Jin, Ye; Wu, Binzhen; Li, Hongbin - Volkswirtschaftliche Fakultät, … - 2010
Using the Chinese urban household survey data between 1997 and 2006, we find that income inequality has a negative … the wealth level that is required for status upgrading. We also find that the negative effect of income inequality on … consumption is stronger for poorer and younger people, and income inequality stimulates more education investment, which are …