Income inequality,volatility, and mobility risk in China and the US |
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Authors: | Austin Nichols |
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Institution: | Urban Institute, 2100 M St NW, Washington, DC 20037, United States |
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Abstract: | A unified index of income inequality, volatility, and mobility risk is presented, and measurements based on US and Chinese panel data calculated. China is found to have higher-income volatility than the US in recent data, so that long-run inequality is comparable in the two countries, and short-run inequality overstates long-run inequality more in China than in the US. In both countries volatility and income inequality are increasing over time. |
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