Approaching a neoclassical scenario: the labor market in China after the Lewis turning point
Fang Cai ()
Additional contact information
Fang Cai: Chinese Academy of Social Sciences
China Finance and Economic Review, 2013, vol. 1, issue 1, 1-15
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.
Keywords: Demographic transition; Lewis turning point; Labor market institutions (search for similar items in EconPapers)
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1186/2196-5633-1-1 Abstract (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:chfecr:v:1:y:2013:i:1:d:10.1186_2196-5633-1-1
Ordering information: This journal article can be ordered from
http://www.springer. ... nomics/journal/40589
Access Statistics for this article
China Finance and Economic Review is currently edited by Shunan Yu
More articles in China Finance and Economic Review from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().