A Tale Of Transition

Download or read book A Tale of Transition written by Haiyan Ding and published by International Monetary Fund. This book was released on 2016-12-12 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is the first comprehensive empirical study of earnings, income, and consumption inequality in urban China from 1986 to 2009, using unique micro-level data from the Urban Household Survey (UHS). The paper documents a drastic increase in economic inequality for the sample period. The paper finds that consumption inequality closely tracks income inequality, both over time and over the life cycle. The paper believes that the main driver of this co-movement could be a dramatic increase in noninsurable idiosyncratic permanent income shocks after the early 1990s, associated with the economic transition in urban China.