The Kuznets Curve on Income Distribution Does Not Hold in China: A Critical Assessment
Qichun He and
Heng-Fu Zou ()
No 607, CEMA Working Papers from China Economics and Management Academy, Central University of Finance and Economics
We find robust evidence that within each consecutive dynasty of ancient China, inequality demonstrates a "U" shape (or rather a "spoon" shape, to be more precise). As inequality hit an upper limit, war occurred, leading to a new dynasty replacing the old one. The cycle would then repeat itself. A simple explanation for this has been offered, and policy implications have also been presented.
Keywords: Kuznets Curve; Income inequality; U shape; Ancient China (search for similar items in EconPapers)
JEL-codes: N95 O11 O43 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cna, nep-his and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:cuf:wpaper:607
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