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Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels …. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded …, the accession of China to the World Trade Organization has dramatically amplified the effects of these structural …
Persistent link: https://www.econbiz.de/10010289985
We document the recent phenomenon of uphill flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between current...
Persistent link: https://www.econbiz.de/10010268346
jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the …
Persistent link: https://www.econbiz.de/10010293143
If society's goal is to increase people's feelings of well-being, economic growth in itself will not do the job. Full employment and a generous and comprehensive social safety net do increase happiness. Such policies are arguably affordable not only in higher income nations but also in countries...
Persistent link: https://www.econbiz.de/10010293153
This paper analyzes the costs of job loss in China, using unique new data from the Rural-to-Urban Migration in China … segmented urban labor markets in China. All displaced workers have an increased likelihood of being informal, while only …
Persistent link: https://www.econbiz.de/10010293186
This paper constructs a theoretical labor market model for China, and utilizes the model to examine the effects of … three sectors - state-owned enterprises, private enterprises, and agriculture - and China's unique household registration …
Persistent link: https://www.econbiz.de/10010293202
with health shocks. Exploiting the rollout of a universal health insurance program in rural China, I find that total …
Persistent link: https://www.econbiz.de/10011288219
unique opportunity due to the recent establishment and expansion of the social pension system in rural China, we explicitly … highlight that living arrangement is multidimensional in rural China. …
Persistent link: https://www.econbiz.de/10011307335
Using longitudinal data from the China Health and Nutrition Survey, we examine how individual wages change in line with … education in China appear to be zero. We estimate an instrumental variables fixed effects model where share of college graduates … China and targeting it more toward poorly educated workers. …
Persistent link: https://www.econbiz.de/10011307352
. Using the Rural-Urban Migration Survey in China (RUMiC) data we are able to measure the share of children's lifetime during …
Persistent link: https://www.econbiz.de/10011307375