Recently, Zou Jianwen, the researcher of the Base and his collaborator's research achievement "Higher-order Income Risk, Income Mobility and Inequality" was officially published (cover paper) in the 1st issue 2024 of the authoritative journal China Economic Quarterly.
Abstract:
This paper proves the existence and heterogeneity of higher-order income risk and examines the impact of higher-order income risk on income mobility and inequality. The results indicate that optimizing the income shock structure and eliminating higher-order income risk improves income mobility, reduces the risk of income stagnation for lower-income groups, and reduces consumption inequality and wealth inequality. Therefore, on the one hand, the government needs to preserve employment and reduce labor market frictions to protect workers from extreme income shocks such as unemployment. On the other hand, the government needs to further improve the vocational training system and career advancement system to reduce the risk of workers slipping down the career ladder.
About the Author:
Zou Jianwen, a full-time researcher at Innovation and Talent Base for Income Distribution and Public Finance, holds a Ph.D. in economics from Huazhong University of Science and Technology. His research fields include consumption and investment, with a focus on structural estimation studies. He has published papers in journals including Economic Research Journal, China Economic Quarterly, and Economic Perspectives. He received the 18th Zhang Peigang Outstanding Doctoral Dissertation Award and has chaired various projects including the youth project of the National Natural Science Foundation of China, the youth project of the Ministry of Education Foundation on Humanities and Social Sciences, the general project of the China Postdoctoral Science Foundation, and the Young Teachers Academic Innovation Program of Zhongnan University of Economics and Law (ZUEL).
Introduction:
Founded in October 2001, China Economic Quarterly is a comprehensive journal of economics supervised by Peking University, organized by the China Center for Economic Research of Peking University and published by Peking University Press. The journal has always adhered to the mission of providing a focus for exchanges in Chinese economic field and its purpose is to pave the way and build bridges for the development of China's economic discipline to go global. It studies China's indigenous economic phenomena in an international normative manner, with the idea that when China becomes the largest economy in the world, it will study the achievements made by China's economy as world-class achievements, aiming at providing a high-level publishing platform for the research of Chinese economists.