Workers’ income risk and the evolution of income inequality in China

Yan Wang and Juan Carlos Conesa

Economics Letters, 2024, vol. 234, issue C

Abstract: We estimate the labor income process faced by Chinese workers in three distinct sectors. Agricultural workers experience the highest level of income risk and the lowest average income, whereas those in the private sector face significantly greater risk and lower average income compared to their non-private sector counterparts. We find a substantial increase in inequality across sectors, instead of increasing risk within sectors.

Keywords: Income risk; China; Agriculture; Private sector; Non-private sector (search for similar items in EconPapers)
JEL-codes: J3 O5 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:234:y:2024:i:c:s0165176523005049

DOI: 10.1016/j.econlet.2023.111478

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