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The Impact of the Global Financial Crisis on Off-Farm Employment and Earnings in Rural ChinaJikun HuangChinese Academy of Sciences (CAS) Huayong Zhiaffiliation not provided to SSRN Zhurong Huangaffiliation not provided to SSRN Scott RozelleStanford University - Freeman Spogli Institute of International Studies John GilesWorld Bank; Institute for the Study of Labor (IZA) October 1, 2010 World Bank Policy Research Working Paper No. 5439 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.
Number of Pages in PDF File: 41 Keywords: Labor Markets, Labor Policies, Work & Working Conditions, Tertiary Education, Crops & Crop Management Systems working papers seriesDate posted: October 5, 2010Suggested CitationContact Information
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