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The impact of the global financial crisis on off-farm employment and earnings in rural China
 
Author:Huang, Jikun; Zhi, Huayong; Huang, Zhurong; Rozelle, Scott; Giles, John; Collection Title:Policy Research working paper ; no. WPS 5439
Country:World; Date Stored:2010/10/08
Document Date:2010/10/01Document Type:Policy Research Working Paper
Language:EnglishMajor Sector:Finance
Rel. Proj ID:1W-Labor Mkts & Impacts Of Fin. Crisis:Evidence From China And Ind -- -- P116739;Region:The World Region
Report Number:WPS5439Sub Sectors:General finance sector
SubTopics:Work & Working Conditions; Tertiary Education; Crops and Crop Management Systems; Labor Markets; Labor PoliciesTF No/Name:TF094976-Labor; TF094568-KCP
Volume No:1 of 1  

Summary: 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.

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