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  5. From Communism to Capitalism: Private versus Public Property and Inequality in China and Russia

From Communism to Capitalism: Private versus Public Property and Inequality in China and Russia

  • Filip Novokmet
  • Thomas Piketty
  • Li Yang
  • Gabriel Zucman
AEA Papers and Proceedings
vol. 108, May 2018
(pp. 109-13)
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Abstract

This paper combines national accounts, survey, wealth, and fiscal data (including recently released tax data on high-income taxpayers) in order to provide consistent series on the accumulation and distribution of income and wealth in China and Russia over the 1978–2015 period. We contrast the different privatization strategies implemented in the two countries and observe their impacts on the evolution of inequality.

Citation

Novokmet, Filip, Thomas Piketty, Li Yang, and Gabriel Zucman. 2018. "From Communism to Capitalism: Private versus Public Property and Inequality in China and Russia." AEA Papers and Proceedings, 108: 109-13. DOI: 10.1257/pandp.20181074

Additional Materials

JEL Classification

  • D31 Personal Income, Wealth, and Their Distributions
  • D63 Equity, Justice, Inequality, and Other Normative Criteria and Measurement
  • E25 Aggregate Factor Income Distribution
  • O15 Economic Development: Human Resources; Human Development; Income Distribution; Migration
  • P26 Socialist Systems and Transitional Economies: Political Economy; Property Rights
  • P36 Socialist Institutions and Their Transitions: Consumer Economics; Health; Education and Training: Welfare, Income, Wealth, and Poverty