Promoting Common Prosperity:Theoretical Basis and Reform Measures
By the analysis of the relationship between introducing capital income ratio,return on capital,and a country's share of capital income,this paper elucidates the theoretical basis of finance behind the continuous concentration of share of capital income and the continuous differentiation of wealth.Based on the theoretical analysis,theoretical inference is made on how some economic phenomena such as aging and financialization affect common prosperity.This not only achieves the purpose of interpreting the theoretical connection between current economic and social phenomena and common prosperity,but also provides fundamental theoretical support for empirical research on related topics.On this basis,the theoretical connection between financial structure and wealth inequality,as well as the four transmission paths through which financial structure affects wealth inequality,were systematically elaborated.The theoretical basis and reform path for eliminating inequality and promoting common prosperity were first time elaborated from the perspective of financial reform.This provides a theoretical framework for further research on how to promote common prosperity through financial structure reform,and combined with theory,reform measures that can be used for reference were proposed.The above exploratory findings have achieved the research goal of expanding the path of common prosperity reform from the perspective of finance.
capital income ratiowealth gapfinancial structurereform measures