| Description |
1 online resource |
| Contents |
Preface; Contents; Chapter 1 The Arrival of the Lewis Turning Point; 1.1. How Many Turning Points will China's Economy Experience?; 1.2. Finding the Arrival of the Lewis Turning Point and its Policy Implication; The arrival of the Lewis turning point and its policy implication; The groups facing employment difficulties in the labor market; Trend in changes of labor relations; 1.3. Extended Reading: Demographic Transition, Demographic Dividend, and Lewis Turning Point in China; Introduction; Stages of Demographic Transition and Development of Dual Economy |
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The economic impacts of Chinese demographic transition How to close the " aging before affluence" gap; Conclusion and policy implications; Chapter 2 The Disappearance of Demographic Dividends; 2.1. How China is Dealing with the Problem of "Growing Old Before Becoming Rich"; 2.2. How China Responds to the Disappearance of Demographic Dividends; The origin of demographic dividends; Debates from different policy intentions; Slower economic growth with the disappearance of demographic dividends; Conclusion; 2.3. Extended Reading: Demographic Dividend: New Source of Economic Growth; Introduction |
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Savings motive, savings source, and social security system Life Expectancy, Retirement Age, and Labor Supply; Human Capital, Labor Productivity, and Comparative Advantage; Chapter 3 End of the Unlimited Labor Supply Era in China; 3.1. The Era of Unlimited Labor Supply Ends in China; Introduction; Basic facts; Policy implications; The implication to sustainable economic growth; Implications to macro economy; Implications to the world economy; Implications to institutional changes; 3.2. The "Peasant Worker Shortage" Reflects the New Relationship of Labor Supply and Labor Demand |
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3.3. Maintaining Composure and Positively Responding to the Changes in Labor Relations3.4. Extended Reading: Wage Increases, Wage Convergence, and the Lewis Turning Point in China; Introduction; The Increasing Trend of Ordinary Workers' Wages; Wages Convergence in Labor Market; Wage convergence among migrant workers; Wage convergence between local and migrant workers; Wage convergence across regions; Conclusions and Policy Implications; Shifting the economic growth mode; Building labor market institutions; Fostering new consumers |
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Chapter 4 Employment Challenges After Reaching the Lewis Turning Point 4.1. Increased Urgency of Employment Challenges in the Long Term; Emerging non-aggregate employment difficulties; The demand for human capital in the long term; More urgent challenge in the long term; 4.2. The Implication of Wage Convergence in the Urban Labor Market; Wage differences and distortions; Wage convergence and its implications; Implications and policy suggestions; 4.3. Promoting Healthy Development of China's Labor Market; Recognition of China's urban employment situation |
| Summary |
This book presents empirical observations and theoretical thinking of the fundamental changes in the Chinese economy. It starts with a warning of the arrival of the Lewis Turning Point, which is empirically proven by disappearance of surplus labor force and a rapid increase in wages of unskilled workers. It further reveals that China's rapid population-aging trend is diminishing the demographic dividend that has kept China's economic growth rate high. Subsequently, it touches upon employment challenges that arise after reaching the Lewis Turning Point, further propelling urbanization, a balanc |
| Notes |
Print version record |
| Subject |
Labor supply -- China
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Economic development -- China
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Economic development
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Economic history
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Labor supply
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| SUBJECT |
China -- Economic conditions -- 2000-
http://id.loc.gov/authorities/subjects/sh99010023
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| Subject |
China
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| Form |
Electronic book
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| ISBN |
1306396514 |
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9781306396516 |
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9789814520881 |
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9814520888 |
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