题目：Transition and Inequality

主讲人：丁海燕博士

时间：2018年10月25日14：00-16：00

地点：浙江财经大学我院1号楼302室

主办单位：浙江财经大学现代公共经济学研究中心

内容摘要：Transition increases economic inequality. This paper establishes a theory to explain why. Workers in state-owned enterprises (SOEs) face on average significantly lower idiosyncratic income shocks than their counterparts in private-owned enterprises (POEs). Economic transition, resulting from a continuously reducing subsidy to SOEs, pushes workers to move from SOEs to POEs. The transition in labor market thus changes the composition of underlying income shock structure in the aggregate economy. This leads to rising income inequality and co-moving consumption inequality. We calibrate the model to the Chinese economy in transition and show that the model is able to capture the majority of rising economic inequality in urban China.