| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19324 |
| 来源ID | Working Paper 19324 |
| Costly Labor Adjustment: General Equilibrium Effects of China's Employment Regulations | |
| Russell Cooper; Guan Gong; Ping Yan | |
| 发表日期 | 2013-08-16 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | This paper studies the employment, productivity and welfare implications of new Chinese labor regulations intended to protect workers' employment conditions. We estimate a general equilibrium model of costly labor adjustment from data prior to the policy. Using the estimated parameters, we study the effects of the interventions. We find that increases in severance payments lead to a sizable increase in firm size, lower aggregate employment, a significant reduction in labor reallocation, an increase in the exit rate and a welfare loss. A policy of credit market liberalization will reduce firm size, increase aggregate employment, increase labor reallocation, wages and welfare. If in place at the time, these frictions would have reduced China's annual growth rate by 1.1 percentage points over the 1998-2007 period. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics |
| URL | https://www.nber.org/papers/w19324 |
| 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/576999 |
| 推荐引用方式 GB/T 7714 | Russell Cooper,Guan Gong,Ping Yan. Costly Labor Adjustment: General Equilibrium Effects of China's Employment Regulations. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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