Labor Market Distortions Rural urban Inequality and the Opening of People s Republic of China s Economy is popular PDF and ePub book, written by Thomas Warren Hertel in 2004, it is a fantastic choice for those who relish reading online the China genre. Let's immerse ourselves in this engaging China book by exploring the summary and details provided below. Remember, Labor Market Distortions Rural urban Inequality and the Opening of People s Republic of China s Economy can be Read Online from any device for your convenience.
Labor Market Distortions Rural urban Inequality and the Opening of People s Republic of China s Economy Book PDF Summary
The authors find that reform of the Hukou system has the most significant impact on aggregate economic activity, as well as income distribution. Whereas the land market reform primarily benefits the agricultural households, this reform's primary beneficiaries are the rural households currently sending temporary migrants to the city. By reducing the implicit tax on temporary migrants, Hukou reform boosts their welfare and contributes to increased rural-urban migration. The combined effect of both factor market reforms is to reduce the urban-rural income ratio dramatically, from 2.59 in 2007 under the authors' baseline scenario to 2.27. When viewed as a combined policy package, along with WTO accession, rather than increasing inequality in China, the combined impact of product and factor market reforms significantly reduces rural-urban income inequality. This is an important outcome in an economy currently experiencing historic levels of rural-urban inequality"--Abstract.
Detail Book of Labor Market Distortions Rural urban Inequality and the Opening of People s Republic of China s Economy PDF
- Author : Thomas Warren Hertel
- Release : 21 September 2024
- Publisher : World Bank Publications
- ISBN : 9782004121615
- Genre : China
- Total Page : 41 pages
- Language : English
- PDF File Size : 17,5 Mb
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