THE DISTRIBUTION OF WEALTH IN URBAN CHINA AND IN CHINA AS A WHOLE IN 1995 |
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| Authors: | Björn Gustafsson Li Shi and Wei Zhong |
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| Institution: | University of Göteborg and Institute for the Study of Labor (IZA), Bonn; Beijing Normal University and Institute for the Study of Labor (IZA), Bonn; Institute of Economics, Chinese Academy of Social Sciences, Beijing |
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| Abstract: | The composition, inequality and determinants of wealth among households in urban China in 1995 are studied. In addition, we compare the wealth distribution in urban China with the wealth distribution in rural China and present the first estimates of inequality in the distribution of household wealth in China as a whole. The results show that housing wealth makes up a large part of net worth in urban China. Most urban Chinese households keep a bank account; debts are unusual. A household's net worth is strongly related to its income and location. Net worth is more unequally distributed among urban households than among rural households. However, compared to the situation in most industrialized countries, net worth in urban China and in China as a whole appear to be rather equally distributed. |
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