Household Income Inequality, Income Mobility, and Labor Supply in China and the United States

To what extent are differences in household income inequality between China and the United States modified when computing income over a longer period of time than one year? Is China a less income mobile society than the United States? How does labor supply differ in the two countries and do these differences help account for the patterns of income inequality and income mobility in the two countries? Using incomes on the same households over six years, this paper takes up these and other questions about income inequality and mobility in these two countries.