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DEMOGRAPHIC TRANSITION AND LABOUR MARKET CHANGES: IMPLICATIONS FOR ECONOMIC DEVELOPMENT IN CHINA
Author(s) -
Du Yang,
Yang Cuifen
Publication year - 2014
Publication title -
journal of economic surveys
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.657
H-Index - 92
eISSN - 1467-6419
pISSN - 0950-0804
DOI - 10.1111/joes.12072
Subject(s) - demographic transition , economics , china , economic shortage , fertility , human capital , population ageing , population , labour economics , transition (genetics) , population growth , development economics , economic growth , geography , linguistics , philosophy , demography , biochemistry , chemistry , archaeology , sociology , government (linguistics) , gene
China has witnessed a rapid demographic transition in recent decades, which has driven changes in labour market outcomes as evidenced by labour shortages and increasing wages for unskilled workers. In this paper, the authors survey the literature on population transition, factors influencing fertility and how these have changed, and population policies in China. The fundamental role of demographic transition in labour market changes is also reviewed. In addition, the paper discusses the implications of demographic transition and labour market changes for economic development in China, including ageing, impacts on potential economic growth rates, and challenges to human capital accumulation.