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Approaching a neoclassical scenario: the labor market in China after the Lewis turning point

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  • Fang Cai

    (Chinese Academy of Social Sciences)

Abstract

As China passes through its Lewis turning point characterized first by the appearance of a labor shortage and a constant increase in wages, its labor market shows both features of the dual economy and neoclassical growth. This paper first depicts the trend of population as a root cause of the labor market transition from dual economy to neoclassical scenario. It then reveals the changed labor market profile - the labor shortage and wage increase. By examining three major groups of employment, namely, migrant workers, university graduates, and urban vulnerable workers, it tries to explore those unique characteristics of the labor market in such a transitional period and draws policy implications.

Suggested Citation

  • Fang Cai, 2013. "Approaching a neoclassical scenario: the labor market in China after the Lewis turning point," China Finance and Economic Review, Springer, vol. 1(1), pages 1-15, December.
  • Handle: RePEc:spr:chfecr:v:1:y:2013:i:1:d:10.1186_2196-5633-1-1
    DOI: 10.1186/2196-5633-1-1
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    Cited by:

    1. Borsi, Mihály Tamás & Valerio Mendoza, Octasiano Miguel & Comim, Flavio, 2022. "Measuring the provincial supply of higher education institutions in China," China Economic Review, Elsevier, vol. 71(C).
    2. Schmidt, Emily & Mueller, Valerie & Rosenbach, Gracie, 2020. "Rural households in Papua New Guinea afford better diets with income from small businesses," Food Policy, Elsevier, vol. 97(C).

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