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

Giles, John; Park, Albert; Cai, Fang; Du, Yang

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

Autores

Descripción

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 succeeded 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.

Palabras clave

ACCOUNTING, ACTIVE LABOR, ACTIVE LABOR MARKET, ACTIVE LABOR MARKET POLICIES, ACTIVE LABOR MARKET PROGRAMS, AGGREGATE DEMAND, ATTRITION, COLLEGE GRADUATES, CREATIVE DESTRUCTION, DEVELOPMENT POLICY, DISMISSAL, EARNING, EARTHQUAKE, ECONOMIC GROWTH, ECONOMIC RECOVERY, ECONOMIC SLOWDOWN, EMPLOYMENT, EMPLOYMENT DYNAMICS, EMPLOYMENT EFFECTS, EMPLOYMENT GROWTH, EMPLOYMENT HISTORIES, EMPLOYMENT HISTORY, EMPLOYMENT IMPACT, EMPLOYMENT IMPACTS, EMPLOYMENT LEVELS, EMPLOYMENT OPPORTUNITIES, EMPLOYMENT POLICIES, EMPLOYMENT RATES, EMPLOYMENT SHARE, EMPLOYMENT TRENDS, ENVIRONMENTAL PROTECTION, EXPENDITURES, EXPORT-ORIENTED ACTIVITIES, FAMILY MEMBERS, FINANCIAL INSTITUTIONS, FIRM LEVEL, FIRM SURVEY, FIRM SURVEYS, FIRM SURVIVAL, GOVERNMENT POLICIES, GROSS DOMESTIC PRODUCT, HIGH EMPLOYMENT, HOUSEHOLD SURVEY, HOUSEHOLD SURVEYS, HUMAN DEVELOPMENT, HUMAN RESOURCES, INCOME, INFORMAL EMPLOYMENT, INFORMAL SECTOR, INNOVATION, INNOVATIONS, JOB CREATION, JOB LOSS, JOB LOSSES, JOB SEEKER, JOB SEEKERS, JOBS, LABOR BUREAU, LABOR CONTRACT, LABOR CONTRACTS, LABOR DEMAND, LABOR ECONOMICS, LABOR FORCE, LABOR FORCE PARTICIPATION, LABOR LAW, LABOR MARKET, LABOR MARKET INFORMATION, LABOR REGULATION, LABOR REGULATIONS, LABOR SHORTAGES, LABOR STATISTICS, LAID-OFF WORKERS, LAYOFFS, LITERATURE, LOCAL GOVERNMENTS, LONG-TERM MIGRANT, MANDATES, MIGRANT, MIGRANT FAMILY, MIGRANT LABOR, MIGRANT WORKERS, MIGRANT WORKFORCE, MIGRANTS, MIGRATION, NATIONAL DEVELOPMENT, NATIONAL LEVEL, NATIONAL POLICIES, NUMBER OF WORKERS, OCCUPATIONS, ON-THE-JOB TRAINING, OPEN ACCESS, PAPERS, POLICY DISCUSSIONS, POLICY RESEARCH, POLICY RESEARCH WORKING PAPER, PROGRESS, PUBLIC SERVICES, RATES OF GROWTH, REAL WAGES, RESEARCH COMMUNITY, RESEARCHERS, RETAIL TRADE, RURAL INFRASTRUCTURE, RURAL LABOR, RURAL RESIDENTS, RURAL WORKERS, SAFETY, SAFETY NET, SAFETY NETS, SEVERANCE PAY, SKILLS TRAINING, SOCIAL DEVELOPMENT, SOCIAL SCIENCES, SOCIAL SECURITY, SPOUSES, TEMPORARY WORK, TERTIARY SECTOR, TRAINING PROGRAMS, UNEMPLOYED, UNEMPLOYMENT, UNEMPLOYMENT BENEFITS, UNEMPLOYMENT INSURANCE, UNSKILLED WORKER, URBAN AREAS, URBAN MIGRATION, URBAN WORKERS, VULNERABILITY, WAGE SUBSIDIES, WORKERS, WORKFORCE, WORKING HOURS