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Characteristics of Income Disparities and Strategies during Public Health Events

Author(s)

Xiao Zheng

Affiliation(s)

State Information Center, No. 58 Sanlihe Road, Xicheng District, Beijing, China

Abstract

Amidst significant public health events, a trend of increasing income disparities has emerged among specific demographics in China. This is characterized by substantial gains in the income and wealth of high-income individuals, alongside a growing income gap both across different economic strata and among various industries. To address these challenges, it is advised that comprehensive macroeconomic policies be deployed to alleviate the financial pressures on China's middle and lower income groups. These policies should focus on securing employment and fostering income growth for wage earners, enhancing the impact of taxation and philanthropy on income distribution, tightening oversight of the capital markets to curb rapid asset price inflation, speeding up the development of a layered social security system in China.

Keywords

Public Health Event; Income Disparity; Strategies

References

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