The Labor Market in the People’s Republic of China: Development and Policy Challenges in Economic Transition

Ran Tao
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Ran Tao: University of Oxford

Chapter Chapter 8 in Labor Markets in Asia, 2006, pp 503-558 from Palgrave Macmillan

Abstract: Abstract The market-oriented reforms launched in 1978 have dramatically changed the economic landscape of the People’s Republic of China (PRC). In the past 25 years, the country has transformed itself from a centrally planned economy to an emerging market economy, while achieving an average annual growth rate of more than 9% (Lin et al. 2003). The benefits of growth were also shared by the people on a broad basis: using the World Bank’s $1-a-day poverty measure, the number of poor is estimated to have dropped from about 490 million to 88 million over the same period, a decline in poverty incidence from 49% in 1981 to 6.9% in 2002 (World Bank 2003).

Keywords: Labor Market; Migrant Worker; Unemployment Benefit; Floating Population; Hukou System (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62738-3_8

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DOI: 10.1057/9780230627383_8

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