Equity Index Construction and Research on Wealth Gap
This book constructs a Chinese Social Equality Index–the Mongoose Social Equality Index–with the wealth gap index as its core, and the legal equality index, the socio-cultural equality index, and the financial equality index as its supplement. The book fo
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Equity Index Construction and Research on Wealth Gap
Xiaohuang Zhu · Song Lin
Equity Index Construction and Research on Wealth Gap
Xiaohuang Zhu Beijing, China
Song Lin Beijing, China
ISBN 978-981-13-9553-6 ISBN 978-981-13-9554-3 (eBook) https://doi.org/10.1007/978-981-13-9554-3 © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd., part of Springer Nature 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
Contents
1 Introduction 1 1.1 Wealth Distribution Is the Social Common Divisor in Equality 1 1.2 The Motivative and Destructive Power of Wealth Gaps 3 1.3 How to Solve the Paradox 5 1.4 Social Equality 7 References 8 2 Analysis of Turning Points in Equality and Wealth Gaps 9 2.1 The “Turning Point” 9 2.2 Root Causes of Wealth Gap 10 2.3 Significance of the Study 15 2.4 Research Design—An Equality Index System Knows China Better Than Gini Coefficient 21 References 25 3 Wealth Gap Index Construction and Data Analysis 27 3.1 Wealth Gap Index at the Micro Level 27 3.2 Wealth Gap Index at the Macro Level 40 3.3 Distribution of China’s Wealth Gap Index 52 3.4 Summary 58 References 59 v
vi
CONTENTS
4 Multiple Equality Indexes Related to the Wealth Gap 61 4.1 Legal Equality Index 61 4.2 Social Culture Index 71 4.3 Financial Equality Index 82 4.4 Summary 93 References 94 5 Analysis of the Turning Point of Wealth Gap Index and Economic Growth 97 5.1 Indicators for Turning Point Analysis 97 5.2 Measurement Process of Turning Point Analysis 104 5.3 Status Quo of China’s Wealth Gap 112 5.4 Summary 114 References 114 6 Wealth Gap and Social Development 115 6.1 Weal
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