Income Inequality among Old Chinese

Hanewald, Katja; Jia, Ruo; & Liu, Zining. (2019). Income Inequality among Old Chinese. VoxChina.

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Hanewald, Katja; Jia, Ruo; & Liu, Zining. (2019). Income Inequality among Old Chinese. VoxChina.

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Abstract:

Using data from the China Health and Nutrition Survey (CHNS) from 1991–2015, we decompose the income inequality among old Chinese and compare the income inequality between old households and young households. We develop an OLG model and a new empirical method to test how initial socioeconomic differences transmit to income inequality in the working years and then in old age. We find that the urban-rural gap and educational differences are the two most important factors leading to income inequality among the old. We also find that income inequality accumulates with age in China and is reinforced in old age by the fragmented Chinese public pension system.

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http://voxchina.org/show-3-145.html

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JOUR

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Author(s):
Hanewald, Katja
Jia, Ruo
Liu, Zining

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2019

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VoxChina

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3004

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