The impact of the global financial crisis on off-farm employment and earnings in rural China

Jikun Huang, Huayong Zhi, Zhurong Huang, Scott Rozelle and John Giles

No 5439, Policy Research Working Paper Series from The World Bank

Abstract: This paper examines the effect of the financial crisis on off-farm employment of China's rural labor force. Using a national representative data set collected from across China, the paper finds that there was a substantial impact. By April 2009 the reduction in off-farm employment as a result of the crises was 6.8 percent of the rural labor force. Monthly earnings also declined. However, while it is estimated that 49 million were laid-off between October 2008 and April 2009, half of them were re-hired in off-farm work by April 2009. By August 2009, less than 2 percent of the rural labor force was unemployed due to the crisis. The robust recovery appears to have helped avoid instability.

Keywords: Labor Markets; Labor Policies; Work&Working Conditions; Tertiary Education; Crops&Crop Management Systems (search for similar items in EconPapers)
Date: 2010-10-01
New Economics Papers: this item is included in nep-agr, nep-cna, nep-lab and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Journal Article: The Impact of the Global Financial Crisis on Off-farm Employment and Earnings in Rural China (2011)
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