China´s new labour contract law: no harm to employment?

Yu-Fu Chen and Michael Funke

No 2008-51, SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE)

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)
Date: 2008
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Citations: View citations in EconPapers (3)

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