| Description |
1 online resource (xxii, 418 pages) : illustrations |
| Physical Medium |
polychrome |
| Description |
text file |
| Bibliography |
Includes bibliographical references and index. |
| Contents |
Ch. 1. The widening gap between the rich and the poor will inevitably divide the society. 1.1. Facing the fact of the widening gap between the rich and the poor. 1.2. Gini coefficient: A measure of the gap between the rich and the poor. 1.3. Three gaps and six combinations. 1.4. Regional factors of the gap between urban and rural areas. 1.5. Income gap among all classes of society. 1.6. Urban and rural factors in the gap between the rich and the poor. 1.7. The gap between the rich and the poor and social stability. 1.8. The limitations of the Gini coefficient. 1.9. Different policies to govern the three gaps -- ch. 2. Lewis turning point. 2.1. Lewis model of Chinese transition in a dual economy. 2.2. Incentive mechanisms for farm workers to seek jobs and conduct business in cities. 2.3. How to judge the Lewis turning point. 2.4. Quantitative analysis of the Lewis turning point. 2.5. Why is there concern about the Lewis turning point? -- ch. 3. Surplus rural labor. 3.1. Is there surplus rural labor in China? 3.2. Definition of surplus rural labor. 3.3. Estimation method of surplus labor. 3.4. Very different estimates. 3.5. Estimation of surplus rural labor. 3.6. Approaches to transfer the surplus rural labor. 3.7. An arduous historical task. 3.8. Removing the obstacles in the transfer of surplus rural labor force. 3.9. Speak for whom? -- ch. 4. Story behind the labor shortage. 4.1. How does labor shortage occur? 4.2. Cyclical changes in the population structure. 4.3. Regional characteristics of labor shortage. 4.4. FarmWorkers' rational choice. 4.5. Labor shortage and industrial upgrade. 4.6. Labor shortage in terms of farm workers' age, education, and psychological characteristics -- ch. 5. Rule of industrial transfer. 5.1. Labor shortage and industrial transfer. 5.2. Historical track of the transfer of labor-intensive products. 5.3. America: The first runner in the relay race. 5.4. Japan: Recipient of the baton from the United States. 5.5. Four Asian economic giants: Receiving the baton from Japan. 5.6. China: The fourth baton. 5.7. Changing the rule of wages in industrial transfer. 5.8. Industrial transfer: Inexorable law of economic development. 5.9. Length of time for holding the labor-intensive products. 5.10. Industrial transfer and the migrant worker. 5.11. Passing the baton of industrial transfer to the next economy -- ch. 6. Consumption and expansion of domestic demand. 6.1. Theory of economic growth stages. 6.2. Expansion of domestic demand and investment in infrastructure. 6.3. Residents' consumption does not decline. 6.4. The increase in residents' consumption level requires comprehensive treatment. 6.5. Do government subsidies stimulate consumption? 6.6. The drinker's heart is not in the cup -- ch. 7. How long can the high savings ratio last? 7.1. Is the high savings rate at fault? 7.2. Consumption and savings: Any increase for one must mean a decline for the other. 7.3. Savings ratio of countries in the world varies considerably. 7.4. Consumption theory and elements that determine savings. 7.5. First-generation effect of savings. 7.6. Empirical analysis of China's savings rate. 7.7. How long can the high savings rate last? 7.8. Never to be misled by others in exceeding the proper limits in righting a wrong -- ch. 8. The proportion of labor compensation. 8.1. The confusing question. 8.2. Is the proportion of labor compensation actually declining? 8.3. Change in the statistical rules reduces labor compensation. 8.4. Change in the industrial structure results in the declining proportion of labor compensation. 8.5. Influence of the adjustment in the GDP data on the proportion of labor compensation. 8.6. Is the proportion of China's labor compensation in the GDP low? 8.7. Neither meeting trouble halfway nor making much ado about nothing -- ch. 9. Is the gap between urban and rural areas widening or narrowing? 9.1. Determining the cause and applying the right solutions. 9.2. The strange phenomenon violating the economic theory. 9.3. The division of urban and rural populations. 9.4. Space distribution of the farm workers. 9.5. Is the farm workers' income included in that of the urban residents or the rural residents? 9.6. Narrowing the gap between urban and rural areas is a serious challenge at present. |
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Ch. 10. The minimum wage law is a double-edged sword. 10.1. The trend in increasing the minimum wage. 10.2. Minimum wage in countries all over the world. 10.3. The calculation method for the minimum wage. 10.4. The dispute sparked by the minimum wage law. 10.5. When to set up the minimum wage. 10.6. Market mechanism and the minimum wage law. 10.7. Balance between the market and the government. 10.8. The timing of implementing the minimum wage law. 10.9. Relationship between the minimum wage and the unemployment rate. 10.10. Postponement of increasing the minimum wage -- ch. 11. The population trap and the demographic dividend. 11.1. Distinguishing the stock and increment of labor. 11.2. The necessary condition for the population trap. 11.3. Cyclic fluctuation of population distribution in China. 11.4. Disturbance of the population in China. 11.5. Population fitted line of developed countries. 11.6. Trend of the population structure change in developing countries. 11.7. Demographic dividend and economic growth -- ch. 12. Tax reform and the gap between the rich and the poor. 12.1. Three levels of the distribution mechanism. 12.2. A vague statement is difficult to be implement. 12.3. How to promote fairness in the production link. 12.4. The goal of tax reform is to reduce taxes. 12.5. The planned economy characteristics of the current tax system. 12.6. Basic concept of tax reform. 12.7. The computable general equilibrium in the tax reform. 12.8. Scenarios and results. 12.9. Will the reduction of the tax rate diminish the government tax revenue? 12.10. Property income and the income gap. 12.11. Specific conditions of tax reform. 12.12. Why is tax reform extremely difficult to implement? -- ch. 13. Preparing for danger in times of peace to prevent a financial crisis. 13.1. Financial risks brought by excess currency liquidity. 13.2. The dammed lake formed by the savings deposits of urban and rural residents. 13.3. Seriously distorted fund flow. 13.4. Threat of the negative interest rate. 13.5. Will deflation occur? 13.6. Prevent imported inflation. 13.7. Preparing for danger in times of peace and strengthening awareness of crisis. 13.8. Characteristics of a financial crisis. 13.9. Rapid economic development does not mean no financial risk. 13.10. Deal with the situation calmly to solve the crisis -- ch. 14. Populism experiment of Latin America. 14.1. The results of promoting populism come in opposites. 14.2. The rise and fall of peronism. 14.3. The mud left by populism. 14.4. Chile's populism tragedy. 14.5. The lessons of populism in Latin America -- ch. 15. Who divides Thailand? 15.1. Where did the Red-Shirt and Yellow-Shirt armies come from? 15.2. Source of the upheaval in Thailand. 15.3. Polarization intensifies the gap between the rich and the poor. 15.4. Blood-stained street full of violence and unrest. 15.5 Division of society led to unending trouble -- ch. 16. Criticizing populism and depending on market mechanisms to narrow the gap between the rich and the poor. 16.1. What is populism? 16.2. Origin of populism. 16.3. Variability of populism. 16.4. Paradox of populism. 16.5. Reasons and conditions for the spread of populism. 16.6. Consequences of the spread of populism. 16.7. Guided populism according to circumstances and taking precaution beforehand. 16.8. Dangerous sign of a divided society. 16.9. Two sides of a coin: Market mechanism and government intervention. 16.10. The sole basis of government policies is to liberate productive forces and promote social progress. |
| Summary |
China has achieved remarkable economic success in the past three decades and has become the second-largest economy in the world after the United States. However, accompanying this rapid economic growth is an increasing income inequality. In recent years, China's income disparity has reached an alarming level, making it one of the countries with the most unequal income distribution in the world. The widening income gap is the root cause of many issues in contemporary China. How should China step up distribution system reform? How should China deepen the reforms to its fiscal and tax systems? Should the government increase wages to achieve the income multiplication plan? What is the fundamental measure to tackle income disparity issues in China? With in-depth analysis and empirical studies on these questions, this book provides comprehensive perspectives on China's income disparity issues that most international scholars are concerned about. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Income distribution -- China.
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Income distribution. |
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China. |
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Poor -- China.
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Poor. |
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China -- Economic conditions.
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Economic conditions. |
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China -- Economic policy.
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Economic policy. |
| Genre/Form |
Electronic books.
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| Added Author |
Li, Xin (Economist), author.
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| Other Form: |
Print version: Xu, Dianqing. Income disparity in China. Hacksensack, New Jersey : World Scientific, [2014] 9789814525244 (DLC) 2013044472 (OCoLC)852224087 |
| ISBN |
9789814525251 (electronic book) |
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9814525251 (electronic book) |
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9789814525244 |
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9814525243 |
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