Labor’s Share of Income: Another Key to Understand China’s Income Inequality
Labor’s Share of Income: Another Key to Understand China’s Income Inequality

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This book analyzes the decrease in labor share in China, which is a ratio of national income distribution to capital at three different levels (macro, meso, and micro) and from three different perspectives (growth, transition and opening up). The worsening income distribution has been a key issue for both Chinese and global economies in recent decades. The book shows that the decrease in labor share is closely related to economic growth, increasing extent of globalization, and firms with heterogeneous characteristics. Moreover, the book explains income inequality in detail, focusing on China’s increasingly important and emerging economy.

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  • Released: November 16, 2020
  • Author: Minghai Zhou
  • Rating: 4
  • Publisher: Ebook DIgital Agency
  • Total Page: 1017 pages
  • File Size: 3670 KB
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