Li Yang, Ph.D.
Advanced Researcher at ZEW - Leibniz Centre for European Economic Research
Research Fellow at WIL - The World Inequality Lab
Currently Visiting the Faculty of Social Sciences at Hong Kong University
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ZEW - Leibniz Centre for European Economic Research
L 7, 1 68161 Mannheim, Germany
+49 30 89789 - 360
li.yang@zew.de
@Google Scholar
ZEW - Leibniz Centre for European Economic Research
L 7, 1 68161 Mannheim, Germany
+49 30 89789 - 360
li.yang@zew.de
@Google Scholar
Working Papers
Working Papers
NEW: The Making of China and India in the 21st Century: Long-Run Human Capital Accumulation from 1900 to 2020, with Nitin Kumar Bharti, World Inequality Lab Working Paper, no. 2024/24. [The Economist; EPW; Bloomberg; Hindustan Times; Ravish Kumar Official]
NEW: When Facts Fail: Experimental Evidence on Perceptions and Preferences towards Chinese Investments in Germany, with Zhexun Mo, Katharina Kaeppel, and Carsten Schröder. Stone Center Working Paper Series no. 115.
NEW: Income Inequality in South Korea, 1933-2022: Evidence from Distributional National Accounts, with Sehyun Hong Nak Nyeon Kim and Zhexun Mo. World Inequality Lab Working Paper, no. 2024/03.
NEW: Equality and Development: A Comparative and Historical Perspective 1800-2025, with M. Andreescu, M. Arias-Osorio, L. Bauluz, N. Bharti, P. Bothe, P. Brassac, L. Chancel, J. Dietrich, C. Martinez-Toledado, M. Odersky, A. Somanchi et al. World Inequality Lab Working Paper, no. 2025/25. [Replication Package]
Publications
Publications
NEW: Human Capital, Unequal Opportunities, and Productivity Convergence: A Global Historical Perspective, 1800-2100, with N. Bharti, A. Gethin, T. Jenmana, Z. Mo, and T. Piketty, 2026. Forthcoming, Journal of Public Economics. [whce.world]
NEW: Property rights, fiscal capacity, and social capacity: The lasting impact of the Taiping Rebellion, with Weizheng Lai and L. Colin Xu, 2025. Forthcoming, Journal of Economic Growth. [VoxEu.org]
The Impact of Communist Party Membership on Wealth Distribution and Accumulation in Urban China, with Matteo Targa, World Development, Volume (181), 2024, 106660.
Anti-Corruption Campaign in China: An Empirical Investigation, with Branko Milanovic and Yaoqi Lin, European Journal of Political Economy, Volume(85), 2024, 102559.
Income and Wealth Inequality in Hong-Kong, 1981-2020: The Rise of Pluto-Communism?, with Thomas Piketty, The World Bank Economic Review, 2022, 36(4): 803–834.
From workers to capitalists in less than two generations: A study of Chinese urban elite transformation between 1988 and 2013 , with Branko Milanovic and Filip Novokmet, The British Journal of Sociology, 2021, 72 (3): 478-513. [ VoxEu.org]
Capital Accumulation, Private Property and Rising Inequality in China, 1978-2015, with Thomas Piketty and Gabriel Zucman, American Economic Review, 2019, 109 (7): 2469-2496. [VoxEU.org] [Chinese translation]
From Communism to Capitalism: Private versus Public Property and Inequality in China and Russia, with Filip Novokmet, Thomas Piketty, and Gabriel Zucman, American Economic Association: Papers and Proceedings, May 2018, 108:1-6. [VoxEu.org]
Income Inequality and Ethnic Cleavages in Malaysia: Evidence from Distributional National Accounts (1984-2014), with Muhammed A. Khalid, Journal of Asian Economics, 2021, 72, 101252.
Memories of Colonial Law: The Inheritance of Human Capital and the Location of Joint Ventures in Early-Reform China, with Cheryl Long and Peter Murrell, China Economic Review, Volume(58), 2019, 101284.
Technology Spillovers from Chinese Outward Direct Investment: The Case of Ethiopia, with Mebratu Seyoum and Renshui Wu, China Economic Review, April 2015, Vol. 33 (1):35-49.
Book Chapters and Other Publications
Book Chapters and Other Publications
Make in India’ or Miss the Moment? Economic&Political Weekly Corruption Fuels Inequality in China, with Nitin Kumar Bharti, Economic&Political Weekly, August 2025, Vol XL, no. 31.
How Corruption Fuels Inequality in China, with Branko Milanovic, Foreign Affairs, September 11, 2024.
Inequality Perceptions and Redistributive Preferences: Literature Review and Proposal for the KLIPS Additional Survey, with Sunoong Hwang and Zhexun Mo, in Panel Data Quality Improvement Study (XIII), Lee, Kyung-Hee et al., 32--93. Sejong City, South Korea: Korea Labor Institute, 2023.
Towards equity and sustainability? China's pension system reform moves center stage, World Inequality Lab Working Paper, no. 2021/13.
Teaching
Teaching
Economic History of China on inequality (Short Course)
Freie Universität Berlin, Germany 2022
Universidad Nacional de Colombia, Colombia 2023
Xiamen University, China 2025
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