The impact of the global financial crisis on off-farm employment and earnings in rural China
AbstractThis paper examines the effect of the financial crisis on off-farm employment of China's rural labor force. Using a national representative data set collected from across China, the paper finds that there was a substantial impact. By April 2009 the reduction in off-farm employment as a result of the crises was 6.8 percent of the rural labor force. Monthly earnings also declined. However, while it is estimated that 49 million were laid-off between October 2008 and April 2009, half of them were re-hired in off-farm work by April 2009. By August 2009, less than 2 percent of the rural labor force was unemployed due to the crisis. The robust recovery appears to have helped avoid instability.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 5439.
Date of creation: 01 Oct 2010
Date of revision:
Labor Markets; Labor Policies; Work&Working Conditions; Tertiary Education; Crops&Crop Management Systems;
Other versions of this item:
- Huang, Jikun & Zhi, Huayong & Huang, Zhurong & Rozelle, Scott & Giles, John, 2011. "The Impact of the Global Financial Crisis on Off-farm Employment and Earnings in Rural China," World Development, Elsevier, vol. 39(5), pages 797-807, May.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
This paper has been announced in the following NEP Reports:
- NEP-AGR-2010-10-16 (Agricultural Economics)
- NEP-ALL-2010-10-16 (All new papers)
- NEP-CNA-2010-10-16 (China)
- NEP-LAB-2010-10-16 (Labour Economics)
- NEP-TRA-2010-10-16 (Transition Economics)
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