Housing Ownership, Incomes, and Inequality in China, 2002–2007

Satō, Hiroshi; Sicular, Terry; Yue, Ximing

doi:10.1017/cbo9781139035057.005

Cited by 23 publications

(18 citation statements)

References 23 publications

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“…In summary, consistent with previous findings (Meng 2007; Li and Zhao 2008; Sato, Sicular, and Yue 2013; Zhao and Ding 2010), housing is the main contributor to household wealth inequality in contemporary China. The disproportional share of housing assets in household wealth may underscore underlying structural problems that may slow down China’s further economic development, as little private wealth is invested in production, job creation, and research and development.…”

Section: Household Wealth Compositionsupporting

confidence: 92%

Household Wealth in China

Xie

Jin

2015

Chinese Sociological Review

195

118

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With new nationwide longitudinal survey data now available from the China Family Panel Studies (CFPS), we study the level, distribution, and composition of household wealth in contemporary China. We find that the wealth Gini coefficient of China was 0.73 in 2012. The richest 1 percent owned more than one-third of the total national household wealth, while the poorest 25 percent owned less than 2 percent. Housing assets, which accounted for over 70 percent, were the largest component of household wealth. Finally, the urban-rural divide and regional disparities played important roles in household wealth distribution, and institutional factors significantly affected household wealth holdings, wealth growth rate, and wealth mobility.

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Section: Household Wealth Compositionsupporting

confidence: 92%

Household Wealth in China

Xie

Jin

2015

Chinese Sociological Review

195

118

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“…It then declined to 3.0 in 2015, which is a rate that is still higher than that in 1978. These trends have been exacerbated by increasing private property ownership in China [28].…”

Section: Social Dimension Of Sd-income Disparity Urban Poverty and mentioning

confidence: 99%

Corporate Social Responsibility and Sustainable Development in China: Current Status and Future Perspectives

Zhang

Morse

2019

Sustainability

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With a long history, large population, rapid economic growth, and major social transformation in recent years and the launch of the Belt and Road Initiative, China has increasingly become an important global player. However, the negative social and environmental consequences of such a fast and extensive economic expansion are becoming significant. A series of measures have been taken to tackle the current problems faced by the country, including the issuing of new laws and regulations, and the most recent is China's ban on plastic waste imports. However, there is a significant gap between Chinese laws and their implementation. Therefore, more people are putting their hope in a combination of legislation and Corporate Social Responsibility (CSR) to help address the current social and environmental problems faced by the country. This paper discusses the drivers of CSR in China and compares them to the drivers of CSR in the West. The paper also explores the extent to which CSR can make a contribution to solving the sustainable development challenges faced by China and discusses possible solutions if the current CSR pattern fails. Finally, the paper makes suggestions for future research on CSR in China.

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“…We will discuss each of them, starting with the first mentioned. Along with the privatization of urban housing and the very rapid increase in housing prices, imputed rent of owner-occupied housing has increased rapidly in China and has a larger impact on overall income inequality (Sato, Sicular, and Yue 2013 owner-occupied housing. Inputs in such calculations are typically based on information on market rent and/or market value of housing, both of which can be significantly biased when coming from a respondent's estimates.…”

mentioning

confidence: 99%

Data for studying earnings, the distribution of household income and poverty in China

Gustafsson

Satō

2014

China Economic Review

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Housing Ownership, Incomes, and Inequality in China, 2002–2007

Cited by 23 publications

References 23 publications

Household Wealth in China

Household Wealth in China

Corporate Social Responsibility and Sustainable Development in China: Current Status and Future Perspectives

Data for studying earnings, the distribution of household income and poverty in China

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