中國(guó)金融四十人論壇工作論文系列
CF40 Working Paper Series
NO. CF40WP2017017（總第70期）
Technical Change and Income Inequality in China
Xun Zhang , Guanghua Wan , Chen Wang , Zhi Luo
2017年06月01日
Abstract：The purpose of this paper is to explore the inequality-technical change relationship. Different from earlier studies, we aim to gauge the impact of technical change on the overall inequality, not just a particular component of inequality. This is achieved by establishing that the labor share of income is negatively correlated with overall inequality as indicated by the popular Gini coefficient, and by modeling the labor share of income as a function of technical change. The empirical model of labor share of income is estimated using 1978-2012 provincial panel data from China. The main estimation results show that technical change in China had been mostly capital-biased. It contributed to the successive reductions in China’s labor share of income, and thus rapid rises in income inequality.
Key words：Inequality; Technical Change; Labor Share of Income Financial Development
JEL：D33, E25, L32, O33
（Xun Zhang，Beijing Normal University, China; Shanghai Finance Institute。）
報(bào)告全文：Technical Change and Income Inequality in China
說(shuō)明：中國(guó)金融四十人論壇（CF40）是非官方、非營(yíng)利性的專業(yè)智庫(kù)，專注于經(jīng)濟(jì)金融領(lǐng)域的政策研究。本工作論文是未曾公開發(fā)表的論文。文中觀點(diǎn)僅代表作者本人，不代表本論壇及作者所在單位意見。未經(jīng)許可，謝絕任何形式的轉(zhuǎn)載和復(fù)制。
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