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Prior to the recent financial crisis, one of the most prominent examples of unconventional monetary stimulus was Japan's "quantitative easing policy" (QEP). Most analysts agree that QEP did not succeed in stimulating aggregate demand sufficiently to overcome persistent deflation. However, it...
Persistent link: https://www.econbiz.de/10013122198
Prior to the recent financial crisis, one of the most prominent examples of unconventional monetary stimulus was Japan's "quantitative easing policy" (QEP). Most analysts agree that QEP did not succeed in stimulating aggregate demand sufficiently to overcome persistent deflation. However, it...
Persistent link: https://www.econbiz.de/10009141708
China experienced a 47% expansion in higher education enrolment between 1998 and 1999, and a six-fold expansion in the … returns to higher education in China. We find that the mean years of education increased by roughly one full year around the …
Persistent link: https://www.econbiz.de/10011931700
This paper studies the impact of remittances on the savings behaviour of rural households in China, using a cross …
Persistent link: https://www.econbiz.de/10010277831
Using data from the China Urban Labor Survey conducted in five large Chinese cities at year end 2001, we quantify the …
Persistent link: https://www.econbiz.de/10009477027
This paper describes and decomposes wage differences between female and male workers. The results indicate that females receive low wages because of unequal pay within sectors, and that the wage gap caused by the difference in sectoral attainment is small. The results also reveal that a lion’s...
Persistent link: https://www.econbiz.de/10010284723
With the aid of an analytical framework of the Lewis model revised to reflect the experience of China, this paper … China’s growth as achieved during the course of economic reform and the opening-up of the country: the exploitation of the … the approaching turning point in China’s economic development and examines a host of challenges facing the country in …
Persistent link: https://www.econbiz.de/10010284736