Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 57 , 05 January 2024
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Access | Article
Chinese Entrepreneurs’ Preference in Income Redistribution Policy
* Author to whom correspondence should be addressed.
Abstract
This paper delves into an intriguing phenomenon: the low preference for income redistribution policies among Chinese entrepreneurs when compared to other employment statuses in China. Understanding this unique policy preference is crucial for policymakers aiming to implement effective socio-economic strategies. Drawing comprehensive insights from an array of existing studies and utilizing data from the World Value Survey (WVS), we proposed three hypotheses. These hypotheses were centered around entrepreneurs' education level, their attribution of success to effort or luck, and their inherent trust in the government, respectively.The WVS data supported two of these hypotheses. Firstly, entrepreneurs in China tend to hold the belief that success is mostly attributed to effort rather than serendipity. This belief affects their preference for redistribution policies. Secondly, among Chinese entrepreneurs, there is a lack of confidence in the government's in general, which may extend to their skepticism regarding the government's aptitude in overseeing fair income redistribution.
Keywords
redistribution, policy preference, entrepreneurs
References
1. “Gini Index - China.” World Bank Open Data, data.worldbank.org/indicator/SI.POV.GINI?locations=CN. Accessed 2 Aug. 2023.
2. Dimick, Matthew, et al. “The Altruistic Rich? Inequality and Other-Regarding Preferences for Redistribution in the US.” SSRN Electronic Journal, 2014.
3. Kitschelt, Herbert, and Philipp Rehm. “Occupations as a Site of Political Preference Formation.” Comparative Political Studies, vol. 47, no. 12, 2014, pp. 1670–1706.
4. David Rueda and D. Stegmueller. “The Effects of Income Expectations on Redistribution.Preferences in Western Europe.” Semantic Scholar, 2014
5. Lefgren, Lars J., et al. “Effort, luck, and voting for redistribution.” Journal of Public Economics, vol. 143, 2016, pp. 89–97, https://doi.org/10.1016/j.jpubeco.2016.08.012.
6. Peyton, Kyle. “Does trust in government increase support for redistribution? evidence from randomized survey experiments.” Cambridge University Press, 9 Mar. 2020, https://doi.org/10.31235/osf.io/hn8u7.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-205-3
- ISBN (Online)
- 978-1-83558-206-0
- Published Date
- 05 January 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/57/20230695
- Copyright
- 05 January 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited