2019 Kuo-Shu Liang Memorial Lecture
On November 4, the Stanford King Center on Global development held the 2019 Kuo-Shu Liang Memorial Lecture with Li Gan. This Lecture Series was established to celebrate the life and accomplishments of Dr. Kuo-Shu Liang, who was the Governor of the Central Bank of Taiwan, 1975-79.
Income Inequality and Economic Transition in China
Li Gan discussed how the consistently high savings rate in China has been a key economic problem for decades, and even more so in the midst of the current trade conflict with United States. The lecture addressed a study that suggests a key reason for the high savings rate is from income inequality, largely caused by relatively fewer government transfers. An opportunity arises in China to simultaneously reduce income inequality and to achieve economic transition to a domestic-consumption-driven economy. Two large-scale field experiments on incentive-compatible transfer programs were discussed.
Li Gan, Clifford Taylor Jr. Professor of Economics at Texas A&M University and Research Associate at the National Bureau of Economic Research, is a specialist in econometrics and applied microeconomics. He obtained a Bachelor of Engineering from Tsinghua University in 1987, Master of Science in statistics and PhD in economics from the University of California, Berkeley in 1998. He has published extensively in areas such as econometric theory, economics of aging, public economics, and Chinese economy.
In 2009, he initiated the China Household Finance Survey (CHFS) at the Southwestern University of Finance and Economics in Chengdu, China and has been directing it ever since. The ongoing survey has a nationally and provincially representative sample of more than 40,000 households. Some findings from the survey, such as income Gini coefficient, housing vacancy rates, credit accessibility, and household asset allocations are widely reported in China and around the world.
Koret-Taube Conference Center