Description

After 30 years of development, China has great transaction of the labor market from a government-controlled market to a market-driven market. Previous researches stated the various characteristics of Chinese labor market. However, with rapid development, the labor market in China has some new and unpredicted changes in recent years. With the comprehensive, rigorous, and consistent data investigated from 2000 to 2015, which come from the National Bureau of Statistic of China (NBSC), this paper does a descriptive research on verification of common features stated in the previous literature, disclosing some new features and changes of current Chinese labor market. These features include the following: (1) the average wage in society keeps increasing with a relative decrease of return to education; (2) the old pattern of labor mobility, from rural area to urban area, is steady; however, the growth rate of urban population keeps decreasing, and the mobility of labor forces showed significant regional inequality; (3) the effectiveness and conduction of labor law and regulation are challenged by labor market segmentation caused by informal employment; and (4) the labor force participation rate (LFPR) in China keeps stable after 2010, with four different definitions. This paper designs a new way of measurement of informal sectors and indicates that the labor force participation rate in China is steady, not declining, after 2010. This analysis not only provides a complete understatin

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