Download or read book Minimum Wages in China written by Shi Li and published by Springer Nature. This book was released on 2020-05-25 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book considers the positive and negative impacts of the minimum wage policy in China. Since China enacted its first minimum wage law in 1994, the magnitude and frequency of changes in the minimum wage have been substantial, both over time and across jurisdictions. The results from China’s experience show that rapidly increasing minimum wages have helped increase average wages and reduce the gender wage gap, income inequality, and poverty. However, the fast-rising minimum wage has also resulted in the loss of employment for young adults, women, low-skilled workers, and migrant workers. Additionally, higher minimum wages have a negative impact on firm profitability and adverse effects on firm’s human capital investment. In summary, the Chinese minimum wage policy has shown both positive and negative impacts on the affected workers. Through unpacking these findings, the book highlights the importance of rigorous research to inform evidence-based policymaking and provides lessons for other transitional and developing economies.
Download or read book The Minimum Wage Inequality and Employment in China written by Ruosi Lu and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Minimum Wages and Firm Employment written by Yi Huang and published by International Monetary Fund. This book was released on 2014-10-16 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the 2000-2007 periods. Using a novel dataset of minimum wage regulations across more than 2,800 counties matched with firm-level data, we investigate both the effect of the minimum wage and its policy enforcement tightening in 2004. A dynamic panel (difference GMM) estimator is combined with a “neighbor-pairs-approach” to control for unobservable heterogeneity common to “border counties” that are subject to different minimum wage changes. We show that minimum wage increases have a significant negative impact on employment, with an estimated elasticity of -0.1. Furthermore, we find a heterogeneous effect of the minimum wage on employment which depends on the firm's wage level. Specifically, the minimum wage has a greater negative impact on employment in low-wage firms than in high-wage firms. Our results are robust for different treatment groups, sample attrition correction, and placebo tests.
Download or read book Minimum Wage Impacts on Wage Inequality Employment and Job Formality in China s Lagging Ethnic Minority Regions written by Anthony Howell and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effects of a minimum wage on wage inequality and employment outcomes in China's ethnic minority regions and whether those effects vary for Han and ethnic minorities. Minimum wage data is combined with a proprietary datasource obtained from China's Household Ethnic Survey (CHES) project. County-level analysis reveals that a higher minimum wage reduces spatial wage inequality, especially for ethnic minorities, without affecting unemployment rates. Subsequent micro-level analysis provides some explanation for why there is no observed adverse effect on aggregate unemployment. First, quantile regression models reveal that higher minimum wages causes employers to make some adjustments to the number of hours worked by employees to help offset higher labor costs. Second, multinomial logit models show that a higher minimum wage promotes formalization of the labour market. The results are robust to alternate estimations that take into account both censoring and endogeneity. The findings help confirm that minimum wages not only reduce spatial inequality, but also induce non-wage benefits in a developing country context.
Download or read book Minimum Wage Impacts on Inequality Job Formality and the Ethnic Wage Gap in Urban China written by Anthony Howell and published by . This book was released on 2017 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effects of a minimum wage on wage inequality and employment outcomes in China's urban minority regions and whether those effects vary for Han and ethnic minorities. Minimum wage data is combined with a proprietary datasource obtained from China's Household Ethnic Survey (CHES) project. Results reveal that a higher minimum wage reduces wage inequality and leads to larger positive effects for lower-wage minority workers compared to their Han counterparts. In terms of employment, a higher minimum wage promotes formalization of the labour market without any evidence of adverse effects on the likelihood of being unemployed in the formal sector, although some adjustments are made at the intensive margin. The results are robust to alternate estimations that take into account censoring and endogeneity. The findings' policy implications indicate that the minimum wage is an effective social policy tool that reduces the Han-minority wage gap, as well as induces non-wage benefits, which in turn, should promote social cohesion in China's urban minority regions.
Download or read book Rising Inequality in China written by Shi Li and published by Cambridge University Press. This book was released on 2013-10-31 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the evolution of economic inequality in China from 2002 to 2007; a sequel to Inequality and Public Policy in China (2008).
Download or read book Changing Trends in China s Inequality written by Terry Sicular and published by Oxford University Press, USA. This book was released on 2020 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This work provides a new, comprehensive, and empirically grounded study of household incomes in China that critically examines the long-term rise and recent apparent decline in inequality. It covers incomes and inequality nationwide as well as separately in the urban and rural sectors, with close attention to measurement issues and to underlying changes in the economy, institutions, and public policy. The chapters examine a range of related topics, including the inequality of wealth, the emergence of a new middle class, the income gap between the Han and the ethnic minorities, the gender wage gap, and the impacts of government policies, such as social welfare programs and the minimum wage. A distinguishing feature of the book is its use of data from the China Household Income Project (CHIP), a collaborative, international research project that has organized nationwide household surveys spanning 1988, 1995, 2002, 2007, and, most recently, 2013. The CHIP data make possible to provide a consistent picture of the evolution of China's income and inequality from the late 1980s to the beginning of the Xi Jinping era. Analyses of the 2013 CHIP data, with comparisons to findings from past rounds of the survey, reveal new trends in China's inequality"--
Download or read book Rising Wages written by Dennis Tao Yang and published by Hong Kong Institute of Education. This book was released on 2010 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inequality in the Developing World written by Carlos Gradín and published by Oxford University Press. This book was released on 2021 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inequality has emerged as a key development challenge. It holds implications for economic growth and redistribution and translates into power asymmetries that can endanger human rights, create conflict, and embed social exclusion and chronic poverty. For these reasons, it underpins intense public and academic debates and has become a dominant policy concern within many countries and in all multilateral agencies. It is at the core of the 17 goals of the UN 2030 Agenda for Sustainable Development. This book contributes to this important discussion by presenting assessments of the measurement and analysis of global inequality by leading inequality scholars, aligning these to comprehensive reviews of inequality trends in five of the world's largest developing countries - Brazil, China, India, Mexico, and South Africa.
Download or read book Minimum Wages written by David Neumark and published by MIT Press. This book was released on 2008 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labor market outcomes concludes that the minimum wage is not a good policy tool.
Download or read book Minimum Wages Collective Bargaining and Economic Development in Asia and Europe written by Maarten van Klaveren and published by Springer. This book was released on 2015-06-09 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a labour perspective on wage-setting institutions, collective bargaining and economic development. Sixteen country chapters, eight on Asia and eight on Europe, focus in particular on the role and effectiveness of minimum wages in the context of national trends in income inequality, economic development, and social security.
Download or read book Economic Transformation and Income Distribution in China Over Three Decades written by Cai Meng and published by . This book was released on 2023-11-08 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is arguable that the most important event in the world economy in recent decades has been the rise of China, from being on a par with Sub Sahara Africa at the start of economic reform to being an economic superpower today. That rise remains under-researched. Moreover, the great structural changes which accompanied economic growth require examination. The nationally representative China Household Income Project (CHIP) surveys, conducted for the years 1988, 1995, 2002, 2007, 2013, and 2018, permit a detailed examination of many important aspects of a country's economic development. Much of the analysis of this Element is closely related to, and largely caused by, China's remarkable economic growth and income distribution over the thirty years. This title is also available as Open Access on Cambridge Core.
Download or read book Minimum Wages and Employment in China written by Tony Fang and published by . This book was released on 2013 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since China promulgated new minimum wage regulations in 2004, the magnitude and frequency of changes in the minimum wage have been substantial, both over time and across jurisdictions. This paper uses county-level minimum wage panel data and a longitudinal household survey from 16 representative provinces to estimate the employment effects of minimum wage changes in China over the period of 2004 to 2009. In contrast to the mixed results of previous studies using provincial-level data, we present evidence that minimum wage changes have significant adverse effects on employment in the Eastern and Central regions of China, and result in disemployment for females, young adults, and low-skilled workers.
Download or read book Tackling Inequalities in Brazil China India and South Africa The Role of Labour Market and Social Policies written by OECD and published by OECD Publishing. This book was released on 2010-10-21 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the role of growth and employment/unemployment developments in explaining recent income inequality trends in Brazil, China, India and South Africa, and discusses the roles played by labour market and social policies in both shaping and addressing these inequalities.
Download or read book Gender pay gap and inequality in China Evolution and Challenges for equality written by Sun Xinbo and published by Ediciones de la Universidad de Castilla La Mancha. This book was released on with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Attention to gender equality is an important issue in the UN 2030 Sustainable Development Goals. This book analyses the wage inequality and the gender pay gap in China from a temporal and spatial point of view, using the wage surveys available from 1995 to the present. Due to their rapid growth since the country's entry into a free market economy, the analysis carried out in this book seems crucial. Our study highlights that China is currently facing serious problems of gender pay discrimination. It also finds that the earnings of coastal provinces are much higher than those of interior provinces. In terms of wage inequality, figures in China are currently high. The spatial analysis of wages distribution shows that there are very different realities throughout the Chinese geography.
Download or read book Inequality in China Trends Drivers and Policy Remedies written by Ms.Sonali Jain-Chandra and published by International Monetary Fund. This book was released on 2018-06-05 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty. However, income inequality increased sharply from the early 1980s and rendered China among the most unequal countries in the world. This trend has started to reverse as China has experienced a modest decline in inequality since 2008. This paper identifies various drivers behind these trends – including structural changes such as urbanization and aging and, more recently, policy initiatives to combat it. It finds that policies will need to play an important role in curbing inequality in the future, as projected structural trends will put further strain on equity considerations. In particular, fiscal policy reforms have the potential to enhance inclusiveness and equity, both on the tax and expenditure side.
Download or read book Income Disparity In China Crisis Within Economic Miracle written by Dianqing Xu and published by World Scientific. This book was released on 2014-03-28 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has achieved remarkable economic success in the past three decades and has become the second-largest economy in the world after the United States. However, accompanying this rapid economic growth is an increasing income inequality. In recent years, China's income disparity has reached an alarming level, making it one of the countries with the most unequal income distribution in the world.The widening income gap is the root cause of many issues in contemporary China. How should China step up distribution system reform? How should China deepen the reforms to its fiscal and tax systems? Should the government increase wages to achieve the income multiplication plan? What is the fundamental measure to tackle income disparity issues in China? With in-depth analysis and empirical studies on these questions, this book provides comprehensive perspectives on China's income disparity issues that most international scholars are concerned about.
