Measuring the level and inequality of wealth: An application to China
We construct and compare three distinct measures of household asset wealth that complement traditional income‐ or expenditure‐based measures of socioeconomic status. We apply these measures to longitudinal household survey data from China and demonstrate that household asset wealth has been increasi...
| Autor principal: | |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Wiley
2014
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| Acceso en línea: | https://hdl.handle.net/10568/149842 |
| _version_ | 1855536518083379200 |
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| author | Ward, Patrick S. |
| author_browse | Ward, Patrick S. |
| author_facet | Ward, Patrick S. |
| author_sort | Ward, Patrick S. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | We construct and compare three distinct measures of household asset wealth that complement traditional income‐ or expenditure‐based measures of socioeconomic status. We apply these measures to longitudinal household survey data from China and demonstrate that household asset wealth has been increasing over time, a theme consistent with many previous studies on the process of development in China. Unlike other studies that have shown rising income inequality over time, however, we show that asset wealth inequality has actually been declining in recent years, indicating widespread participation in the benefits of economic reforms. Furthermore, the evolution in the cumulative distribution of household welfare is such that social welfare has been increasing with the passage of time, despite rising inequality in the early years of the survey. |
| format | Journal Article |
| id | CGSpace149842 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace1498422024-10-25T08:04:26Z Measuring the level and inequality of wealth: An application to China Ward, Patrick S. wealth economic development component analysis (statistics) measurement assets poverty capital taxation principal component analysis We construct and compare three distinct measures of household asset wealth that complement traditional income‐ or expenditure‐based measures of socioeconomic status. We apply these measures to longitudinal household survey data from China and demonstrate that household asset wealth has been increasing over time, a theme consistent with many previous studies on the process of development in China. Unlike other studies that have shown rising income inequality over time, however, we show that asset wealth inequality has actually been declining in recent years, indicating widespread participation in the benefits of economic reforms. Furthermore, the evolution in the cumulative distribution of household welfare is such that social welfare has been increasing with the passage of time, despite rising inequality in the early years of the survey. 2014 2024-08-01T02:50:03Z 2024-08-01T02:50:03Z Journal Article https://hdl.handle.net/10568/149842 en Limited Access Wiley Ward, Patrick S. 2014. Measuring the level and inequality of wealth: An application to China. Review of Income and Wealth 60(4): 613-635. https://doi.org/10.1111/roiw.12063 |
| spellingShingle | wealth economic development component analysis (statistics) measurement assets poverty capital taxation principal component analysis Ward, Patrick S. Measuring the level and inequality of wealth: An application to China |
| title | Measuring the level and inequality of wealth: An application to China |
| title_full | Measuring the level and inequality of wealth: An application to China |
| title_fullStr | Measuring the level and inequality of wealth: An application to China |
| title_full_unstemmed | Measuring the level and inequality of wealth: An application to China |
| title_short | Measuring the level and inequality of wealth: An application to China |
| title_sort | measuring the level and inequality of wealth an application to china |
| topic | wealth economic development component analysis (statistics) measurement assets poverty capital taxation principal component analysis |
| url | https://hdl.handle.net/10568/149842 |
| work_keys_str_mv | AT wardpatricks measuringthelevelandinequalityofwealthanapplicationtochina |