Trends,Sources and Driving Mechanisms of Household Wealth Inequality in China(2010-2020)
Wealth inequality has become a significant economic and social issue beyond income inequality.However,there is a lack of systematic research on wealth inequality among Chinese households.Using data from the China Family Panel Studies,this study examines the trajectory of household wealth inequality in China and further explores the asset sources and driving mechanisms of wealth inequality.The study finds that household wealth inequality maintained a high level,but there was a general downward trend in wealth inequality between 2010 and 2020.Regarding the asset types that make up household wealth,inequality in housing assets was the main source of household wealth inequality,whose role was gradually diminishing,whereas inequality in financial assets was increasing.Regarding the driving mechanisms,income and debt generated through asset investment could accelerate wealth accumulation.However,high-class households had a greater capacity to accumulate wealth,thus creating an unequal distribution of household wealth.
NETL
NSTL
万方数据
