Liu, Jianan; Cai, Hongbo; Lin, Carl - 2023
increasingly veered towards monopsony,China’s labor market has experienced a surge in competitiveness. This was particularly … visible when China embarked on its transformation in 1978, transitioning from a socialist command-economy model to a market …-oriented one. At that point, competition was practically nonexistent due to the lack of private enterprises. As China’s economic …