Faculty of Business Administration
Visiting Scholar Seminar
A Lifecycle Approach To The Link Of The Saving Rate With Income Inequality
Prof. Qingbin ZHAO
Assistant Professor of Economics
Southwest University of Political Science & Law
Date: 18 June 2021 (Friday)
Time: 15:00-16:00
Venue: E22-4069
Abstract
An extended overlapping generations (OLG) model is proposed in this work as an application of dynamic constrained optimization to important socioeconomic issues in the modern era. We theorize that rising income inequality can be a key driving factor for higher saving rates observed in China and other similar economies in Asia. This outcome may arise from workers’ weakened bargaining power due to surplus labor and firms’ increased substitution of capital for labor due to technological advancement. The extended model provides a theoretical foundation for empirical observations about China and other emerging Asian economies.
In this seminar, a brief introduction of the relationships of AI and Bio-SI will be given. Then, it will present the Bio-SIOAs in detail, and explain the mechanism of Bio-SIOAs by taking PSO and BFO as examples. Finally, the practical applications of Bio-SIOAs will be introduced, which include academic research and innovation and entrepreneurship practice research.
Biography
Dr. Qingbin ZHAO is an Assistant Professor of economics from School of Economics, Southwest University of Political Science & Law. He has published four papers in Applied Economics Letters, Review of International Economics, Asia-Pacific Journal of Accounting & Economics, and International Review of Economics & Finance. He has also published a book chapter in《新时代新征程: “一带一路”与澳门发展》, 社会科学文献出版社(中国).
