Institutional Affiliation: Johns Hopkins University
|Long Run Trends in Unemployment and Labor Force Participation in China|
with , : w21460
Unemployment rates in countries across the world are typically positively correlated with GDP. China is an unusual outlier from the pattern, with abnormally low, and suspiciously stable, unemployment rates according to its official statistics. This paper calculates, for the first time, China’s unemployment rate from 1988 to 2009 using a more reliable, nationally representative household survey in China. The unemployment rates we calculate differ dramatically from those supplied in official data and are much more consistent with what is known about China’s labor market and how it has changed over time in response to structural changes and other significant events. The rate averaged 3.9% in 1988-1995, when the labor market was highly regulated and dominated by state-owned enterprises, but ro...
Published: Shuaizhang Feng & Yingyao Hu & Robert Moffitt, 2017. "Long run trends in unemployment and labor force participation in urban China," Journal of Comparative Economics, vol 45(2), pages 304-324.