Capital Heterogeneity and Inequality of Residents’ Income

DOI

10.2991/icssed-19.2019.125How to use a DOI?

Keywords

Human capital, Physical capital, Political capital, Social capital, Income inequality, Interaction term.

Abstract

The article puts forward the theoretical hypothesis and expands the Mincer revenue model. And this research makes an empirical study on the relationship between capital heterogeneity and income inequality based on 3109 questionnaires. The results show that: (1) The human capital has a significant positive impact on residents’ income. The human capital interacts with household registration and gender, which further expands urban and rural income inequality and gender income inequality. (2) The physical capital has a significant positive impact on residents’ income. The interaction between physical capital and household registration further improves the return rate of physical capital. The more physical capital is accumulated, the greater positive impact of human capital on residents’ income has. (3) The political capital has a significant positive impact on residents’ income. The political capital interacts with household registration and gender, which further improves the return rate of political capital. The more political capital is accumulated, the greater positive impact of human capital on residents’ income has. (4) The social capital has a significant positive impact on residents’ income. The interaction between social capital and household registration further improves the return rate of social capital. The more social capital is accumulated, the greater positive impacts of human capital, physical capital and political capital on residents’ income have. In addition, this research found that the socioeconomic status of the parents has further improved the educational return rate of their offspring, and the interaction between social insurance and household registration has further expanded the income inequality between urban and rural areas. These findings provide important policy implications for us.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Sun Jingshui
AU  - Wang Xianmei
PY  - 2019/05
DA  - 2019/05
TI  - Capital Heterogeneity and Inequality of Residents’ Income
BT  - Proceedings of the 2019 4th International Conference on Social Sciences and Economic Development (ICSSED 2019)
PB  - Atlantis Press
SP  - 663
EP  - 675
SN  - 2352-5398
UR  - https://doi.org/10.2991/icssed-19.2019.125
DO  - 10.2991/icssed-19.2019.125
ID  - Jingshui2019/05
ER  -