Labor supply, risk aversion and economic refrom in China

Detalhes bibliográficos
Autor(a) principal: Weinhold, Diana
Data de Publicação: 1998
Outros Autores: Zak, Paul J.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/12367
Resumo: Economic reform in China has created a small, but fast-growing private sector that has spurred rapid productivity growth. Growth of the private sector is predicated upon continued labor movements away from state-run industries and into private firms. This paper presents a theory of labor market sectoral choice demonstrating that three factors determine private sector labor supply-the difference in wages between the state and private sectors, private sector wage risk and risk aversion. Estimation of the model using survey data provides strong support for the theory. We find that the riskiness of private sector earnings has a greater effect in discouraging workers from taking jobs in private firms than the wage premi um has in attracting workers.
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spelling Weinhold, DianaZak, Paul J.Escolas::EPGEFGV2014-11-10T13:31:29Z2014-11-10T13:31:29Z1998-02-05http://hdl.handle.net/10438/12367Economic reform in China has created a small, but fast-growing private sector that has spurred rapid productivity growth. Growth of the private sector is predicated upon continued labor movements away from state-run industries and into private firms. This paper presents a theory of labor market sectoral choice demonstrating that three factors determine private sector labor supply-the difference in wages between the state and private sectors, private sector wage risk and risk aversion. Estimation of the model using survey data provides strong support for the theory. We find that the riskiness of private sector earnings has a greater effect in discouraging workers from taking jobs in private firms than the wage premi um has in attracting workers.engEscola de Pós-Graduação em Economia da FGVSeminários de pesquisa econômica da EPGETodo cuidado foi dispensado para respeitar os direitos autorais deste trabalho. Entretanto, caso esta obra aqui depositada seja protegida por direitos autorais externos a esta instituição, contamos com a compreensão do autor e solicitamos que o mesmo faça contato através do Fale Conosco para que possamos tomar as providências cabíveisinfo:eu-repo/semantics/openAccessLabor marketChinaPrivate sectorRisk aversionEconomic developmentTransitional economiesEconomiaMercado de trabalho - ChinaLabor supply, risk aversion and economic refrom in Chinainfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINAL000089047.pdf000089047.pdfapplication/pdf707524https://repositorio.fgv.br/bitstreams/42da4eaf-fd9f-4117-9a8a-a971e304c2c0/download4e80cad85b38dd61b5ea01a32c3795e1MD51LICENSElicense.txtlicense.txttext/plain; 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dc.title.eng.fl_str_mv Labor supply, risk aversion and economic refrom in China
title Labor supply, risk aversion and economic refrom in China
spellingShingle Labor supply, risk aversion and economic refrom in China
Weinhold, Diana
Labor market
China
Private sector
Risk aversion
Economic development
Transitional economies
Economia
Mercado de trabalho - China
title_short Labor supply, risk aversion and economic refrom in China
title_full Labor supply, risk aversion and economic refrom in China
title_fullStr Labor supply, risk aversion and economic refrom in China
title_full_unstemmed Labor supply, risk aversion and economic refrom in China
title_sort Labor supply, risk aversion and economic refrom in China
author Weinhold, Diana
author_facet Weinhold, Diana
Zak, Paul J.
author_role author
author2 Zak, Paul J.
author2_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Weinhold, Diana
Zak, Paul J.
dc.subject.eng.fl_str_mv Labor market
China
Private sector
Risk aversion
Economic development
Transitional economies
topic Labor market
China
Private sector
Risk aversion
Economic development
Transitional economies
Economia
Mercado de trabalho - China
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Mercado de trabalho - China
description Economic reform in China has created a small, but fast-growing private sector that has spurred rapid productivity growth. Growth of the private sector is predicated upon continued labor movements away from state-run industries and into private firms. This paper presents a theory of labor market sectoral choice demonstrating that three factors determine private sector labor supply-the difference in wages between the state and private sectors, private sector wage risk and risk aversion. Estimation of the model using survey data provides strong support for the theory. We find that the riskiness of private sector earnings has a greater effect in discouraging workers from taking jobs in private firms than the wage premi um has in attracting workers.
publishDate 1998
dc.date.issued.fl_str_mv 1998-02-05
dc.date.accessioned.fl_str_mv 2014-11-10T13:31:29Z
dc.date.available.fl_str_mv 2014-11-10T13:31:29Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/12367
url http://hdl.handle.net/10438/12367
dc.language.iso.fl_str_mv eng
language eng
dc.relation.ispartofseries.por.fl_str_mv Seminários de pesquisa econômica da EPGE
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
instname:Fundação Getulio Vargas (FGV)
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institution FGV
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collection Repositório Institucional do FGV (FGV Repositório Digital)
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