Employment Issues in China's Economic Development and Research on Countermeasures

Author: Feng Yu
Publisher:
Publish Date: 2002-07-01
Features: In today's open world, unemployment, as a globally prevalent phenomenon, has increasingly become a topic of widespread concern across various aspects. During the Great Depression of the 1930s, severe unemployment brought catastrophic risks to major Western countries. This book is divided into five chapters. It provides a brief account of the evolution of China's labor market, based on the development of labor employment over the nearly 20 years since China's reform and opening-up. Utilizing two tools from Western economics—elasticity and production functions—as well as certain analytical tools from econometrics, it establishes a labor demand model to predict the potential increase in employment opportunities and the possible range of unemployment rates over the next decade.