Despite a growing literature on population aging, empirical studies exploring mechanisms between aging and income inequality are scarce. This paper estimates the impact of aging on inequality via the perspective of labor income share, based on cross-country information covering the period...

Changes in the labor share of national income affect inequality (Piketty 2014). This paper aims at investigating the relationship between the labor share and technical progress, based on provincial data of the People's Republic of China (PRC) from 1978 to 2012. Our main empirical results show...

This study explores the relationship between inequality and structural transformation by constructing a theoretical model, developing analytical frameworks, and implementing a case study. The general equilibrium model we develop demonstrates that inequality exhibits an inverted U shape as...

Research has not yet been undertaken on the optimal level of urbanization, notwithstanding the pioneering work of Au and Henderson (2006) on optimal urban concentration. This paper develops two-sector general equilibrium models of urbanization, with and without equity consideration,...

Since the oil price shocks of the 1970s, several studies have found significant impacts of oil prices on macro variables. However, it is particularly crucial to know how each micro sector in an economy, such as the residential, transport, industrial and non-energy sectors, respond to oil price...

This paper estimates income polarization in the People'http://www.adb.org/publications/income-polarization-prc-trends-changess Republic of China (PRC) from 1978 to 2010 and decomposes the estimated polarization by population subgroup. In addition, a framework is proposed to disentangle a change...

Income distribution is perceived to affect crime (Becker 1968; Thurow 1971; Merlo 2003). Consequently, economists have been modeling crime-employing inequality indicators as one of the explanatory variables, yielding mixed results. This paper argues that income polarization rather than inequality should...

Since the Tax Sharing Reform in 1994, the local government revenue of the People's Republic of China (PRC) has faced downward risk problems. This paper reviews the fiscal and taxation reforms in the central and local governments of the PRC and focuses on evaluating the effectiveness of fiscal...

We examine whether structural transformation leads to growth and income inequality in Viet Nam. Using three rounds of the Vietnam Household Living Standards Survey (2002, 2006, and 2010), we estimate re-centered influence functions to construct a decomposition analysis. Our results indicate that...

The People's Republic of China (PRC) is thought to be one of the most unequal economies in the world, but very few studies ever touched on the determinants and the evolution of its urban inequality. This paper firstly applies the inequality decomposition method to an urban household sample...