Income distribution policy options amid the global financial crisis

ZHU Ling1( 朱玲 ) and JIN Chengwu2( 金成武 )
1Professor, Institute of Economics, Chinese Academy of Social Sciences
2Assistant professor, Institute of Economics, Chinese Academy of Social Sciences

Abstract:
This statistics-based study shows that in China the urban-rural income gap is contributing more to general
income inequality than regional income gaps are. The regional income disparity sets in an east-west plus central
contrast while the urban-rural gap is most significantly present in the west and central areas between the cities
and the countryside. Rural migrant laborers have helped shrink the urban-rural and regional income gaps.
However, when the economy is hit by the global financial crisis to slow, a number of public actions are crucial and
urgent to reduce income inequality and enhance social stability. The actions would include an immediate social
bail-out and provisions for social security for rural-based migrants currently working in the cities, employment
programs targeting low-income group as well as encouraging entrepreneurship.
Key words:
Income inequality; Re-distribution policies

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