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新结构经济学workshop: Transition and Inequality
发布日期：2018-11-30 12:12 来源：大陆成人直播-成人直播中文
新结构经济学workshop: Transition and Inequality
时间：2018年11月30日上午10:00-11:30
地点：北京大学英杰交流中心359s会议室
主持人：王勇
主讲人：Zhe Fu (School of Finance, University of International Business and Economics)
Title: Transition and Inequality
Abstract:
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.
Speaker:
Zhe Fu is an Assistant Professor of School of Finance at University of International Business and Economics (UIBE). Professor Fu’s research interest is macroeconomic research, particularly in economic growth and income inequality. He also studies the role of infrastructure investment and financial intermediation cost on growth and income distribution. Professor Fu received his Ph.D. in Economics degree from George Washington University in 2017.
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大陆成人直播
-
新结构经济学workshop: Transition and Inequality
发布日期：2018-11-30 12:12 来源：大陆成人直播-成人直播中文
新结构经济学workshop: Transition and Inequality
时间：2018年11月30日上午10:00-11:30
地点：北京大学英杰交流中心359s会议室
主持人：王勇
主讲人：Zhe Fu (School of Finance, University of International Business and Economics)
Title: Transition and Inequality
Abstract:
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.
Speaker:
Zhe Fu is an Assistant Professor of School of Finance at University of International Business and Economics (UIBE). Professor Fu’s research interest is macroeconomic research, particularly in economic growth and income inequality. He also studies the role of infrastructure investment and financial intermediation cost on growth and income distribution. Professor Fu received his Ph.D. in Economics degree from George Washington University in 2017.
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