China's New Labour Contract Law:No Harm to Employment?

Yu-Fu Chen and Michael Funke

No 220, Dundee Discussion Papers in Economics from Economic Studies, University of Dundee

Abstract: In January 2008, China imposed a new labour contract law. This new law is the most significant reform to the law of employment relations in mainland China in more than a decade. The paper provides a theoretical framework on the inter-linkages between labour market regulation, option value and the choice and timing of employment. All in all, the paper demonstrates that the Labour Contract Law in it´s own right will have only small impacts upon employment in the fast-growing Chinese economy. On the contrary, induced increasing unit labour costs represent the real issue and may reduce employment.

Keywords: China; Labour Contract Law; Real Options; Employment (search for similar items in EconPapers)
JEL-codes: C61 D81 D92 J23 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2008-10
New Economics Papers: this item is included in nep-cna, nep-dev, nep-lab, nep-reg and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: China's new Labour Contract Law: No harm to employment? (2009)
Working Paper: China's new labour contract law: No harm to employment? (2009)
Working Paper: China's new labour contract law: No harm to employment? (2008)
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