Rural Land Capitalization and Peasants’ Income Growth

¹ Land Policy and Institutional Research Center / School of Public Administration, Renmin University of China Beijing, 100872 Beijing, China
² School of Public Administration Renmin University of China, 100872 Beijing, China

Abstract

Up to present, China is still represented by a typical dual society separated by both urban and rural concepts, and the income gap between the two is tending to enlarge. The low agricultural productivity and peasants’ insufficient labor skills result in slender incomes in their business, wage and transfer activities, with improvement though, which does not help to narrow the gap. Therefore, it is essential for peasants to acquire property income by means of rural land capitalization. In recent years, China has increased efforts to protect the property rights of rural land. However, there still exist multiple institutional barriers that prevent land from enforcing its capitalization feature, and shall be broken through at the shortest delay, so as to awaken the “Sleeping Capital”.