Weathering a Storm: Survey-Based Perspectives on Employment in China in the Aftermath of the Global Financial Crisis

Content Provider	Semantic Scholar
Author	Giles, John Park, Albert Francis Cai, Fang Fang Du, Yang
Copyright Year	2012
Abstract	Evidence from a range of different sources suggests that Chinese workers lost 20-36 million jobs because of the global financial crisis. Most of these layoffs affected migrant workers, who have typically lacked employment protection, tend to be concentrated in export-oriented sectors, and were among the easiest to dismiss when the crisis hit. Although it was severe, the employment shock was short-lived. By mid-2009, the macroeconomic stimulus and other interventions had s쳮ded in boosting demand for migrant labor. By early 2010, abundant evidence pointed to scarcity in China's labor market, as labor demand was once again leading to brisk growth in wages.The paper reviews different available sources of evidence for the effects of the crisis, and notes the biases associated with alternative ex post efforts to measure the employment effects of the crisis. In particular, the paper highlights the usefulness of household surveys with employment histories relative to surveys based on sampling through firms.
Starting Page	1
Ending Page	33
Page Count	33
File Format	PDF HTM / HTML
DOI	10.1596/1813-9450-5984
Alternate Webpage(s)	http://documents.worldbank.org/curated/en/920501468221678504/pdf/WPS5984.pdf
Alternate Webpage(s)	https://doi.org/10.1596/1813-9450-5984
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article