ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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The Growth Miracle, Institutional Reforms and Employment in China

China's economy has recorded extraordinarily rapid growth for more than two decades. What have been the employment effects of this growth? And to what extent have these effects been conditioned by the institutional reforms? The paper focuses on the period 1990-2005. Rapid economic growth was indeed associated with a high-speed increase in productive employment. Surplus labour declined substantially; many workers moved from lower-productivity to higher-productivity jobs and labour-incomes increased in all types of employment. However, there have been some negative developments too. In particular, given that the formal sector had inherited substantial stocks of surplus labour from the past, economic restructuring and labour market reforms resulted in declining formal employment and growing urban unemployment for a period.

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