@article{40776,
  author = {Yu Xie and Xiang Zhou},
  title = {Income inequality in today{\textquoteright}s China},
  abstract = { <div class="executive-summary significance-box">
<p id="p-4">We document a rapid increase in income inequality in China{\textquoteright}s recent past, capitalizing on newly available survey data collected by several Chinese university survey organizations. By now, China{\textquoteright}s income inequality not only surpasses that of the United States by a large margin but also ranks among the highest in the world, especially in comparison with countries with comparable or higher standards of living. We argue that China{\textquoteright}s current high income inequality is significantly driven by structural factors attributable to the Chinese political system, the main structural determinants being the rural-urban divide and the regional variation in economic well-being.</p>
</div> },
  year = {2014},
  journal = {Proceedings of the National Academy of Sciences of the United States of America},
  volume = {111},
  pages = {6928-2933},
  language = {eng},
}