IMF paper links Chinese growth to ‘drastic increase’ in inequality
Consumption and income inequality co-move closely
China's rapid growth in recent decades seems to have come at the cost of rising economic inequality, with an unusually close relationship between consumption and income inequality, a new working paper finds.
Published on December 12 by the International Monetary Fund, the paper uses unique data from an urban household survey to track inequality from 1986 to 2009. Authors Haiyan Ding and Hui He find inequality has been increasing "drastically", in line with anecdotal evidence from the public.
The
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