首页|Why is inequality higher among the old? Evidence from China

Why is inequality higher among the old? Evidence from China

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  • NSTL
  • Elsevier
This paper studies income inequality in old age and its development over the life cycle. We show that income is more unequally distributed in old age than in working age. We combine the regression-based inequality decomposition method and the three-step mediating effect test to analyze the transmission of income inequality from initial socioeconomic differences to income inequality in old age. Our study is based on a panel of over 4000 old households from the China Health and Nutrition Survey during 1991?2015. We find that the urban-rural gap and educational inequality are the primary causes of old-age income inequality. The effect of the urban-rural gap is partially mediated by educational inequality. Inequality accumulates with age and is reinforced in old age by the fragmented Chinese public pension system.

InequalityDecompositionUrban-rural gapPensionsChina

Hanewald, Katja、Jia, Ruo、Liu, Zining

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Univ New South Wales, Sch Risk & Actuarial Studies, Ctr Excellence Populat Ageing Res CEPAR, UNSW Business Sch, Sydney, NSW, Australia

Peking Univ, Sch Econ, Dept Risk Management & Insurance, Yiheyuan Rd 5, Beijing, Peoples R China

Cent Univ Finance & Econ, Sch Insurance, South Coll Rd 39, Beijing, Peoples R China

2021

10.1016/j.chieco.2021.101592

China Economic Review

China Economic Review

SSCI
ISSN：1043-951X
年,卷(期)：2021.66
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