@techreport{9ca1130270614b1da178ba77a7f21c61,
title = "Dundee Discussion Papers in Economics 220: China's new labour contract law: no harm to employment?",
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.",
keywords = "China, Labour contract law, Real options, Employment",
author = "Yu-Fu Chen and Michael Funke",
note = "This paper was also published by Elsevier in China Economic Review, Vol. 20 (3), pp. 558-572 ",
year = "2008",
language = "English",
series = "Dundee Discussion Papers in Economics",
publisher = "University of Dundee",
number = "220",
type = "WorkingPaper",
institution = "University of Dundee",
}