“Distribution According to Workâ€: An Historical Analysis of the Incentive System in China’s State-Owned Sector

Hao Qi

Review of Radical Political Economics, 2018, vol. 50, issue 2, 409-426

Abstract: This article analyzes the role of the incentive system in driving China’s economic transition. The reform of the incentive system during the late 1970s and early 1980s led to the abuse of material incentives. Changes in the incentive system led to recurrent inflation and squeezed profits. The state thus launched a series of reforms that commoditized labor power and divided cadres from workers, substantially weakening workers’ power and promoting China’s economic transition.

Keywords: incentive system; economic transition; distribution; socialism; Chinese economy (search for similar items in EconPapers)
JEL-codes: B51 J30 J53 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:50:y:2018:i:2:p:409-426

DOI: 10.1177/0486613416675620

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