decades and has become the second-largest economy in the world after the United States. However, accompanying this rapid economic growth is an increasing income inequality. In recent years, China's income disparity has reached an alarming level, making it one of the countries with the most unequal income distribution in the world. The widening income gap is the root cause of many issues in contemporary China. How should China step up distribution system reform? How should China deepen the reforms to its fiscal and tax systems? Sh

Contents:

Preface; CONTENTS; Chapter 1. The Widening Gap between the Rich and the Poor will Inevitably Divide the Society; 1.1 Facing the Fact of the Widening Gap between the Rich and the Poor; 1.2 Gini Coefficient: A Measure of the Gap between the Rich and the Poor; 1.3 Three Gaps and Six Combinations; 1.4 Regional Factors of the Gap between Urban and Rural Areas; 1.5 Income Gap among All Classes of Society; 1.6 Urban and Rural Factors in the Gap between the Rich and the Poor; 1.7 The Gap between the Rich and the Poor and Social Stability; 1.8 The Limitations of the Gini Coefficient

1.9 Different Policies to Govern the Three GapsChapter 2. Lewis Turning Point; 2.1 Lewis Model of Chinese Transition in a Dual Economy; 2.1.1 Boundary division and the basic assumption of a dual economy; 2.1.2 How many turning points are there?; 2.1.3 Three curves in the Lewis model; 2.1.4 Labor transfer trilogy in the Lewis model; 2.1.5 Six stages of labor transfer in China; 2.2 Incentive Mechanisms for Farm Workers to Seek Jobs and Conduct Business in Cities; 2.3 How to Judge the Lewis Turning Point; 2.3.1 Miscellaneous definitions; 2.3.2 Basic characteristics of the Lewis turning point

2.3.3 Estimation of the rural labor price2.3.4 Estimation of the agricultural marginal productivity of labor; 2.3.5 Relationship between the marginal productivity of labor and the average labor productivity; 2.3.6 Does the increase in wages indicate the Lewis turning point?; 2.3.7 Regional gap and the Lewis turning point; 2.3.8 The income difference between the skilled labor and the unskilled labor; 2.4 Quantitative Analysis of the Lewis Turning Point; 2.4.1 Theoretical model of judging the Lewis turning point; 2.4.2 Estimation of the capital stock

2.4.3 Results and limitations of the theoretical judgment2.5 Why is there concern about the Lewis turning point?; Chapter 3. Surplus Rural Labor; 3.1 Is There Surplus Rural Labor in China?; 3.2 Definition of Surplus Rural Labor; 3.3 Estimation Method of Surplus Labor; 3.4 Very Different Estimates; 3.5 Estimation of Surplus Rural Labor; 3.6 Approaches to Transfer the Surplus Rural Labor; 3.7 An Arduous Historical Task; 3.8 Removing the Obstacles in the Transfer of Surplus Rural Labor Force; 3.9 Speak for Whom?; Chapter 4. Story Behind the Labor Shortage; 4.1 How Does Labor Shortage Occur?

4.2 Cyclical Changes in the Population Structure4.3 Regional Characteristics of Labor Shortage; 4.4 Farm Workers' Rational Choice; 4.5 Labor Shortage and Industrial Upgrade; 4.6 Labor Shortage in Terms of Farm Workers' Age, Education, and Psychological Characteristics; Chapter 5. Rule of Industrial Transfer; 5.1 Labor Shortage and Industrial Transfer; 5.2 Historical Track of the Transfer of Labor-intensive Products; 5.3 America: The First Runner in the Relay Race; 5.4 Japan: Recipient of the Baton from the United States; 5.5 Four Asian Economic Giants: Receiving the Baton from Japan

5.6 China: The Fourth Baton

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

981-4525-25-1