Abstract

AbstractIn China, between 1995 and 2018, the proportion of workers employed in unskilled job categories grew, while the share holding middle‐skilled jobs declined. The resulting income polarization magnified a major redistribution of wages within job categories, which is not only the main component of total income inequality but is also the driving factor contributing to changes in total income inequality over the 1995–2018 period. Our counterfactual simulation results support our conjecture that the large employment shift from middle‐skilled to unskilled jobs reflects the adoption of labor‐saving technologies and the response to increased demand for services. We believe that our study sheds light on similar transformations in other developing economies.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.