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China's new labour contract law: No harm to employment?

Yu-Fu Chen and Michael Funke

No 29/2008, BOFIT Discussion Papers from Bank of Finland, Institute for Economies in Transition

Abstract: In January 2008, China adopted a new labour contract law. This new law represents the most significant reform to the legislation on 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 its own right will have only small impacts upon employment in the fast-growing Chinese economy. Rather, induced increasing unit labour costs represent the real issue and may reduce employment. JEL-Classification: C61, D81, D92, J23 Keywords: China, labour contract law, real options, employment

JEL-codes: C61 D81 D92 J23 (search for similar items in EconPapers)
Date: 2008-12-29
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Published in Published in China Economic Review 20 (3), 2009, pp. 558-572

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Journal Article: China's new Labour Contract Law: No harm to employment? (2009) Downloads
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