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We consider the effects of the financial crisis and subsequent recession on world labour markets. It begins by cataloguing the adverse effects on output of the sudden collapse in demand brought about ...
The Potentials of Labor Supply and Policy Reactions to Lewisian Turning Point
Labor Supply Lewisian Turning Point Policy Reactions
2009/2/16
During 1990s, a significant labor market shocks took place in urban China due to restructuring of SOEs and cyclical factors. To deal with the dislocation of urban labor market, a bunch of policy instr...