講座主題：Transition and Inequality

主講嘉賓：何晖，國際貨币基金組織高級經濟學家

講座時間：2020年11月19日（周四），20:30-22:00

講座地點：騰訊會議ID：307 892 562

嘉賓簡介：何晖，國際貨币基金組織高級經濟學家，明尼蘇達大學博士。研究領域：宏觀經濟學，勞動經濟學，衛生經濟學，中國經濟學，計算經濟學。曾在Journal of Development Economics、Review of Economic Dynamics、Journal of Monetary Economics等國際權威期刊發表論文。

内容摘要：This paper establishes a theory to explain whytransition increases economic inequality. Workers in state-owned enterprises (SOE) face on average significantly lower idiosyncratic income shocks than their counterparts in private-owned enterprises (POE). Economic transition, resulting from a continuously reducing subsidy to SOE, pushes workers to move from SOE to POE. The transition in the labor market thus changes the composition of underlying income shock structure in the aggregate economy. This leads to rising income inequality and co-moving consumption inequality. We calibrate the model to the Chinese economy in transition and show that the model is able to capture the majority of rising economic inequality in urban China.