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• W2183683451 abstract "Guanxi, loosely translated as “connections”, is the core structure of Chinese society. This paper proposes a measure of guanxi to capture its multiple-dimensional nature and studies its impact on income inequality, using China household finance survey data. In line with the seminal theory of Fei Xiaotong (1992, From the Soil: the Foundations of Chinese Society), principal components analysis selects three main components to construct Guanxi Index: static relationships, authority and power, and means to maintain/develop connections. This paper also shows that guanxi, besides wealth concentration and human capital, is a key factor determining income inequality, and becomes quantitatively more important than human capital for the top 25 percent of urban households." @default.
• W2183683451 created "2016-06-24" @default.
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• W2183683451 date "2013-01-01" @default.
• W2183683451 modified "2023-09-29" @default.
• W2183683451 title "Guanxi and Income Inequality" @default.
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• W2183683451 hasPublicationYear "2013" @default.
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