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毕业论文(设计)外文翻译题目城镇劳动力市场就业平等指数初步研究学院统计与数学学院专业统计学班级统计081学号08210103学生姓名李慧指导教师张昭时二一二年三月CAPITALINCOMEANDINCOMEINEQUALITYEVIDENCEFROMURBANCHINAWEICHIHINSESCHOLOFECONOMICSANDMANGEMNTTSIGHUAUIVERSITY,BEIJN,1084,CHINACHIWSEMTSINGHUAEDUCNTEL861062795072FAX1THISPAERISSUPORTEDBYTHECHINESENATIONALSOCIALSCIENCEFOUNDATIONKEYGRANTGRNTO10ZDINCOMEINEQUALITYREGIONALINCOMEGAPSGINICOEFICIENTJELCODEJ31INTRODUCTIONTHERCENTRISEINICOMEINEQUALITYINURBANCHINAHSATRCTEDGREATATENTIONFROMREARCHERSADPOLICYMAKERSMUCHOFTITENTIONHSBENFOCUSEDTHGNITUDOFINCOEINEQULITYANDREASONSFORTHERISINGINEQUALITYASANIDIVIALSIMCOSISTSOFBOTHWGEADNWAEINCOME,RISIGINCOMEIEQUALITYMYBECAUSEDBYWIDENIGAINEQUALITYSLASNOWAINLITESPREVIOUSRARCHONICOMEINEQUALITYINCHINAHMSTLYFOCUSEDONWAGINQALITYNDISCOVERDTHATHCHGESITEWAGESTRUCTRE,GTHEICRESIGRETURSTOEUCATIONWIDENDWAGAPSBETWNNDR,INDUSTRY,OCCUPATINS,ANDREGIS,HAVLTOTHERISINWAGEINQUALITYIURBACHINACHIETL,201MN,204APLETNTAL,205GSTFSSONADLI,201KNIGHTANDSONG,203,191INCOTRSTTOMANYSTUDIESOWGEINEQUALITY,TERRERLATIVELYFEWSTUDIESTHATHAVEFCUSEDONINQALITYINOWAGINCOM,SPCIFICALYCAPITALINCOMCPITALICOMEHSTHEPOTENTIALTOINFLUENCEIEINEQUALITYSIGNIFCANTLYAPITALINCOEFROMTHIVESTMETOFTAGIBLADITNGIBLEASSETS,ADISCOMPRISEDOFINTERST,DIVIENDS,RNTFRLESINPROERTYORPROFITFROMSELINGTHEPRRTY,ORINCOMFROMITELCTUALPROERTYHIGHINCOMEARNERSTEDTOAVGREATRASSETSANDTHUSRCEIVEMRCAPITALINCOETHANLOWINCOMERNRSCPITLICOMEIS,THN,ACCUULTEDSCAPITLDGERATSOREICOME,WHICHNSEQUETLYCAUSESTHFURTHERWIDENIGOFINCOMEINEQUALITYTHISFECTISKNOWNASTHEMATEWEFCTITHRICHETRICHRADTHPORGETPORINCINA,SINCETHSHANGHAINDSHENZHENSTOCKEXCHANGESWERFOUNDEINTHEARLY190S,INVESTMETCHELSFORURBACITIZENSHVBNGREATLYEXPANDHOUSIGRFORANDTHDVLPMENTOFTHEOUSINGMARKETINTHELATE190SPROVIDEFRTHERPORTUITESFORURBARSIDNTSTACQUIREPROERTISWITHTEFASTGROWINGFINACIALMARKETS,MNYPEOPLEITHERBANRASHAVEACCUMULTDCOSIDERBLEFINCILCAPITALDHAVBGUNTOEJOYTHEINCOMSTREAGENRATEFROMITIRECENTYERS,SCAPITLINCOMEHASGRWSOFAST,MNYPOPLBLIVETHATIHASBCOMTHEMAJORSOURCEOFRISININCOMEINEQUALITYINCHINA1DESPITETHISPOULARBELIF,THERISLITLEVIDENCEREGARDINGTHEROLEOFCAPITALINCOMEINCHINASRISINGINCOMEINEQUALITYMOTIVATEDBYTHISOBSERVATIN,ITHISPARWEDCOMPOSEIILITINTTHCOMPONETFWAGEICOME,CAITLINCOM,ANDTRANSFERINCOMEWITHAVILABLEDAT,WFURTHRDPOSEINEQUALITYOFCAPITLICOMITOSPCIFICSOURCESCONSIDERINGTELARGEINCOMEGAPSBTWENTHEWESTRNADEASTERNREGIONSOFHIA,WALSOCODUCTDCOOSITIONSFORDIFERNTREGIONSSEPARTELYWFIDTHATCAITLINCOMHASGENRALYINCREASEDSINCETHE1980SANDISHIGLYVOLATILECPITALIEISLSOXTREMLUQULYDISTRIBUTDMOGURBANRESIDNTSTHEDISPRSIONFCAPITALINCOEISMCHGREATRTHANTHATOFERIGSATRANSFRINCOMEWEFINDTHTHNTRIBUTIONFCAPITLICOMETTHGINICOEFICIETHASICRASEDIRECENTYEARS,TIISSTILSMALERTHANTHATOFEARIGS,MOSTLYBCAUSETHESHAROFCAPITLINCOMEINTHETOTLINCOMEISRLTIVELYLWTHERSTOFPARISRGANIZEDASFOLWSISCTI2,WINTRODUCERELATDSTUDIESINTLITERTURESECTIO3GIVEBACKGROUNDABOUTHEGRWTHFCAPITLINCOMICHINASCTIONS4AND5DESCRIEDATAECOMPOSITIONMETHODS,RESPECTIVELYTHERSULTRERPORTDINSCTION6SCTIN7SUARIZESANDCONCLUDSTHEPAR2REVIWOFRELATEDSTUDIESINSCHOLARLYLITERATURE,SEVERALSTUDIESHAVEDCOMPOSEDINCOMEINEQUALITYBINCOMESOURCEUSINGCHINESEURBANORURALHOUSEHOLDAT2CONCERNIGURBANINCOEINEQUALITY,MENG204INDICATEDTHATLRGESCALEUNEMPLOYMENTASTHERESULTOFLABORELOCATIOWASTHEMAJORSOURCEOFRISINGICOINQULITYDURINGTHRADICALRFRMPERID,19519GUSTAFSONADLI201BATRIBTETHERISINGINCOMEINEQUALITYIN85TOTHEOUSIGREFORMANDTHEGROWTOFSUBSISTECEICOMOURSTUDYBEARSTMSTSIMILARITYTGUSTAFSSONADLI201,WHODEPOSETHEGINICOEFICIENTOFURBNICOMEINEQULITYBINCOMESOURCEFORTHERIODBTWE198AD195HOWVER,THINCOMESOURCESXAMINEDBYGUSTAFSSONADLI20BWERMNEYINCOME,SUBSISTENCEICO,INKINDICOME,NTRANSFERINCOMTHEYDINOTICLUECAPITALICOMEITH1980SAND190S,URBANHOUSEHOLDSWREGERALYPORNDHADFWPROERTIS,SOCAPITALINCOMEWSNTIMPRTANTHOWVR,INRECETYERSCAITALINCOMHASGROW,TOADARESULTHSBECOMEANIMPORTANTSOURCEOFINCOEFORNYHUSEHLS,SPCIALYTHIGHICOEESTHS,ITISCRUCIALTICLUDECAPITALINCOMEINTHEANLYSISMOREVER,MPARDTOGUSTAFSONDLI201B,WUSEORRCETDTFROMTH20SANDOBTAINPDTEDRESULTSINTERTANSITIOCOUTRIES,LTHOUGHCAPITALINCOMEHASNOTBENSTUDIESPECIFICALY,ITISSUGESTDTHATNWAERIVTESECTORINCOME,ICLUDIGRNTANDINVESTMENTICOM,XCERBTEDINCOMINQUALITYDURIGTRANSITIONYEARSKTUANDREDOND,201MILAOVIC,19GRIEVANDRCHISKY206INDICATEDTHATPRIVATIZATIHASTRNSFERDREALESTATTOURBRESIDENTSANDFARMLATOFARMERS,RESULTINGINICRASEINBOTHPRSONALWEALTHAPRSOLWELTHINQUALITYINCONTRASTTOTHERLATIVELYFEWEMPIRCALSTUDIESONCAPITALINCOMEINCHINAADOTHERTNSITINCOUNTRIS,STRNSCHOLARSHAVLGBESTUDYIGCAPITLINCOMANDTHEIMPACTOFCAPITALINCOMENICOMEINEQUALITYLERMANDYITZHKI1985FOUNDTHATROERTYITRIBUTDTOINCOINQULITYINTHEUNITEDSTATESIN1980,BUTHATISMARGINALCONTRITINWASEXCEEDBTHATOFWAGINCOMJTI197INDICATEDTHTLTHOUGHOLY3OFINCOMINTEUKSPROERTYINCOMEIN1986,ITWASRESPNSIBLEFR10FIEQUALITYJEKINS195SHWDTHATIQUALITYOFCAPITALICOMNARLYDOUBLDINTHE1980ITHEUK,ANDHANEGTIVEINFLENCEONHOUSEHOLDICOMEQALIZTIOINGOTSCHLKDSMDIG197SREVIWFCRSSNATIONLSTUDIES,THEGROWINGCORELATIONBETWENICREASEDCAPITALINCOMEANDICOMEIEQALITYWASNFIRMEDITHUITDKINGOM,JA,AUSTRLI,ANDNWZLNDHOWEVERCAPITALINCOMEWASNOTEARLYASIPORTANTASEARIGSICONTRIBUTIGTINCOMEINEQULITYTHOSTRCENTCROSSNATILSTUDYBFRABDORFETAL201FOUDTHATCAPITALINCOMEWASEXCEEDIGLYVOLATILEANTHTISSHARINDISPOSABLEINCOMEHSRISENIRCENTYARSMREVR,CAPITALINCOMEHSMAEADISPROPRTIONATELYLARGECOTRIBUTIONTOERALINEQULITYINGRNYNDTHEUNITEDSTATESINTHISPAR,WECOMPAROURFIDIGSWITHTOSEOFWESTRNSCHOLARSNDISCUSSTHEDIFRNCESNDSIMILARITEBETENCHINANDOTHERCOUNTRIEITERMSOFTROLEOFCAPITALICOEINICOMIQUALITY3BACKGROUNDBEFORETHECONOMICREFORM,BANKSAVINGSWERALMOSTTHEONLYSOURCEOFHOUSEHLDFINACIALSSETSINCHIBUTSICEORKERSWERPRVIDECOMPRESIVEBNEFITBYTEIRWORKNITSWHILEMNTARYINCOMWASGENRALYVERYLOW,POPLHADLITLESAVINGSINTHELATE1970S,GREGATEHOUSEHOLDSAINGSERLESSTN7OFROSSATIONLPRODUCTGNPNDINCREATOVER50BY2093ASSAVINGSWERTHEONLYTPEOFHOUSEHOLDASSETS,INTERSTFROMTHESAVINGSWASTHEONLYTPEOFHOUSEHOLDCAPITALINCOMEFURTHERMORE,ATHEBGINIOFTHERFRM,ICOMINEQALITYWASLOW,SHOSEOLDINCOWSMOSTLYCOMPSEDOFWAGESANDTHOSEGEERHIGLYCOMPRESSEDUETOTHEREGULATIONFLABRBURUTRSFERINCOMWASLITLE,MOSTLYINTHFORMOFPRIVATTRANSFERSELFMPLOYMENTICOMWASEGLIIBLEASTHAJORITYFURBANWRKERSWERMPLOYDBWRKUITSANDVERYFWRSELFEMPLYEDIN190AN191STOCKEXCHGSERESTABLISHDINSHANGHAINDSHEZHEN,RESPECTIVELYTHISANEWACONSIDERAIMPORTTBECHMARKINTDVLOPMNTOFTHFINACILMRKETINCHIATHESTOCKARKETOFRSPLETYOFINESTETPRTUITESFORPEOPLEWITEXTRINCOMINTHELTE190S,THURBAHOUSINGREFORMBOSTDTHDVLOPMNTOFTHERALSTATMARKETFREHOUSINGWASNOLNGERPROVIDEBYWORKUNITSMONETARYINCOMEWASINCREASEDANDSEDTOPURCHASEHUSINGANDTHERPROERTISASRESULT,HOUSEHOLDSFICIALSSETSHVEGROWSUBSTTIALYSINCETHE190SINADITNTINTERST,INVESTMENTICOMANDPRERTYRENTLINCOMEAVBECOMEIPORTATSOURCESOFCAPITALICOEINTHEMANWHILE,URBANWAGELVELSINCREASEDANDSODIWAGEINEQUALITY,DUETOTLIBERLIZATIONFLBORULATIOSSTTEOWENTERPISESRDCEDTHEBNFITSPROVIDTEMPLOYESSOMEBNEFITSRINSTADROVIDETOCITIZNSYTHEGVERNMENTITHFRMFSOCIALFITS,SUCHASPENSIN,HALTHINSURANCE,UPLOYMENTISURANCE,NDWORKINJURYINSURACE,ADCOSEQUENTLY,UBLICTRASFERICRESEIADITOTOTHESOCILSAFETYNET,SOMEPEOPLSOGHTADITONLPROTCTIONADREWRFRMTPRIVATEINSURACEARKET,WHICHLEDTOTERISEFATHERSOURCEOFCAPITALINCOEINVSTMTINCOMEFROMINSURANCEPRMIUSNDRISKSFINALY,ASTHEUMBROFSELFEPLOYEDWORKERSICRESEDINTHERBAREASWHILETHEOVRALNERFPOLMLYDCRA,SELFMPLOYMNTICOMALSOBECAMORIMRTANTHANBEFOREINSUM,WITHTEASSAGEOFURBNECONOICREFRS,THESHREOFWAGINCOEINTHETOTALINCOMDCLINED,VTHUGHTLEVLANDISPRSINOFWAGEIMICRASEDATHESATIM,OTERSORCESOFINCOME,SUCHASCAPITLINCOE,TRNSFERINCOM,ANDSELFEPLYMNTICOME,ALHAVGROWNRAIDLYSICECAPITALICOEWSPRESUMABLYOREVARIBLTHNOTERINCOMETYPES,ITCOULDHAVEBENRSPONSIBLFORTHEWIDNIGOFINCOMEIQUALITY,SPCIALYINTHEMORDVLOPDEASTERNREGINOFCHIAWETHRFORSPECULATETHTHECONTRIBUTIONFCAITLINCOMTOICOMEINEQULITYASBENGRTRINTEASTRNREGIOTHEPUROSEOFTHISANLYSISITOANSWERQUESTIONSCONCERNIGTHEROLEOFCAPITALINCOMEINURBICOMEINEQULITYDSPITTHERTRAPIDRWTHINITLI,WHATISTHESHAROFCAPITALINCOMEINTTOTLINCOMEHODISPERSEDISCAPITLINCOM,NDTWHTEXTTHASCAPITALILDTTHEWINIGOFINCOMEIEQUALITYIURBANCHINAABYRODUCT,WEALSOOBTAINRESULTSREARDIGOTHRINCOMECOMPOETS4DATTHISSTUDYUSESDATCOLECTDFROMTHEURBANHOUSEHOLDSURVEYSFROM198TO209THEURBANHOUSEHOLSURVEYASECODCTEVERYARSINCE1987BYCINASNTINALBUREAOFSTTISTICSNBSINTHSURY,INFORMATIONFROMALRGERDOMSAPLOFURBANHOUSEHOLDSICOLECTDTHROUGHITERVIEWS,ANDECHINDIVIUALEBERSDEMOGRPIC,EMPLOYMNT,INCOME,ANDOUSEHOLDEXPNDITUREATISGTHRTHISDATISUSEDBTHENBSTOPRODUCEAGREGATESTATISTICSONMPLOYMENTANDINCOME,WHICHAREPUBLISHDINCHINASTTISTICALYEARBOKSTHEOVERVIEWOFTHESURVEYMETHODLOGYCANBEFOUNDINTHEYRKSTHENBSURBANHOUSEHOLDSURVEYSUSEASTRATIFEDRANDOMSAPLINGMETHODINTFIRSTAGE,CITIESANDCOUNTISARLECTDBSEPULATIOSIZEINTOTAL,146CITISND80COUTIESWERSELCTFORSURVEYINTHESECONDSTAGE,WITHINEACHSELECTCITYORCOUNTY,SUBDISTRICTSSTRTCOMITS,RESINTCOMITS,ANDHOUSEHLDSARESAMPLE,SUCCESSIVELYTOENSURETHATHESAPLEISREPRSENTATIVE,ECHYAR1/3OFTHEOUSEHOLDSFRMTHSECONDSTAGEAREROTATDOUTADREPLACEDBNEWHUSELDS,SOTATHEOUOLDSAMPLISCOMPLETLYRENWVRY3YARSTHSURVYISCOMPRISEDOFNIDIVIUALNDAHOUSEHOLDSURVEYTHEINDIVIUALREVERSEMGRAPHICINFORMTIO,EDCATIN,EMPLOYMNTSTATUS,ISTRY,NDOCCUPATION,ASWELSTETTALINCOM,ARIGS,ANDTHERICOMECOMPONETS,SUCHSCAPITLINCOMANDTRSFERINCOETHEOUSEOLDSURVYAILYASKSABOUTHEOUSEHOLDLIVIGRANGMT,HOUSINGTYPE,ANALKINDSOFEXPENDITURESHSEHLDTTALINCOMEDICOECOMPOENTSRCALCULATEFRMIIVIALINCOMEATECHONTH,TISATISGATHRDFROMSAPLEDHOUSEHOLDSMOTHLYDTRETHENAGREGATEDINTOYERLYATANDREORTTONBSTHISSTUDYUTILZESINDIVIUALINCOMEDATBEFORE192,THESURVEYASKEDABOUTFIVEINCOMECOMPOENTS,ICLUDINGRNIGS,SELFEMPLOYMNTICOME,CAPITALI,TRANSFERICOME,ANSPECIALICOMESPCIALINCOERFRSTOOCCASIONALINCOMERCEIVEDFORSPECIALRSONSAFTR192,SPECIALINCOMEWASNLGERSKEDCAPITALINCOMEISCOMPOSEDOFINTERST,DIVIENDS,INCOMEFROMINSURANCEINVESTMETS,OTHRINVESTENTICOM,PROERTYRTALI,INTELCTULPRORTYINCOMEADOTHRPROERTYINCOFORSIMPLICITY,WEGROUPTHESECAPITALINCOMEPONTSINTTRECATGORIESINVESTENTICOM,INCLDINGINTERSTS,DIVINDS,ICOMEFROMISURANCEINVSTMTS,ADOTHERINVESTMETICOMPROERTYRENTALINCOEANDOTHERPROERTYINCOME,WICHICLUDSINTELCTUALRRTICOMEBFOR202,RRTRTALICOASCONSIERDPARTOFOTHERPROERTYINCOMEFROM02TO207,PROERTYRENTLIMWSSKEDASASINGLCATGORHOWVER,ITWASGRUPEDBACKINTOIVSTENTICOMEIN208D209INTHEURBANHOUSEHOLDSURVEYS,ALOFTHEINCOMERCORDEREFRSTOACTUALPAYMTTOCCUREDINAMONTHPERTINIGTOCAPITALINM,IFAP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