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

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Type: Working Paper
Author: Huang, Jikun; Zhi, Huayong; Huang, Zhurong; Rozelle, Scott; Giles, John
Date: 2010
Agency: Policy Research Working Paper, no. 5439
Series: The World Bank, Human Development and Public Services Team, New York
URI: https://hdl.handle.net/10535/6686
Sector: Social Organization
Region: East Asia
Subject(s): livelihoods
global commons
rural affairs
Abstract: "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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