摘要
本文基于居民资产与消费结构差异等特征,通过构建一个两部门两产品的Bewley模型来研究中国通货膨胀对财产不平等的影响,而已有文献基本上只从居民资产结构差异的角度进行分析。研究结果表明:如果通货膨胀率从0上升到5%,那么总体财产不平等程度将会被加剧,城镇穷人家庭的净财产减持比例将达到富人家庭的30倍以上,农村家庭将遭受到较城镇家庭更高的福利损失。究其原因,除了穷人家庭因为在资产结构中持有更高比例的货币资产,所以在通胀过程中遭受到财产减持与福利损失之外;更重要的是,带有结构性特征的中国通货膨胀会进一步恶化以穷人(尤其是农村的穷人)为代表的高恩格尔系数居民的消费结构,从而导致财产减持与更高的福利损失。
Based on the analysis of asset portfolio and consumption structure while previous literatures merely focus on households＇ portfolio strueture, this paper builds up a Bewley model with two sectors and two products to study the effects of China＇ s inflation on wealth inequality. The results show us that as inflation rate rises from 0 to 5% , wealth inequality will be intensified, and the percentage of net wealth loss of poor households could be over 30 times as many as that of rich households, and rural households suffer higher welfare loss than the urban do. The poor due to holding higher proportion of money generally suffer more wealth reduction and welfare loss; more importantly, China＇ s inflation with structural characteristic would further deteriorate consumption structure of high-Engel-Index households, especially the rural and the poor, causing wealth reduction and higher welfare loss.
出处
《经济研究》
CSSCI
北大核心
2013年第8期4-15,130,共13页
Economic Research Journal
基金
奥尔多中心(www.aordo.org)项目"中国居民风险与风险管理"
国家自然科学基金项目(No.71273272)
教育部人文社会科学重点研究基地重大项目"中国宏观经济困境的形成机理与应对策略"成果
作者简介
陈彦斌，中国人民大学经济学院，邮政编码：100872，电子邮箱：cyb@mc．edu．cn；
陈伟泽，波士顿大学经济系，电子邮箱：sysu2006vc@126，com；
陈军，斯德哥尔摩经济学院，电子邮箱：jxchjun@gmail．com；
邱哲圣，宾夕法尼亚大学经济系，电子邮箱：qzs_ruc@163．com。
