China's growing but slowing inequality of household wealth, 2013–2018: A challenge to ‘common prosperity’?

Haiyuan Wan and John Knight

China Economic Review, 2023, vol. 79, issue C

Abstract: By examining the period 2013–2018, this paper follows up a previous one which analysed the increase in the inequality of China's wealth per capita over the period 2002–2013. It finds that the Gini coefficient, having risen rapidly over the earlier period, continued to grow but did so more slowly in the later period, at the national level and in both urban and rural China. Counterfactual analysis identifies the lower rate of house price inflation as an important reason for the slowdown. Policies and policy options are examined, both directly on wealth inequality and indirectly through control of house price inflation. Nevertheless, the rising inequality of wealth per capita among households does indeed pose a challenge to the achievement of ‘common prosperity’ in China. It deserves more policy attention.

Keywords: China; Common prosperity; House price inflation; Inequality of wealth (search for similar items in EconPapers)
JEL-codes: D31 R31 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:79:y:2023:i:c:s1043951x23000329

DOI: 10.1016/j.chieco.2023.101947

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