Surplus Labour and Lewis Turning Points in China

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  • Surplus Labour and Lewis Turning Points in China Book Detail

  • Author : Xiaobing Wang
  • Release Date : 2013
  • Publisher :
  • Genre :
  • Pages : 15
  • ISBN 13 :
  • File Size : 79,79 MB

Surplus Labour and Lewis Turning Points in China by Xiaobing Wang PDF Summary

Book Description: It has been widely recognized that China has had a large pool of surplus labour. However, despite its significant implications for wage levels and the Chinese economy, the current debates yield conflicting results as to whether the Lewis turning point has been reached. This paper clarifies a theoretical issue about the mechanisms of surplus labour absorption, subsequently indentifies two Lewis turning points, and examines the factors that affect the reaching of these two Lewis turning points. It then applies the framework to China to study the labour absorption process and examines the implications of the removal of the Hukou system in terms of welfare and economic performance.

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