Reasonable income distribution and eradication of rural poverty are vital for building a moderately prosperous society in all respects in China.This paper primarily examines the income distribution and poverty reducti...Reasonable income distribution and eradication of rural poverty are vital for building a moderately prosperous society in all respects in China.This paper primarily examines the income distribution and poverty reduction effects of social security spending.Market income and redistribution policies are two determinants of income gaps.Based on CHIP2018 household survey data,we find that inadequate income redistribution policies have contributed to yawning income gaps,and that social security spending is more redistributive than personal income tax and social security contributions.After estimating the redistribution effects of social security spending and itemized incomes,we find that pension payments have contributed the most to household income gaps,and that subsistence protection and rural pension payments help improve income distribution.With respect to the poverty reduction effects of social security spending,we have estimated China’s current poverty incidence and the poverty reduction effects of pension payments,healthcare,and educational allowances with CHIP2018 data,and discover that an increase in social security spending may effectively reduce rural poverty.In building a moderately prosperous society in all respects,China should increase social security spending,focusing on specific target groups,and promote the role of social security spending in regulating income distribution and offering social protection to rural residents.展开更多
Commonly used statistical procedure to describe the observed statistical sets is to use their conventional moments or cumulants. When choosing an appropriate parametric distribution for the data set is typically that ...Commonly used statistical procedure to describe the observed statistical sets is to use their conventional moments or cumulants. When choosing an appropriate parametric distribution for the data set is typically that parameters of a parametric distribution are estimated using the moment method of creating a system of equations in which the sample conventional moments lay in the equality of the corresponding moments of the theoretical distribution. However, the moment method of parameter estimation is not always convenient, especially for small samples. An alternative approach is based on the use of other characteristics, which the author calls L-moments. L-moments are analogous to conventional moments, but they are based on linear combinations of order statistics, i.e., L-statistics. Using L-moments is theoretically preferable to the conventional moments and consists in the fact that L-moments characterize a wider range of distribution. When estimating from sample L-moments, L-moments are more robust to the presence of outliers in the data. Experience also shows that, compared to conventional moments, L-moments are less prone to bias of estimation. Parameter estimates obtained using L-moments are mainly in the case of small samples often even more accurate than estimates of parameters made by maximum likelihood method. Using the method of L-moments in the case of small data sets from the meteorology is primarily known in statistical literature. This paper deals with the use of L-moments in the case for large data sets of income distribution （individual data） and wage distribution （data are ordered to form of interval frequency distribution of extreme open intervals）. This paper also presents a comparison of the accuracy of the method of L-moments with an accuracy of other methods of point estimation of parameters of parametric probability distribution in the case of large data sets of individual data and data ordered to form of interval frequency distribution.展开更多
This paper analyzes the impact of income distribution gap on consumption demand from a theoretical view,and draws the conclusion that there is an inverse relationship between income distribution gap and consumption de...This paper analyzes the impact of income distribution gap on consumption demand from a theoretical view,and draws the conclusion that there is an inverse relationship between income distribution gap and consumption demand.Then,the paper finds that the existing widening income distribution gap in China has a negative impact on consumption demand,but this is not the key factor for the insufficient consumption demand because of the low level of per capital income.At last,it suggests that governments should improve the income level of entire residents and adjust income distribution structure simultaneously.展开更多
From two perspectives, - the proportion of residential income and the equality of residential income distribution - this paper identifies a widening gap in China＇s income distribution and considers that this is a res...From two perspectives, - the proportion of residential income and the equality of residential income distribution - this paper identifies a widening gap in China＇s income distribution and considers that this is a result of different factors such as technological progress, increasing return on assets, the economic growth priority strategy of local governments, the increasing number of migrant workers who are in a weak position to negotiate wages, as well as the rapid process of industrialization. Based on the above analysis, this paper presents policy recommendations on how to improve the income distribution system.展开更多
When observing China＇s income distribution problems .from an international perspective, we find that China＇s income inequality is not much different from developed countries after primary distribution. The real diff...When observing China＇s income distribution problems .from an international perspective, we find that China＇s income inequality is not much different from developed countries after primary distribution. The real difference between China and developed countries is that income inequality in developed countries will reduce greatly after income redistribution while the income inequality remains the same for China. Therefore, one can conclude that income inequality in China derives from the ineffectiveness of redistribution. However, a large income gap is not the main reason for skewed income distribution in China. In fact, the problem lies in unfair distribution resulting from factor capitalization. A handful of people have taken proceeds from public assets at the expense of all the people, which has led to social poIarization. To remove unfair distribution, China should improve its means of redistribution to narrow its income gap in order to develop a fair and reasonable pattern of income distribution.展开更多
This paper discusses the evolution and characteristics of China's national income distribution structure after the dawn of the new century and particularly in China's new normal of social and economic developm...This paper discusses the evolution and characteristics of China's national income distribution structure after the dawn of the new century and particularly in China's new normal of social and economic development. This paper casts light on the profound national income distribution and redistribution effects of changing ownership and economic reforms, as well as the microscopic household income distribution effects of changes in macroscopic distribution structure. Based on an analysis of changes in macroscopic distribution pattern, this paper explains the structural contradictions of national income distribution in China and their effects on China's economy, providing a theoretical analysis of income distribution for deepening supply-side structural reform.展开更多
The agriculture field is a fundamental industry which supports the rapid development of the nation?s economy.However,credit constraints faced by farmers have restricted the modernization in the agricultural industry.T...The agriculture field is a fundamental industry which supports the rapid development of the nation?s economy.However,credit constraints faced by farmers have restricted the modernization in the agricultural industry.The agricultural supply chain finance is effective in promoting rural industrial revitalization and agricultural modernization,which is of great significance to the transformation and development of rural economy and agriculture in China.In this paper,the financial coordination model in agricultural supply chain is constructed,and the income distribution model of Shapley value method is introduced.The results showed that the agricultural supply chain finance can significantly improve the income of the participants in the agricultural industrial chain and verify the economic feasibility of agricultural supply chain finance.展开更多
In the context of urban-rural integration development in China,the distribution of value-added income of rural land collective ownership is related to the protection of farmers rights and interests and the specific im...In the context of urban-rural integration development in China,the distribution of value-added income of rural land collective ownership is related to the protection of farmers rights and interests and the specific implementation of rural revitalization strategy.Based on the entry of rural collectively-owned construction land into the market and the compensation system for land expropriation,this paper discusses in detail the distribution of value-added income of rural land collective ownership,analyzes the current situation,existing problems and causes of the current distribution mechanism,and puts forward countermeasures and suggestions for optimizing the distribution mechanism.Through literature research and case analysis,this paper reveals the unfair phenomenon in the distribution of value-added income of rural land,and discusses the roles and responsibilities of government,collective organizations and individual farmers in the distribution of income.The results show that establishing a fair and reasonable income distribution mechanism,strengthening the construction of laws and regulations,improving farmers participation and protecting their rights and interests are the key to optimizing the distribution of rural land value-added income.In addition,it is expected that this paper will provide some theoretical basis and practical guidance for improving the distribution mechanism of value-added income of rural land collective ownership.展开更多
Economic growth and fair distribution are two major goals pursued in economic development.Through a comparative analysis of economies such as those in Europe and the United States,it is found that:Economic growth does...Economic growth and fair distribution are two major goals pursued in economic development.Through a comparative analysis of economies such as those in Europe and the United States,it is found that:Economic growth does not have to be conditional on the expansion of income gap;growth will not automatically lead to fair distribution;efficiency and fairness can occur simultaneously;the transformation of the economic development mode can be achieved through income distribution.A shared development model that takes into account both growth and fairness is the choice to achieve sustained and stable economic growth.It is necessary to deepen the reform of the income distribution system,improve social security and other measures to promote the development achievements to benefit the majority of workers more,and achieve both efficiency and fairness at the same time.展开更多
Extending the income dynamics approach in Quah （2003）, the present paper studies the enlarging income inequality in China over the past three decades from the viewpoint of rural-urban migration and economic transiti...Extending the income dynamics approach in Quah （2003）, the present paper studies the enlarging income inequality in China over the past three decades from the viewpoint of rural-urban migration and economic transition. We establish non-parametric estimations of rural and urban income distribution functions in China, and aggregate a population- weighted, nationwide income distribution function taking into account rural-urban differences in technological progress and price indexes. We calculate 12 inequality indexes through non-parametric estimation to overcome the biases in existingparametric estimation and, therefore, provide more accurate measurement of income inequalitY. Policy implications have been drawn based on our research.展开更多
China has experimented with village elections for nearly 20 years. Using village and household survey data collected from 48 villages of 8 Chinese provinces for the period 1986-2002, this paper studies how the introdu...China has experimented with village elections for nearly 20 years. Using village and household survey data collected from 48 villages of 8 Chinese provinces for the period 1986-2002, this paper studies how the introduction of elections affects village governance and income distribution in Chinese villages. The econometric analysis finds the following outcomes. First, village elections have increased the share of public expenditure and reduced the share of administrative expenditure in the village budget, so the accountability of the elected village committee has been enhanced. Second, elections have not led to more income redistribution; instead, they have reduced the progressiveness of income redistribution. Third, elections have reduced income inequality measured by the Gini coefficient in villages. The reduction is equivalent to 5.7 percent of the sample average, or 32 percent of the growth of the Gini coefficient in the period of 1987-2002. Because village elections have not led to more income redistribution, this positive effect must have come from more public investment, which benefits the poor more than wealthier people. The general conclusion that we draw from our results is that, despite institutional constraints, village elections have improved village governance and the life of villagers.展开更多
This article examines the impact of catastrophic hurricane events on income distribution in hurricane states in the United States. Media claims have been made and the perception created that the most damaging impact o...This article examines the impact of catastrophic hurricane events on income distribution in hurricane states in the United States. Media claims have been made and the perception created that the most damaging impact of hurricanes is on the lowest income population in the affected states. If these claims are true, they may have serious implications for the insurance industry and government policy makers. We develop a panel data, fixed effects econometric model that includes hurricane-impacted states as cross-sections using annual data for a period of almost 100 years. The Gini coefficient is used as a measure of income inequality, and is a function of normalized hurricane economic damages, gross domestic product(GDP), a set of socioeconomic variables that serves as a control, time trend, and cross-sectional dummy variables.Findings indicate that for every 100 billion US dollars in hurricane economic damages there is an increase in income inequality by 5.4 % as measured by Gini coefficient.Political, sociodemographic, and economic variables are also significant. These include such variables as the political party controlling the U.S. Senate, the proportion of nonwhite population by state, and GDP. Time trend is a positive and significant variable, suggesting an increase in income inequality over time. There are significant differences among the states included in the study. Our results demonstrate that different segments of the population are differently impacted by hurricanes and suggest how that differential impact could be considered in future government policies and business decisions, particularly those made by the insurance industry.展开更多
The employment and income distribution problems after reform and opening up have become more and more lasting. To get these problems clear is of great practical significance in acquiring a deeper understanding of the ...The employment and income distribution problems after reform and opening up have become more and more lasting. To get these problems clear is of great practical significance in acquiring a deeper understanding of the nature, characteristics, and root causes of the current income distribution and employment problems; and finding a solution is to contribute to the building of a harmonious society. The co-existence of a half-market and half-traditional system is the basic feature of employment and income distribution in China. This paper analyzes the general and structural correlations between income distribution and employment in China. In the analysis of structural correlation, the paper explains the multi-institutional segmentation in the transitional period. In the multi-level areas segmented institutionally, the wage income gap or labor income gap has become the main factor contributing to the general income gap. To narrow the income gap, it is therefore necessary to attach much importance to the reform of employment-related institutions, the establishment, and the improvement of the market economic order.展开更多
Under the assumption of constant real wage,Okishio’s theorem shows that profit rates do not fall after any viable technical change.Research has indicated that if real wages rise after the introduction of technical ch...Under the assumption of constant real wage,Okishio’s theorem shows that profit rates do not fall after any viable technical change.Research has indicated that if real wages rise after the introduction of technical change and then profit rates fall,then such fall in profit rates belongs to the realm of profit squeeze theory,which leads to the claim of the impossibility of a consistent theory of declining profit rate based on Marx’s insight.The present study proposes a two-channel framework to distinguish the mechanism of rising organic composition of capital from that of profit squeeze,and show that any viable capital-using and labor-saving technical change would lower the profit rate if the wage/profit ratio is unaffected in a multi-sector setting.展开更多
From the situations about the incomes and life quality of the urban and rural residents,the thesis briefly introduces the status quo of the urban-rural income gap and explores the impact of the income gap on social ec...From the situations about the incomes and life quality of the urban and rural residents,the thesis briefly introduces the status quo of the urban-rural income gap and explores the impact of the income gap on social economy:firstly,it hampers economic development;secondly,it is detrimental to the social development.Then the thesis analyzes the role of a sound social security in narrowing urban-rural income gap:at first,it broadens the institutional environment of improving the agricultural efficiency;secondly,it eliminates the uncertainties influencing the farmers' income;thirdly,it improves the farmers' capacity to increase income;at last,it enhances the farmers' consciousness of wealth.Next the thesis inquires into the problems existing in the system of rural social security:the first problem is more obviously fragmented system;the second is inadequate security projects and narrower coverage;the third is an obvious lack of equality in urban and rural security;the fourth is even less sound management system;the last is the lagging of legislation.Afterwards the thesis proposes the countermeasures and suggestions to improve the system of rural social security and narrow urban-rural income gap:firstly,to integrate the social security system in rural areas;secondly,to perfect security projects and enhance the security system;thirdly,to integrate the administrative management of social security;at last,to enforce the legal system.展开更多
Norms of the institution retiree subsidies are important measures to protect and improve people's livelihood, as well as maintain the stability of the retiree group. The income of institution retiree was studied b...Norms of the institution retiree subsidies are important measures to protect and improve people's livelihood, as well as maintain the stability of the retiree group. The income of institution retiree was studied by analyzing its policies and implementations, also some problems were pointed out such as lacking of subsidy standards,no convergence with the historical data,and the existence of special subsidies. Hence,in order to make a smooth transition and improve the pension insurance system of institution, implementing differentiating subsidies and establishing multi-pillar pension insurance system were proposed to solve the problems above.展开更多
The motivation of this paper is to show how to use the information from given distributions and to fit distributions in order to confirm models. Our examples are especially for disciplines slightly away from mathemati...The motivation of this paper is to show how to use the information from given distributions and to fit distributions in order to confirm models. Our examples are especially for disciplines slightly away from mathematics. One minor result is that standard deviation and mean are at most a more or less good approximation to determine the best Gaussian fit. In our first example we scrutinize the distribution of the intelligence quotient (IQ). Because it is an almost perfect Gaussian distribution and correlated to the parents’ IQ, we conclude with mathematical arguments that IQ is inherited only which is assumed by mainstream psychologists. Our second example is income distributions. The number of rich people is much higher than any Gaussian distribution would allow. We present a new distribution consisting of a Gaussian plus a modified exponential distribution. It fits the fat tail perfectly. It is also suitable to explain the old problem of fat tails in stock returns.展开更多
This paper considers the real value of unpaid work. Actual living satisfaction depends not only on market income measured using the current concept of GDP, but also on unpaid household production. We try to estimate b...This paper considers the real value of unpaid work. Actual living satisfaction depends not only on market income measured using the current concept of GDP, but also on unpaid household production. We try to estimate broad household income in Japan based on 2011 government estimates. We assume three household life stages, each of which consists of three cases categorized by the spouse＇s type of work. The results show that income differences between the three cases were very small and women worked longer hours than men in all household life stages. This reveals a different possible view of income distribution and poverty, in which women are overburdened.展开更多
To enlarge the middle-income group and construct the "olivary" income distribution becomes one of the important issues of the economic development and income distribution reform in China. The income distribu...To enlarge the middle-income group and construct the "olivary" income distribution becomes one of the important issues of the economic development and income distribution reform in China. The income distribution function is estimated with kernel density, and the income distribution M-curve is constructed with CHNS and CHIP data to calculate the middle-income group. Furthermore, a comparative analysis is carried out for the changing trend of the size and proportion of middle-income group. Research conclusion: it is discovered according to the income distribution M-curve that the key to the enlargement of urban middle-income group lies in the lower middle-income group, while the key to the enlargement of rural middle-income group lies in the improvement of the upper middle-income group. The range of middle-income group is expanding, but due to the small scale, low proportion, and poor stability, it has not developed the "olivary" income distribution structure yet, and income inequality tends to be deepened.展开更多
文摘Reasonable income distribution and eradication of rural poverty are vital for building a moderately prosperous society in all respects in China.This paper primarily examines the income distribution and poverty reduction effects of social security spending.Market income and redistribution policies are two determinants of income gaps.Based on CHIP2018 household survey data,we find that inadequate income redistribution policies have contributed to yawning income gaps,and that social security spending is more redistributive than personal income tax and social security contributions.After estimating the redistribution effects of social security spending and itemized incomes,we find that pension payments have contributed the most to household income gaps,and that subsistence protection and rural pension payments help improve income distribution.With respect to the poverty reduction effects of social security spending,we have estimated China’s current poverty incidence and the poverty reduction effects of pension payments,healthcare,and educational allowances with CHIP2018 data,and discover that an increase in social security spending may effectively reduce rural poverty.In building a moderately prosperous society in all respects,China should increase social security spending,focusing on specific target groups,and promote the role of social security spending in regulating income distribution and offering social protection to rural residents.
文摘Commonly used statistical procedure to describe the observed statistical sets is to use their conventional moments or cumulants. When choosing an appropriate parametric distribution for the data set is typically that parameters of a parametric distribution are estimated using the moment method of creating a system of equations in which the sample conventional moments lay in the equality of the corresponding moments of the theoretical distribution. However, the moment method of parameter estimation is not always convenient, especially for small samples. An alternative approach is based on the use of other characteristics, which the author calls L-moments. L-moments are analogous to conventional moments, but they are based on linear combinations of order statistics, i.e., L-statistics. Using L-moments is theoretically preferable to the conventional moments and consists in the fact that L-moments characterize a wider range of distribution. When estimating from sample L-moments, L-moments are more robust to the presence of outliers in the data. Experience also shows that, compared to conventional moments, L-moments are less prone to bias of estimation. Parameter estimates obtained using L-moments are mainly in the case of small samples often even more accurate than estimates of parameters made by maximum likelihood method. Using the method of L-moments in the case of small data sets from the meteorology is primarily known in statistical literature. This paper deals with the use of L-moments in the case for large data sets of income distribution （individual data） and wage distribution （data are ordered to form of interval frequency distribution of extreme open intervals）. This paper also presents a comparison of the accuracy of the method of L-moments with an accuracy of other methods of point estimation of parameters of parametric probability distribution in the case of large data sets of individual data and data ordered to form of interval frequency distribution.
文摘This paper analyzes the impact of income distribution gap on consumption demand from a theoretical view,and draws the conclusion that there is an inverse relationship between income distribution gap and consumption demand.Then,the paper finds that the existing widening income distribution gap in China has a negative impact on consumption demand,but this is not the key factor for the insufficient consumption demand because of the low level of per capital income.At last,it suggests that governments should improve the income level of entire residents and adjust income distribution structure simultaneously.
文摘From two perspectives, - the proportion of residential income and the equality of residential income distribution - this paper identifies a widening gap in China＇s income distribution and considers that this is a result of different factors such as technological progress, increasing return on assets, the economic growth priority strategy of local governments, the increasing number of migrant workers who are in a weak position to negotiate wages, as well as the rapid process of industrialization. Based on the above analysis, this paper presents policy recommendations on how to improve the income distribution system.
基金This paper is a staged achievement of ＂Study on China＇s Income Distribution＂, a project supported by National Social Science Foundation.
文摘When observing China＇s income distribution problems .from an international perspective, we find that China＇s income inequality is not much different from developed countries after primary distribution. The real difference between China and developed countries is that income inequality in developed countries will reduce greatly after income redistribution while the income inequality remains the same for China. Therefore, one can conclude that income inequality in China derives from the ineffectiveness of redistribution. However, a large income gap is not the main reason for skewed income distribution in China. In fact, the problem lies in unfair distribution resulting from factor capitalization. A handful of people have taken proceeds from public assets at the expense of all the people, which has led to social poIarization. To remove unfair distribution, China should improve its means of redistribution to narrow its income gap in order to develop a fair and reasonable pattern of income distribution.
文摘This paper discusses the evolution and characteristics of China's national income distribution structure after the dawn of the new century and particularly in China's new normal of social and economic development. This paper casts light on the profound national income distribution and redistribution effects of changing ownership and economic reforms, as well as the microscopic household income distribution effects of changes in macroscopic distribution structure. Based on an analysis of changes in macroscopic distribution pattern, this paper explains the structural contradictions of national income distribution in China and their effects on China's economy, providing a theoretical analysis of income distribution for deepening supply-side structural reform.
文摘The agriculture field is a fundamental industry which supports the rapid development of the nation?s economy.However,credit constraints faced by farmers have restricted the modernization in the agricultural industry.The agricultural supply chain finance is effective in promoting rural industrial revitalization and agricultural modernization,which is of great significance to the transformation and development of rural economy and agriculture in China.In this paper,the financial coordination model in agricultural supply chain is constructed,and the income distribution model of Shapley value method is introduced.The results showed that the agricultural supply chain finance can significantly improve the income of the participants in the agricultural industrial chain and verify the economic feasibility of agricultural supply chain finance.
文摘In the context of urban-rural integration development in China,the distribution of value-added income of rural land collective ownership is related to the protection of farmers rights and interests and the specific implementation of rural revitalization strategy.Based on the entry of rural collectively-owned construction land into the market and the compensation system for land expropriation,this paper discusses in detail the distribution of value-added income of rural land collective ownership,analyzes the current situation,existing problems and causes of the current distribution mechanism,and puts forward countermeasures and suggestions for optimizing the distribution mechanism.Through literature research and case analysis,this paper reveals the unfair phenomenon in the distribution of value-added income of rural land,and discusses the roles and responsibilities of government,collective organizations and individual farmers in the distribution of income.The results show that establishing a fair and reasonable income distribution mechanism,strengthening the construction of laws and regulations,improving farmers participation and protecting their rights and interests are the key to optimizing the distribution of rural land value-added income.In addition,it is expected that this paper will provide some theoretical basis and practical guidance for improving the distribution mechanism of value-added income of rural land collective ownership.
基金2024 Annual Project of Philosophy and Social Sciences Planning of Shenzhen(Project No.:SZ2024B011)2025 Special Research Project of Shenzhen Academy of Social Sciences:Institutional Mechanisms for Promoting Deep Integration Between Manufacturing and Digital Economy in Shenzhen,School-level Quality Engineering Project of Shenzhen Polytechnic(Project No.:10018021310011Z)School-level Scientific Research Project of Shenzhen Polytechnic(Project No.:6025310012S)。
文摘Economic growth and fair distribution are two major goals pursued in economic development.Through a comparative analysis of economies such as those in Europe and the United States,it is found that:Economic growth does not have to be conditional on the expansion of income gap;growth will not automatically lead to fair distribution;efficiency and fairness can occur simultaneously;the transformation of the economic development mode can be achieved through income distribution.A shared development model that takes into account both growth and fairness is the choice to achieve sustained and stable economic growth.It is necessary to deepen the reform of the income distribution system,improve social security and other measures to promote the development achievements to benefit the majority of workers more,and achieve both efficiency and fairness at the same time.
基金the National Science Foundation of China(No.70673072)the National Social Science Foundation of China(No.10JZD013)for financial support
文摘Extending the income dynamics approach in Quah （2003）, the present paper studies the enlarging income inequality in China over the past three decades from the viewpoint of rural-urban migration and economic transition. We establish non-parametric estimations of rural and urban income distribution functions in China, and aggregate a population- weighted, nationwide income distribution function taking into account rural-urban differences in technological progress and price indexes. We calculate 12 inequality indexes through non-parametric estimation to overcome the biases in existingparametric estimation and, therefore, provide more accurate measurement of income inequalitY. Policy implications have been drawn based on our research.
文摘China has experimented with village elections for nearly 20 years. Using village and household survey data collected from 48 villages of 8 Chinese provinces for the period 1986-2002, this paper studies how the introduction of elections affects village governance and income distribution in Chinese villages. The econometric analysis finds the following outcomes. First, village elections have increased the share of public expenditure and reduced the share of administrative expenditure in the village budget, so the accountability of the elected village committee has been enhanced. Second, elections have not led to more income redistribution; instead, they have reduced the progressiveness of income redistribution. Third, elections have reduced income inequality measured by the Gini coefficient in villages. The reduction is equivalent to 5.7 percent of the sample average, or 32 percent of the growth of the Gini coefficient in the period of 1987-2002. Because village elections have not led to more income redistribution, this positive effect must have come from more public investment, which benefits the poor more than wealthier people. The general conclusion that we draw from our results is that, despite institutional constraints, village elections have improved village governance and the life of villagers.
文摘This article examines the impact of catastrophic hurricane events on income distribution in hurricane states in the United States. Media claims have been made and the perception created that the most damaging impact of hurricanes is on the lowest income population in the affected states. If these claims are true, they may have serious implications for the insurance industry and government policy makers. We develop a panel data, fixed effects econometric model that includes hurricane-impacted states as cross-sections using annual data for a period of almost 100 years. The Gini coefficient is used as a measure of income inequality, and is a function of normalized hurricane economic damages, gross domestic product(GDP), a set of socioeconomic variables that serves as a control, time trend, and cross-sectional dummy variables.Findings indicate that for every 100 billion US dollars in hurricane economic damages there is an increase in income inequality by 5.4 % as measured by Gini coefficient.Political, sociodemographic, and economic variables are also significant. These include such variables as the political party controlling the U.S. Senate, the proportion of nonwhite population by state, and GDP. Time trend is a positive and significant variable, suggesting an increase in income inequality over time. There are significant differences among the states included in the study. Our results demonstrate that different segments of the population are differently impacted by hurricanes and suggest how that differential impact could be considered in future government policies and business decisions, particularly those made by the insurance industry.
文摘The employment and income distribution problems after reform and opening up have become more and more lasting. To get these problems clear is of great practical significance in acquiring a deeper understanding of the nature, characteristics, and root causes of the current income distribution and employment problems; and finding a solution is to contribute to the building of a harmonious society. The co-existence of a half-market and half-traditional system is the basic feature of employment and income distribution in China. This paper analyzes the general and structural correlations between income distribution and employment in China. In the analysis of structural correlation, the paper explains the multi-institutional segmentation in the transitional period. In the multi-level areas segmented institutionally, the wage income gap or labor income gap has become the main factor contributing to the general income gap. To narrow the income gap, it is therefore necessary to attach much importance to the reform of employment-related institutions, the establishment, and the improvement of the market economic order.
基金supported by the Fundamental Research Funds for the Central Universitiesthe Research Funds of Renmin University of China under Grant 21XNF014
文摘Under the assumption of constant real wage,Okishio’s theorem shows that profit rates do not fall after any viable technical change.Research has indicated that if real wages rise after the introduction of technical change and then profit rates fall,then such fall in profit rates belongs to the realm of profit squeeze theory,which leads to the claim of the impossibility of a consistent theory of declining profit rate based on Marx’s insight.The present study proposes a two-channel framework to distinguish the mechanism of rising organic composition of capital from that of profit squeeze,and show that any viable capital-using and labor-saving technical change would lower the profit rate if the wage/profit ratio is unaffected in a multi-sector setting.
基金Supported by Jiangxi Social Sciences Project(08SH035)Key Project of National Social Sciences Fund(08AZD005)
文摘From the situations about the incomes and life quality of the urban and rural residents,the thesis briefly introduces the status quo of the urban-rural income gap and explores the impact of the income gap on social economy:firstly,it hampers economic development;secondly,it is detrimental to the social development.Then the thesis analyzes the role of a sound social security in narrowing urban-rural income gap:at first,it broadens the institutional environment of improving the agricultural efficiency;secondly,it eliminates the uncertainties influencing the farmers' income;thirdly,it improves the farmers' capacity to increase income;at last,it enhances the farmers' consciousness of wealth.Next the thesis inquires into the problems existing in the system of rural social security:the first problem is more obviously fragmented system;the second is inadequate security projects and narrower coverage;the third is an obvious lack of equality in urban and rural security;the fourth is even less sound management system;the last is the lagging of legislation.Afterwards the thesis proposes the countermeasures and suggestions to improve the system of rural social security and narrow urban-rural income gap:firstly,to integrate the social security system in rural areas;secondly,to perfect security projects and enhance the security system;thirdly,to integrate the administrative management of social security;at last,to enforce the legal system.
文摘Norms of the institution retiree subsidies are important measures to protect and improve people's livelihood, as well as maintain the stability of the retiree group. The income of institution retiree was studied by analyzing its policies and implementations, also some problems were pointed out such as lacking of subsidy standards,no convergence with the historical data,and the existence of special subsidies. Hence,in order to make a smooth transition and improve the pension insurance system of institution, implementing differentiating subsidies and establishing multi-pillar pension insurance system were proposed to solve the problems above.
文摘The motivation of this paper is to show how to use the information from given distributions and to fit distributions in order to confirm models. Our examples are especially for disciplines slightly away from mathematics. One minor result is that standard deviation and mean are at most a more or less good approximation to determine the best Gaussian fit. In our first example we scrutinize the distribution of the intelligence quotient (IQ). Because it is an almost perfect Gaussian distribution and correlated to the parents’ IQ, we conclude with mathematical arguments that IQ is inherited only which is assumed by mainstream psychologists. Our second example is income distributions. The number of rich people is much higher than any Gaussian distribution would allow. We present a new distribution consisting of a Gaussian plus a modified exponential distribution. It fits the fat tail perfectly. It is also suitable to explain the old problem of fat tails in stock returns.
文摘This paper considers the real value of unpaid work. Actual living satisfaction depends not only on market income measured using the current concept of GDP, but also on unpaid household production. We try to estimate broad household income in Japan based on 2011 government estimates. We assume three household life stages, each of which consists of three cases categorized by the spouse＇s type of work. The results show that income differences between the three cases were very small and women worked longer hours than men in all household life stages. This reveals a different possible view of income distribution and poverty, in which women are overburdened.
文摘To enlarge the middle-income group and construct the "olivary" income distribution becomes one of the important issues of the economic development and income distribution reform in China. The income distribution function is estimated with kernel density, and the income distribution M-curve is constructed with CHNS and CHIP data to calculate the middle-income group. Furthermore, a comparative analysis is carried out for the changing trend of the size and proportion of middle-income group. Research conclusion: it is discovered according to the income distribution M-curve that the key to the enlargement of urban middle-income group lies in the lower middle-income group, while the key to the enlargement of rural middle-income group lies in the improvement of the upper middle-income group. The range of middle-income group is expanding, but due to the small scale, low proportion, and poor stability, it has not developed the "olivary" income distribution structure yet, and income inequality tends to be deepened.
