Language:
English
Pages:
Online-Ressource (41 p)
Edition:
2010 World Bank eLibrary
Parallel Title:
Huang, Zhurong The impact of the global financial crisis on off-farm employment and earnings in rural China
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
DOI:
10.1596/1813-9450-5439
URL:
Volltext
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