How Have Labour Market Developments Affected Labour Costs in China?

22 Pages Posted: 11 Sep 2015

See all articles by Gaofeng Han

Gaofeng Han

Hong Kong Monetary Authority; University of California, Santa Cruz - Department of Economics

Wenlang Zhang

Independent

Multiple version iconThere are 2 versions of this paper

Date Written: September 2015

Abstract

In this paper, we study how labour market developments have affected labour costs in China. We find labour market tightness, and hence labour migration, have some impact on the labour costs of HMT firms and private enterprises, but the overall impact is limited. It appears there is no absolute shortage of labour, but there is skill and education mismatch in labour market. As such, it is necessary to remove the barriers to labour migration, and upgrade production chains to reduce labour market distortion.

Suggested Citation

Han, Gaofeng and Zhang, Wenlang, How Have Labour Market Developments Affected Labour Costs in China? (September 2015). The World Economy, Vol. 38, Issue 9, pp. 1387-1408, 2015, Available at SSRN: https://ssrn.com/abstract=2658885 or http://dx.doi.org/10.1111/twec.12231

Gaofeng Han (Contact Author)

Hong Kong Monetary Authority ( email )

3 Garden Road, 30th Floor
Hong Kong
Hong Kong

University of California, Santa Cruz - Department of Economics ( email )

Santa Cruz, CA 95064
United States

Wenlang Zhang

Independent ( email )

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