Wealth concentration among residents under the economic financialisation in China

Yang Ge and Ting Wang

Economic and Political Studies, 2017, vol. 5, issue 1, 106-125

Abstract: Income distribution has always been a public concern. However, there is little research that seeks to explore the relationship between economic financialisation and wealth concentration. Thomas Piketty, the author of Capital in the Twenty-first Century, reviews the history of wealth distribution since the Industrial Revolution and attempts to probe into the law between capital development and wealth distribution inequality with bulk data. Enlightened by Piketty’s research, this article looks into the ways in which capitalisation affects wealth distribution under the rapid development of economic financialisation in contemporary China. In doing so, it applies econometric methods with a rigorous analysis.

Date: 2017
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DOI: 10.1080/20954816.2016.1274518

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