Labour Market Reform in China

Description

Labour Market Reform in China documents and analyses institutional changes in the Chinese labour market over the last twenty years, and argues that further reform is necessary if China is to sustain its high growth rates. The book first assesses the problems associated with the pre-reform labour arrangements. It offers an in-depth analysis of the urban labour market and its impact on individual wage determination, ownership structure, labour compensation and labour demand and of social security reform. In its main chapters, the book investigates the impact of rural economic reform on rural labour market. Detailed consideration is given to the rural agricultural labour market, labour arrangement in the rural non-agricultural sector, and the wage gap between the rural agricultural and non-agricultural sectors. Finally, the book examines the new phenomenon of rural-urban migration, its impact on rural and urban economic growth, and models its effect on urban employment, unemployment and earnings.

'This ... addresses one of the most important questions in contemporary China ... The discussion is particularly interesting on the urban labour market ... The work covers some very useful discussions, data and insights on a question of major importance for China and the world ... it is a highly welcome addition to the literature.' Development Policy Review 'Those seeking a thoughtful, detailed, yet resolute neoclassical approach to labor market reforms will be delighted with Xin's book.' China Information