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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w17948 |
来源ID | Working Paper 17948 |
Costly Labor Adjustment: Effects of China's Employment Regulations | |
Russell Cooper; Guan Gong; Ping Yan | |
发表日期 | 2012-03-29 |
出版年 | 2012 |
语种 | 英语 |
摘要 | This paper studies the employment and productivity implications of new labor regulations in China. These new restrictions are intended to protect workers' employment conditions by, among other things, increasing firing costs and increasing compensation. We estimate a model of costly labor adjustment from data prior to the policy. We use the estimated model to simulate the effects of the policy. We find that increases in severance payments lead to sizable job creation, a significant reduction in labor reallocation and an increase in the exit rate. A policy of credit market liberalization will reduce employment, slightly increase labor reallocation and reduce exit. The estimated elasticity of labor demand is about unity so that an increase in the base wage leads to sizable job losses. |
主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand ; Development and Growth ; Innovation and R& ; D ; Country Studies ; Other ; Economic Systems |
URL | https://www.nber.org/papers/w17948 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575624 |
推荐引用方式 GB/T 7714 | Russell Cooper,Guan Gong,Ping Yan. Costly Labor Adjustment: Effects of China's Employment Regulations. 2012. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w17948.pdf(300KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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