Browsing by Author "Huang, Bihong"
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Demystifying rising inequality in Asia
(Asian Development Bank Institute, 2019)
Income inequality is one of the most profound social, economic, and political challenges of our time. The gap between the rich and the poor has been regarded as a major concern for policy makers. This gap is at its highest level in decades for developed economies, while the inequality trend has been rising in many developing countries. In Asia, despite recent economic growth, income distribution has been worsening as well. This book contributes to the existing literature on inequality in Asia by overviewing the new trend of inequality in Asia and ... -
Population Aging and Inequality: Evidence from the People’s Republic of China
Population aging has significant economic and social costs, and this paper studies its impacts on inequality, both theoretically and empirically. First, we build a two-period overlapping-generation model with an uncertain lifetime and find that population aging has the overall effect of increasing income and consumption inequality within the society. For the empirical analysis, we use household data from the China Health and Nutrition Survey to assess the age effect on income and consumption inequality in the People’s Republic of China and confirm ...