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| On the Income Premium of Privileged Kids from the Perspective of Mean Decomposition |
| WANG Xiao-qin1, SHAO Yi-hang2 |
1. School of Economics, Jiangxi University of Finance and Economics, Nanchang, Jiangxi, 330013;
2. School of International Business, Shanghai University of International Business and Economics, Shanghai, 201620 |
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Abstract Fuerdai (privileged kids) is a Chinese term for the children of privileged family background, who are mainly divided into three categories: children of the party and government leaders, children of elite intellectuals, and children of business tycoons. Based on the CGSS2010-2017 data, we analyze the income premium of privileged kids in comparison to young people from average families in China with the O-B decomposition method. The findings are as follows:（1） The kids of the party leaders and government officials have the highest income premium, followed by the kids of business tycoons, and the children of leading intellectuals have the lowest income premium. This is common for both male and female offspring from rich and powerful families.（2）The income difference between the offspring of privileged families and those of average families is primarily due to the difference in their employment environment, human capital and social capital characteristics. There is difference in returns, but not significant.（3）The income premium of children from privileged families, male or female, can be largely attributed to their efforts. To sum up, social class is, to some extent, solidified in China, but this solidification is generally benign. Due to the difference in the income premium of privileged kids of different family backgrounds, the policies aimed at improving the intergenerational income distribution should be intended to not only improve the employment environment for children from average families, and allow them more access to human and social capital, but also formulate different solutions to the intergenerational income differences caused by different reasons.
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Received: 20 January 2022
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| Fund:国家社科基金重大项目“供给侧结构性改革视阈下的社会结构与经济增长研究”（16ZDA007） |
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2022, Vol. 39 
