Abstract:

National income distribution is a key issue in the study of how to promote common prosperity through high quality development. This paper conducts an international comparison study on national income distribution based on the data of the adjusted international comparable flow of funds table. This study draws the following conclusions: compared to the foreign countries, (i) within the primary distribution, the total income of the enterprise sector erodes the income of household sector, indicating the capital factor is stronger than the labor one in China; (ii) within the secondary distribution, the adjustment function of social security and tax underplay its role; (iii) within the redistribution in kind, the scale of social transfers in kind in China is relatively lower, and the function of public services is limited in improving households' welfare. We suggest to improve the distribution mechanism based on production factors, improve the system of tax, social security and public services, promoting the realization of common prosperity through high–quality development. 

Key words:

functional income distribution, common prosperity, flow of funds table, international comparison, income inequality