Evolution and effects assessment of China's minimum wage policy
Date
2014-02
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Abstract
China has formulated and implemented minimum wage policy for over two decades. The background and process of policy formulation is discussed within recent market reforms, along with some implementation programs, adjustments and results. There are disparities in minimum wage standards between various regions. Relations between the Minimal Living Guarantee standard of urban residents and the Minimum Wage standard in provincial capitals are presented. Some effects of adjustments to minimum wages on employment and income structure are calculated.
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Synthesis Report
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Keywords
MINIMUM WAGE, WAGE POLICY, ECONOMIC IMPLICATIONS, LABOUR MARKET, PLANNED ECONOMY, POLICY MAKING