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The United States and China are the world's largest economies. Together they are responsible for about one-third of the world's economic output. This paper aims to examine whether the two economic giants are also lands of opportunity where resources are allocated in a way that minimizes...
Persistent link: https://www.econbiz.de/10012423987
its great success in poverty reduction, China has witnessed rapidly increasing income inequality which only began to …
Persistent link: https://www.econbiz.de/10012424020
Understanding the relationship between income inequality and economic growth is of utmost importance to economists and … between inequality and growth via growth and inequality shocks for two large economies, China and the USA, for the years 1979 …- 2018. We find that a growth shock is inequality-increasing, and an inequality shock is growthreducing. We also find …
Persistent link: https://www.econbiz.de/10012424164
impact on wage inequality. We find that non-routine cognitive and interpersonal tasks have increased, while routine cognitive … tasks first increased and then declined. Occupation structural change is accompanying rising wage inequality. The wage … intensity are associated with lower wages. While the return to education has become the largest contributor to wage inequality …
Persistent link: https://www.econbiz.de/10012651176
date, and then to use this as a background for the analysis of poverty, inequality, and non-monetary outcomes. The analysis … of poverty and inequality uses the microeconomic data from three comparable and nationally representative Cameroonian …
Persistent link: https://www.econbiz.de/10010494219
In this paper we describe the major trends in China's income inequality over the past 40 years and explain them as the …, market development, labour absorption, and the Kuznets inverted-U path of inequality. The second is the economic transition … inequality through social and welfare policies. …
Persistent link: https://www.econbiz.de/10012146470
represent extreme cases in the relationship of inequality to both wellbeing indicators. Income is more highly concentrated than … expenditure in India, especially at the top of the distribution. Both types of inequality are similar in China, although … and levels between the two wellbeing distributions. As a result, expenditure inequality is higher in China than in India …
Persistent link: https://www.econbiz.de/10012146542
Persistent link: https://www.econbiz.de/10010471918
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