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Modern View
YANG, DENNIS TAO
(2)
answer(s).
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Item
1
ID:
110506
Labor market developments in China: a neoclassical view
/ Suqin Ge; Yang, Dennis Tao
Yang, Dennis Tao
Journal Article
0 Rating(s) & 0 Review(s)
Publication
2011.
Summary/Abstract
This paper assesses the applicability of two alternative theories in understanding labor market developments in China: the classical view featuring a Lewis turning point in wage growth versus a neoclassical framework emphasizing rational choices of individuals and equilibrating forces of the market. Empirical evidence based on multiple data sources fails to validate the arrival of the Lewis turning point in China, showing continuous and coordinated wage growth across rural and urban sectors instead. Consistent with the neoclassical view, we find that rural workers expanded off-farm work when mobility restrictions were lifted, interprovincial migration responded to expected earnings and local employment conditions, and returns to education converged gradually to the international standard. These findings suggest major progresses in the integration of labor markets in China.
Key Words
China
;
Labor markets
;
Rural - Urban Migration
;
Lewis Turning Point
;
Wage Growth
;
Rural – Urban Migration
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2
ID:
083416
Policy reform and Chinese markets: progress and challenges
/ Fleisher, Belton M (ed); Hope, Nicholas C (ed); Pena, Anita Alves (ed); Yang, Dennis Tao (ed)
2008
Fleisher, Belton M
Book
0 Rating(s) & 0 Review(s)
Publication
Cheltenham, Edward Elgar Publishing Limited, 2008.
Description
xvi, 334p.
Series
Advances in Chinese economic studies
Standard Number
9781847203960
Key Words
China - Economic Policy
;
China - Economic Conditions
;
Capitalism - China
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053932
338.951/FLE 053932
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