In a rare example of an explicit national goal for income distribution besides reducing poverty, China's leadership has … recently committed to expanding the middle-income share--moving to a less polarized "olive-shaped" distribution. Recognizing … the potential trade-offs, the paper asks whether China's experience indicates that income-polarization was a by-product of …

In a rare example of a national goal for income distribution besides reducing poverty (for which there is broad … consensus), China’s leadership has recently committed to expanding the middle-income share—striving for a less polarized “olive …-shaped” distribution. Recognizing the potential trade-offs, we ask whether rising income-polarization in China was a by-product of past …

In a rare example of a national goal for income distribution besides reducing poverty (for which there is broad … consensus), China’s leadership has recently committed to expanding the middle-income share—striving for a less polarized “olive …-shaped” distribution. Recognizing the potential trade-offs, we ask whether rising income-polarization in China was a by-product of past …

Many have advocated the taxation of bequests and gifts as income in order to achieve substantial revenues from unearned …’s income. Even for those who claim the inclusion of inherited wealth in the beneficiary’s income tax base, the features of the … wealth, notwithstanding their inclusion in the income tax base. In the author’s opinion, the foregoing is a serious argument …