Citation
Nichols, Austin (2010). Income Inequality, Volatility, and Mobility Risk in China and the Us. China Economic Review, 21, S3-S11.Abstract
A unified index of income inequality, volatility, and mobility risk is presented, and measurements based on US and Chinese panel data calculated. China is found to have higher-income volatility than the US in recent data, so that long-run inequality is comparable in the two countries, and short-run inequality overstates long-run inequality more in China than in the US. In both countries volatility and income inequality are increasing over time.