The Impact of the Global Financial Crisis on Off-Farm Employment and Earnings in Rural China
41 Pages Posted: 20 Apr 2016
Date Written: October 1, 2010
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 and Crop Management Systems
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