Measuring the level and inequality of wealth: An application to China

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dc.creatorWard, Patrick S.
dc.date2014
dc.date2024-08-01T02:50:03Z
dc.date2024-08-01T02:50:03Z
dc.date.accessioned2026-06-27T15:35:19Z
dc.descriptionWe construct and compare three distinct measures of household asset wealth that complement traditional income‐ or expenditure‐based measures of socioeconomic status. We apply these measures to longitudinal household survey data from China and demonstrate that household asset wealth has been increasing over time, a theme consistent with many previous studies on the process of development in China. Unlike other studies that have shown rising income inequality over time, however, we show that asset wealth inequality has actually been declining in recent years, indicating widespread participation in the benefits of economic reforms. Furthermore, the evolution in the cumulative distribution of household welfare is such that social welfare has been increasing with the passage of time, despite rising inequality in the early years of the survey.
dc.identifierhttps://hdl.handle.net/10568/149842
dc.identifier.urihttp://hdl.handle.net/123456789/108686
dc.languageen
dc.publisherWiley
dc.rightsLimited Access
dc.sourceWard, Patrick S. 2014. Measuring the level and inequality of wealth: An application to China. Review of Income and Wealth 60(4): 613-635. https://doi.org/10.1111/roiw.12063
dc.subjectwealth
dc.subjecteconomic development
dc.subjectcomponent analysis (statistics)
dc.subjectmeasurement
dc.subjectassets
dc.subjectpoverty
dc.subjectcapital taxation
dc.subjectprincipal component analysis
dc.titleMeasuring the level and inequality of wealth: An application to China
dc.typeJournal Article

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)