income inequality in China

income inequality in China

Order Description

write the paper based on the outline approved by my professor, which will be attached below. Also use references from the books and articles.

Article name – Income inequality in the People’s Republic of CHina: Trends, Determinants, and Proposed Remedies, written by Chen Wang, Guanghua Wan, and Dan Yan

Book #1 – DIVIDED – The Perils of our Growing Inequality by David Cay Johnston

Book #2 – Economics Explained: Everything You Need to Know About How the Economy Works and Where It’s Going, written by Robery Heilbroner and Lester Thurow

Make Reference on these data in paper please
https://povertydata.worldbank.org/poverty/country/CHN
https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html

Other sources I found that can be use as reference if needed or find better ones
https://www.diva-portal.org/smash/get/diva2:518600/FULLTEXT01.pdf
https://conference.iza.org/conference_files/inequality_2015/lin_c6255.pdf

Income inequality in China and the urban-rural divide

https://www.pnas.org/content/111/19/6928.full

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Income Inequality in China (Outline)

#1 Introducing: description of income distribution
Income inequality, the extent to which income is distributed in an uneven manner. Income inequality is not only an economic issue, it also a big issue in our society.

#2 measuring inequality
Gini coefficient is a statistical use to measure income inequality in the society. It was developed by Italian statistics and sociologist Corrado Gini in early 1900. It is a scale value between 0 and 1. When the Gini index equals 1, that means the annual income distribution is absolutely unequal, which only one person hold all the income in hand and others doesn’t have any income.
When Gini index is zero, it means the income distribution is absolutely equal, which everyone make the same amount of money. This two situations are only conception and theory, therefore
The bigger number of the Gini-index cause more unfair of the income inequality. Instead, the smaller number of the Gini-index means the less unfair of the income inequality. In order to calculate the Gini coefficient, its is important to understand the Lorenz Curve.

#3 History of China’s income inequality
In the end of 1970s, the Gini-index was under 0.3, and in the middle of 1980 the Gini-index went over 0.3. Now it is close to 0.5.

#4 causes and Consequences
There are two main reason that the income inequality in China. Because of the historical factors, China is a undeveloped country with most of the population in the countryside. The system construction is the second reason cause the income inequality in China.

#5 What /how will China try to improve this wide gap?

#6Conclusion: Conclude income inequality and connect back to the thesis


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