Overview
- Is the first book of its kind exploring China's minimum wage policy and its implications
- Offers key statistics and other information related to creating a 'society of mid-level prosperity'
- Provides lessons for other transitional and developing economies
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About this book
This book considers the positive and negative impacts of the minimum wage policy in China. Since China enacted its first minimum wage law in 1994, the magnitude and frequency of changes in the minimum wage have been substantial, both over time and across jurisdictions. The results from China’s experience show that rapidly increasing minimum wages have helped increase average wages and reduce the gender wage gap, income inequality, and poverty. However, the fast-rising minimum wage has also resulted in the loss of employment for young adults, women, low-skilled workers, and migrant workers. Additionally, higher minimum wages have a negative impact on firm profitability and adverse effects on firm’s human capital investment. In summary, the Chinese minimum wage policy has shown both positive and negative impacts on the affected workers. Through unpacking these findings, the book highlights the importance of rigorous research to inform evidence-based policymaking and provides lessons forother transitional and developing economies.
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Keywords
Table of contents (14 chapters)
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Front Matter
Editors and Affiliations
About the editors
Li Shi is Professor of Economics in the School of Public Affairs at Zhejiang University, China.
Carl Lin is an Assistant Professor of Economics at Bucknell University in Pennsylvania, USA.Bibliographic Information
Book Title: Minimum Wages in China
Book Subtitle: Evolution, Legislation, and Effects
Editors: Shi Li, Carl Lin
DOI: https://doi.org/10.1007/978-981-15-2421-9
Publisher: Palgrave Macmillan Singapore
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2020
Hardcover ISBN: 978-981-15-2420-2Published: 26 May 2020
Softcover ISBN: 978-981-15-2423-3Published: 26 May 2021
eBook ISBN: 978-981-15-2421-9Published: 25 May 2020
Edition Number: 1
Number of Pages: XVII, 392
Number of Illustrations: 11 b/w illustrations, 23 illustrations in colour
Topics: Asian Economics, Asian Politics, Social Justice, Equality and Human Rights