Equity Index Construction and Research on Wealth Gap

Description

This book constructs a Chinese Social Equality Index–the Mongoose Social Equality Index–with the wealth gap index as its core, and the legal equality index, the socio-cultural equality index, and the financial equality index as its supplement. The book focuses on the influence of the wealth gap on economic and social issues. Empirical research shows that there are three turning points in the influence of the wealth gap index on economic growth: discrepancy turning point, golden turning point and destructive turning point. Based on the latest data，the current expected wealth gap index in China has surpassed the destructive point. This means that wealth brought about by economic growth will largely go to the rich, which aggravates inequality and even brings forth a potential economic recession. Meanwhile, the index also indicates that, as the Chinese economy develops, social equality has been on a noticeable decline. This book will be of interest to economists, China watchers, and political scientists Front Matter ....Pages i-x Introduction (Xiaohuang Zhu, Song Lin)....Pages 1-8 Analysis of Turning Points in Equality and Wealth Gaps (Xiaohuang Zhu, Song Lin)....Pages 9-25 Wealth Gap Index Construction and Data Analysis (Xiaohuang Zhu, Song Lin)....Pages 27-59 Multiple Equality Indexes Related to the Wealth Gap (Xiaohuang Zhu, Song Lin)....Pages 61-96 Analysis of the Turning Point of Wealth Gap Index and Economic Growth (Xiaohuang Zhu, Song Lin)....Pages 97-114 Wealth Gap and Social Development (Xiaohuang Zhu, Song Lin)....Pages 115-141 Conclusions from Mongoose Social Equality Index and Policy Suggestions (Xiaohuang Zhu, Song Lin)....Pages 143-167 Back Matter ....Pages 169-181