Minimum wages in China : evolution, legislation, and effects /

Minimum wages in China : evolution, legislation, and effects /

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Bibliographic Details
Imprint:	Singapore : Palgrave Macmillan, [2020]
Description:	1 online resource
Language:	English
Subject:	Minimum wage -- China. Wages -- Government policy -- China. Minimum wage Wages -- Government policy China Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12605506

Hidden Bibliographic Details
Other authors / contributors:	Li, Shi, 1956- editor. Lin, Carl, editor.
ISBN:	9789811524219 9811524211 9811524203 9789811524202
Digital file characteristics:	text file PDF
Notes:	Description based on online resource; title from digital title page (viewed on June 15, 2020).
Summary:	This book considers the positive and negative impacts of the minimum wage policy in China. Since China enacted its first minimum wage law in 1994, the magnitude and frequency of changes in the minimum wage have been substantial, both over time and across jurisdictions. The results from China's experience show that rapidly increasing minimum wages have helped increase average wages and reduce the gender wage gap, income inequality, and poverty. However, the fast-rising minimum wage has also resulted in the loss of employment for young adults, women, low-skilled workers, and migrant workers. Additionally, higher minimum wages have a negative impact on firm profitability and adverse effects on firm's human capital investment. In summary, the Chinese minimum wage policy has shown both positive and negative impacts on the affected workers. Through unpacking these findings, the book highlights the importance of rigorous research to inform evidence-based policymaking and provides lessons for other transitional and developing economies. Li Shi is Professor of Economics in the School of Public Affairs at Zhejiang University, China. Carl Lin is an Assistant Professor of Economics at Bucknell University in Pennsylvania, USA.
Other form:	Original 9811524203 9789811524202
Standard no.:	10.1007/978-981-15-2421-9

Description
Summary:	This book considers the positive and negative impacts of the minimum wage policy in China. Since China enacted its first minimum wage law in 1994, the magnitude and frequency of changes in the minimum wage have been substantial, both over time and across jurisdictions. The results from China's experience show that rapidly increasing minimum wages have helped increase average wages and reduce the gender wage gap, income inequality, and poverty. However, the fast-rising minimum wage has also resulted in the loss of employment for young adults, women, low-skilled workers, and migrant workers. Additionally, higher minimum wages have a negative impact on firm profitability and adverse effects on firm's human capital investment. In summary, the Chinese minimum wage policy has shown both positive and negative impacts on the affected workers. Through unpacking these findings, the book highlights the importance of rigorous research to inform evidence-based policymaking and provides lessons forother transitional and developing economies.
Physical Description:	1 online resource
ISBN:	9789811524219 9811524211 9811524203 9789811524202