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Library The Impact of the Global Financial Crisis on Off-farm Employment and Earnings in Rural China

The Impact of the Global Financial Crisis on Off-farm Employment and Earnings in Rural China

The Impact of the Global Financial Crisis on Off-farm Employment and Earnings in Rural China

Resource information

Date of publication
March 2012
Resource Language
ISBN / Resource ID
oai:openknowledge.worldbank.org:10986/3925

This paper examines the effect of the
financial crisis on off-farm employment of China's
rural labor force. Using a national representative data set
collected from across China, the paper finds that there was
a substantial impact. By April 2009 the reduction in
off-farm employment as a result of the crises was 6.8
percent of the rural labor force. Monthly earnings also
declined. However, while it is estimated that 49 million
were laid-off between October 2008 and April 2009, half of
them were re-hired in off-farm work by April 2009. By August
2009, less than 2 percent of the rural labor force was
unemployed due to the crisis. The robust recovery appears to
have helped avoid instability.

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Authors and Publishers

Author(s), editor(s), contributor(s)

Huang, Jikun
Zhi, Huayong
Huang, Zhurong
Rozelle, Scott
Giles, John

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