Using newly available spatial price deflators, this paper shows that inequality evaluations in the literatureoverstate … the magnitude of inequality and inequality changes in China, as well as the role played by regional differences in the … recent inequality rise. …

Using newly available spatial price deflators, this paper shows that inequality evaluations in the literature overstate … the magnitude of inequality and inequality changes in China, as well as the role played by regional differences in the … observed inequality rise duringthe 1990s. …

distribution of risks inside society, the Liberal system wins if the inequality of income is low, and the Beveridgean system wins … if the inequality of income is high. Using a utilitarian criterion, the Beveridgean system always dominates and the …