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### 中国居民资本要素收入有多少？

• 出版日期:2020-04-25 发布日期:2020-04-15

### What’s the Amount of Residents’ Capital Income in China?

Lv Bingyang Liu Pan Zhao Li Zhang Jingwei

• Online:2020-04-25 Published:2020-04-15

Abstract: Capital income plays an important role in the gross national income, and calculation of capital income and clarification of its distribution, redistribution among enterprises, residents, and government is necessary. Using the Flow of Funds Accounts and the household survey data of the Bureau of Statistics, we measure the capital income with its sectoral distribution and the structure in China. This paper shows that the residents′ capital income has been growing rapidly for a long time, and the proportion of it to gross national income is about 10%, but the proportion to gross capital income experienced a rise (in the 1990s) and then declined (in the early 2000s). Meanwhile, comparing the income of pre-tax and post-tax capital factor, we can see that taxation on residents’ capital income is small in China: the rate is less than 4%. Along with the advancement of reform and the development of economy, the structure of residents’ capital income has been changed from the operation income of rural residents as the majority to the operation and property income equally significant. There are some gaps between the results of macro and micro measurements, which are mainly caused by the underestimation of compensation of employees and the systematic error of household data. The improvement of national accounts should get more attention.