This paper provides the first in-depth investigation into the evolution of the wealth gap between CCP and non … premiums of party membership across the wealth distribution. Our results show that although the average wealth gap between CCP … the returns structure of party membership over time. Prior to the housing reform in the 1990s, the highest wealth premiums …

The inequality of wealth in China has increased rapidly in recent years. Prior to 1978 all Chinese households possessed … negligible wealth. China therefore presents a fascinating case study of how inequality of household wealth increases as economic … reforms take place, marketization occurs, and capital accumulates. Wealth inequality and its growth are measured and …

The wealthy hand-to-mouth are households who are poor in liquid wealth (e.g., cash and checking accounts) and rich in … illiquid wealth (e.g., housing and retirement accounts), while the poor hand-to-mouth are poor in both wealth. Data from the … the majority of the hand-to-mouth households in China. Second, they have different wealth portfolios and demographic …

reasons, rural- to-urban migrants are less likely to own housing units in cities and as a result accumulate less wealth. Our … rural hukou owns 310 thousand yuan less housing wealth and 213 thousand yuan less total wealth than comparable household …