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Income Inequality and an Economy in Transition
Event Status: Updated
Modified Date: 1/11/2013
Start Date: 2/21/2013
End Date: 2/21/2013
Event Time: 5:00 PM - 6:30 PM
Title: Income Inequality and an Economy in Transition
Location:
Other Location: UC San Diego, IR/PS RBC 3201
Event Category: International Affairs -IRPS
Sponsor: School of International Relations and Pacific Studies
Open to Public: YES
Admission Cost: Free
Other Fee Desc:
Contact Name: Lee Lisa
Contact Phone: (858) 822-5737 Ext.
Contact Email: irps-co4@ucsd.edu
Description: The income inequality in China, measured by Gini coefficient of 0.61, is now worse than the US and other developed countries. Although high income inequality may not necessarily mean social instability, it is the key reason for the high household saving in China. Professor Gan will speak on this transition of Chinese economy toward a consumption-based economy that is dependant on a lowering income inequality. He will further argue that the new generation of Chinese leadership should change its spending priority toward a massive increase in the social welfare program. Professor Gan is Professor of Economics at Texas A&M University and Dean of School of Economics at Southwestern University of Finance and Economics. He received his Ph.D. in 1998 from UC Berkeley, and joined the Department of Economics at Texas A&M University in 2005. Gan recently directed the China Household Finance Survey, a three-year survey that included over 8,000 representative households in China. The study was the first major household survey of consumer finances in China and is receiving enormous media attention.
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