Why Doesn't the Kuznets Curve on Income Distribution Hold in Ancient China?

We find robust evidence that in ancient China that consists of many consecutive dynasties, within each dynasty, the inequality demonstrates a "U" shape (or a "spoon" shape to be more precise). Therefore, as inequality hits an upper bound, war happens and a new dynasty replaces the old one. The cycle repeats itself. A simple explanation has been offered. Policy implications have also been presented.

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Year of publication:	2013-11
Authors:	He, Qichun ; Zou, Heng-fu
Institutions:	China Economics and Management Academy, Central University of Finance and Economics (CUFE)
Subject:	Kuznets Curve \| Income inequality \| U shape \| Ancient China

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Extent:	application/pdf
Series:	CEMA Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 576 11 pages
Classification:	C21 - Cross-Sectional Models; Spatial Models ; E65 - Studies of Particular Policy Episodes ; N95 - Asia including Middle East ; O11 - Macroeconomic Analyses of Economic Development ; O43 - Institutions and Growth
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010721168