Overview

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.

Full Product Details

Author:   Shi Li ,  Carl Lin
Publisher:   Springer Verlag, Singapore
Imprint:   Springer Verlag, Singapore
Edition:   1st ed. 2020
Weight:   0.538kg
ISBN:  

9789811524233

ISBN 10:   9811524238
Pages:   392
Publication Date:   26 May 2021
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand  
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Table of Contents

1. Introduction and Overview.- 2. Evolution and Effects Assessment of China’s Minimum Wage Policy.- 3. Minimum Wages in China: Standard and Implication.- 4. Minimum Wages and Employment in China.- 5. Impacts of Minimum Wages on Gender Wage Gaps in Urban China.- 6. The Impact of Minimum Wages on Migrant Workers’ Wages.- 7. The Effects of the Minimum Wage on Earnings Inequality: Evidence from China.- 8. The Effects of Minimum Wage Regulations on Wage Growth and Its Distribution in China.- 9. Compliance with Legal Minimum Wages in China.- 10. Estimating the Effect of Minimum Wages on Firm Profitability in China.- 11. How Does the Minimum Wage Affect Firm Investments in Fixed and Human Capital? Evidence from China.- 12. Regional Variation of the Minimum Wages in China.- 13. Minimum Wage Competition between Local Governments in China.- 14. Minimum Wage Effects on Employment and Working Time of Chinese Workers.

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Author Information

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.

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