Chapter

Economic Growth and the Labour Market

John Knight

in China's Remarkable Economic Growth

Published in print April 2012 | ISBN: 9780199698691
Published online May 2012 | e-ISBN: 9780191739118 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199698691.003.0009
Economic Growth and the Labour Market

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China has achieved rapid economic growth, averaging more than 9% per annum over the three decades 1978–2008. Over the same period the labour force has grown by 380 million, or by 90%, equivalent to 2.3% per annum. This chapter examines whether the surplus labour has been absorbed productively into the economy. It begins in Section 9.2 by briefly describing the Lewis model. Section 9.3 provides some background information on trends in the Chinese labour market. Section 9.4 reviews the literature on the research question. Section 9.5 describes national household surveys, relating mainly to 2002 and 2007. Section 9.6 reports existing studies of minimum wage behaviour or migrant wage behaviour, and then makes it own contribution by analysing wage functions for the rural-urban migrant samples in order to examine and explain migrant wage.

Keywords: Chinese labour market; Lewis model; labour supply; national household surveys; minimum wage; migrant wage; economic reform

Chapter.  12908 words.  Illustrated.

Subjects: Business and Management

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