Publication Date

5-26-2020

Description

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. -- publisher

ISBN

9789811524202

Keywords

Minimum, Wages, China, Evolution, Legislation, Effects, Employment, Earnings, Inequality, Chinese, Workers

Disciplines

Asian Studies | Economic History | Economics | Labor Economics

Publisher

Palgrave Macmillan

City

Singapore

Department

Economics

Comments

Carl Lin, editor ; Li Shi, editor

Minimum Wages in China: Overview and Key Findings -- Carl Lin, Li Shi authors ; p.1-11

Minimum Wages and Employment in China -- Carl Lin, Tony Fang, authors ; p. 71-112

The Effects of the Minimum Wage on Earnings Inequality: Evidence from China -- Carl Lin, Myeong-Su Yun, authors ; p. 165-195

How Does the Minimum Wage Affect Firm Investments in Fixed and Human Capital? Evidence from China -- Carl Lin, Tobias Haepp, authors ; 281-313

Minimum Wage Competition Between Local Governments in China -- Carl Lin, Ravi Kanbur, Yanan Li, authors, p. 347-369

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Minimum Wages in China: Evolution, Legislation, and Effects

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