The Impact of the Global Financial Crisis on Off-Farm Employment and Earnings in Rural China

• Tác giả: Jikun Huang
• Ngôn ngữ: eng
• Ký hiệu phân loại: 332.71 Agricultural credit
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 245996
• Chủ đề: 1. Economic Development: Human Resources; 2. Financial Crises G010; 3. Human Development; 4. Wage Differentials J310; 5. Wage Level and Structure

Tóm tắt

This paper examines the effect of the financial crisis on off-farm employment of China's rural labor force. Using a national representative dataset, we find that there was a large impact. By April 2009 off-farm employment reached 6.8% of the rural labor force. Monthly earnings also declined. However, while we estimate 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% of the rural labor force was unemployed due to the crisis. The robust recovery appears to have helped avoid instability.