Consumption Recovery and Economic Rebalancing in China

2013 ◽  
Vol 12 (1) ◽  
pp. 47-67 ◽  
Author(s):  
Yiping Huang ◽  
Jian Chang ◽  
Lingxiu Yang
Keyword(s):  
Income Distribution ◽  
Household Income ◽  
Chinese Economy ◽  
Complete Picture ◽  
Labor Income ◽  
Official Statistics ◽  
Policy Strategy ◽  
The Past ◽  
Factor Markets ◽  
A Share

Boosting consumption has been a policy strategy for rebalancing the Chinese economy. The official statistics, however, show persistently declining consumption as a share of GDP during the past decade. In this paper, we provide a more complete picture of Chinese consumption by piecing together data from official and unofficial sources. Our estimations suggest that the consumption share rebounded from 2008, after a period of decline. This may provide the first piece of evidence that the rebalancing of the Chinese economy is already under way as a result of changes in factor markets, especially rapid increase in labor income, that have resulted in increases in household income as a share of GDP and improvement in income distribution across households.

Recent Trends in the Chinese Economy

1973 ◽  
Vol 53 ◽  
pp. 1-33 ◽  
Author(s):  
Thomas G. Rawski
Keyword(s):  
Economic Policy ◽  
Income Distribution ◽  
Agricultural Production ◽  
Chinese Economy ◽  
The Past ◽  
Official Policy ◽  
Recent Trends ◽  
Economic Specialization

The past 15 years have been eventful ones for the Chinese economy. They have seen an ambitious attempt at economic acceleration decline into agricultural crisis, a major reversal of the direction of economic policy, agricultural recovery and resurgent economic momentum. These years have brought major changes to the Chinese economy: whole new industries have appeared; official policy towards such diverse areas as education, income distribution, regional dispersion of industry and economic specialization has shifted repeatedly; the organization of agricultural production has also changed.

The changing fortunes of UK retired households, 1977–2017

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Chris Gilleard
Keyword(s):  
Income Inequality ◽  
Income Distribution ◽  
Household Income ◽  
Temporal Contiguity ◽  
Negative Effects ◽  
Content Type ◽  
The Past ◽  
Working Age ◽  
The Uk ◽  
Improve Access

PurposeThis study aims to explore whether trends in the pattern of income inequality over the past 40 years apply equally to working and retirement age households in the UK, and if so, why this might be so.Design/methodology/approachDrawing on data from the Office of National Statistics, various indices of income inequality have been calculated among retired and working-age households for the period 1977–2017.FindingsDespite a broadly similar trend towards increasing inequality during the 1980s and into the 1990s among both types of household, income inequality among UK retired households has always remained below than that of working-age households. For retired and working-age households alike, the fortunes of those in the upper half of the income distribution have seen themselves do better. Despite the temporal contiguity, different explanations for both sets of inequalities seem to be required, and likely different strategies needed to ameliorate their more negative effects.Originality/valueFew studies have conducted comparisons of inequality between retirement and working-age households over four decades in any country. The present study's long view suggests that factors creating inequality in the upper half of the income distribution may differ in both their cause and impact, compared with inequalities in the lower half. Arguably, the greatest need is to improve access to benefits for those retired householders at the bottom of the income distribution.

scholarly journals The Impact of a Conditional Cash Transfer Program on Household Income in Colombia

2012 ◽  
Vol 19 ◽  
pp. 6
Author(s):  
Diana Hincapié
Keyword(s):  
Income Distribution ◽  
Household Income ◽  
Positive Impact ◽  
Conditional Cash Transfer ◽  
Cash Transfer ◽  
Labor Income ◽  
Transfer Program ◽  
Transfer Programs ◽  
Conditional Cash Transfer Program ◽  
The Impact

This paper estimates the impact of Familias en Acción, the largest Colombian conditional cash transfer program, on household income. It uses a Quantile Regression methodology and Difference-in-Difference estimators to capture the impact of the program on household income at different quantiles of the income distribution. The estimations show that the program has a positive impact on household income, and that this impact is larger for the households at the lower quantiles of the income distribution. Additional analyses examine whether these results stem from changes in labor market participation or increases in non-labor income. There is some indication that for program participants there was a decrease in labor income, while there was an increase in subsidies or non-labor income. Implications of these findings for conditional cash transfer programs are discussed.

scholarly journals Labor’s Declining Share of Income and Rising Inequality

2011 ◽  
pp. 1-6 ◽  
Author(s):  
Margaret Jacobson ◽  
Filippo Occhino
Keyword(s):  
United States ◽  
Income Inequality ◽  
The United States ◽  
Labor Income ◽  
Total Income ◽  
Labor Share ◽  
The Past ◽  
Future Path ◽  
A Share

Labor income has been declining as a share of total income earned in the United States for the past three decades. We look at the past effect of the labor share decline on income inequality, and we study the likely future path of the labor share and its implications for inequality.

scholarly journals Impact of Enterprise Financing Constraints on Labor Income Share Based on Internet of Things Data Analysis Technology

2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
Mengting Zhang ◽  
Wei Xu ◽  
Jun Zhang
Keyword(s):  
Data Analysis ◽  
Internet Of Things ◽  
Income Distribution ◽  
Distribution Pattern ◽  
Negative Impact ◽  
Chinese Economy ◽  
Labor Income ◽  
Technology Application ◽  
Income Share ◽  
The Impact

Although the Chinese economy has developed rapidly since the reform and opening up, the income distribution gap is widening year by year. The final social income distribution pattern is highly dependent on the primary distribution pattern. Therefore, the changing trend and influencing factors of labor income share have become the focus of academic research and the focus of government attention. Based on this, this article proposes enterprise financing based on Internet of Things data analysis technology. Studies on the impact of restraints on labor income shares will help further research on the impact of corporate financial restraints on future labor income shares. Based on the financial data reports published in the CCER database and the company’s IPO prospectus and annual report, this paper discusses whether the company’s key business products belong to the Internet of Things’ key technology application categories. Take 226 IoT companies as the research objects of this article, and conduct a secondary screening. The final survey sample is used to investigate the impact of corporate funding constraints on labor income share. Tests have proved that among the 179 resource-based enterprises undergoing transformation, 109 enterprises have undergone intraindustry transformation, accounting for 48.23% of the overall sample and 60.89% of the sample of transformed enterprises. Downstream expansion makes the business industry expand. This shows that funding constraints have a negative impact on labor income share. This is primarily the result of the impact of the long-term debt-to-asset ratio on labor income share.

Income Distribution and Consumption Structure of Chinese Economy

2017 ◽  
Vol 19 (2) ◽  
pp. 73-122
Author(s):  
Kun-oh Jung ◽  
Jaepil Kim ◽  
Eungsoon Lim
Keyword(s):  
Income Distribution ◽  
Chinese Economy ◽  
Consumption Structure

scholarly journals The impact of a minimum wage change on the distribution of wages and household income

2020 ◽  
Author(s):  
Paul Redmond ◽  
Karina Doorley ◽  
Seamus McGuinness
Keyword(s):  
Income Distribution ◽  
Minimum Wage ◽  
Wage Inequality ◽  
Household Income ◽  
Spillover Effects ◽  
Wage Distribution ◽  
Wage Increase ◽  
Minimum Wage Increase ◽  
Wage Change ◽  
The Impact

Abstract We use distribution regression analysis to study the impact of a 6% increase in the Irish minimum wage on the distribution of hourly wages and household income. Wage inequality, measured by the ratio of wages in the 90th and 10th percentiles and the 75th and 25th percentiles, decreased by approximately 8 and 4%, respectively. The results point towards wage spillover effects up to the 30th percentile of the wage distribution. We show that minimum wage workers are spread throughout the household income distribution and are often located in high-income households. Therefore, while we observe strong effects on the wage distribution, the impact of a minimum wage increase on the household income distribution is quite limited.

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