New SSCI Paper《The Impact of the Global Financial Crisis on Off-farm Employment and Earnings in Rural China》

Release date：2011/4/1　　Source： ccap

 The Impact of the Global Financial Crisis on Off-farm Employment and Earnings in Rural China
JIKUN HUANG, HUAYONG ZHI, ZHURONG HUANG, SCOTT ROZELLE, JOHN GILES

Abstract: This paper examines the effect of the financial crisis on off-farm employment of China's rural labor force. Using a national representative dataset,we find that there was a large impact. By April 2009 off-farm employment reached 6.8% of the rural labor force. Monthly earnings also declined. However, while we estimate that 49 million were laid-off between October 2008 and April 2009, half of them were re-hired in off-farm work by April 2009. By August 2009, less than 2%of the rural labor was unemployed due to the crisis. The robust recovery appears to have helped avoid instability.

Key words-- global financial crisis, off-farm employment.earning,rural, China, Asia

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