Dundee Discussion Papers in Economics 220: China's new labour contract law: no harm to employment?

Yu-Fu Chen, Michael Funke

    Research output: Working paperDiscussion paper

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    Abstract

    In January 2008, China imposed a new labour contract law. This new law is the most significant reform to the law of employment relations in mainland China in more than a decade. The paper provides a theoretical framework on the inter-linkages between labour market regulation, option value and the choice and timing of employment. All in all, the paper demonstrates that the Labour Contract Law in it´s own right will have only small impacts upon employment in the fast-growing Chinese economy. On the contrary, induced increasing unit labour costs represent the real issue and may reduce employment.
    Original languageEnglish
    PublisherUniversity of Dundee
    Publication statusPublished - 2008

    Publication series

    NameDundee Discussion Papers in Economics
    PublisherUniversity of Dundee
    No.220
    ISSN (Print)1473-236X

    Keywords

    • China
    • Labour contract law
    • Real options
    • Employment

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