Chronicle of a decline foretold: has China reached the Lewis Turning Point? / Mitali Das and Papa N'Diaye
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
[Washington, D.C.]
International Monetary Fund
c2013
|
Schriftenreihe: | IMF working paper
WP/13/26 |
Schlagworte: | |
Online-Zugang: | Volltext |
Beschreibung: | Title from PDF title page (IMF Web site, viewed Feb. 4, 2013). - "Research Department and Asia and Pacific Department.". - "January 2013." "China is on the eve of a demographic shift that will have profound consequences on its economic and social landscape. Within a few years the working age population will reach a historical peak, and then begin a precipitous decline. This fact, along with anecdotes of rapidly rising migrant wages and episodic labor shortages, has raised questions about whether China is poised to cross the Lewis Turning Point, a point at which it would move from a vast supply of low-cost workers to a labor shortage economy. Crossing this threshold will have far-reaching implications for both China and the rest of the world. This paper empirically assesses when the transition to a labor shortage economy is likely to occur. Our central result is that on current trends, the Lewis Turning Point will emerge between 2020 and 2025. Alternative scenarios - with higher fertility, greater labor participation rates, financial reform or higher productivity - may peripherally delay or accelerate the onset of the turning point, but demographics will be the dominant force driving the depletion of surplus labor"--Abstract Includes bibliographical references (p. 19-20) |
Beschreibung: | 1 Online-Ressource (1 online resource (21 p.) |
ISBN: | 9781475594058 1475594054 1475525192 9781475525199 |
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Datensatz im Suchindex
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any_adam_object | |
author | Das, Mitali |
author_facet | Das, Mitali |
author_role | aut |
author_sort | Das, Mitali |
author_variant | m d md |
building | Verbundindex |
bvnumber | BV042962044 |
collection | ZDB-4-EBU |
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dewey-ones | 331 - Labor economics |
dewey-raw | 331.120951 |
dewey-search | 331.120951 |
dewey-sort | 3331.120951 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
format | Electronic eBook |
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id | DE-604.BV042962044 |
illustrated | Not Illustrated |
indexdate | 2024-07-10T07:13:50Z |
institution | BVB |
isbn | 9781475594058 1475594054 1475525192 9781475525199 |
language | English |
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spelling | Das, Mitali Verfasser aut Chronicle of a decline foretold has China reached the Lewis Turning Point? / Mitali Das and Papa N'Diaye [Washington, D.C.] International Monetary Fund c2013 1 Online-Ressource (1 online resource (21 p.) txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/13/26 Title from PDF title page (IMF Web site, viewed Feb. 4, 2013). - "Research Department and Asia and Pacific Department.". - "January 2013." "China is on the eve of a demographic shift that will have profound consequences on its economic and social landscape. Within a few years the working age population will reach a historical peak, and then begin a precipitous decline. This fact, along with anecdotes of rapidly rising migrant wages and episodic labor shortages, has raised questions about whether China is poised to cross the Lewis Turning Point, a point at which it would move from a vast supply of low-cost workers to a labor shortage economy. Crossing this threshold will have far-reaching implications for both China and the rest of the world. This paper empirically assesses when the transition to a labor shortage economy is likely to occur. Our central result is that on current trends, the Lewis Turning Point will emerge between 2020 and 2025. Alternative scenarios - with higher fertility, greater labor participation rates, financial reform or higher productivity - may peripherally delay or accelerate the onset of the turning point, but demographics will be the dominant force driving the depletion of surplus labor"--Abstract Includes bibliographical references (p. 19-20) BUSINESS & ECONOMICS / Labor bisacsh Labor supply fast Population fast Population aging fast Wirtschaft Labor supply China Population aging China N'Diaye, Papa M'B. P. Sonstige oth International Monetary Fund Research Department Sonstige oth International Monetary Fund Asia and Pacific Department Sonstige oth http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=548042 Aggregator Volltext |
spellingShingle | Das, Mitali Chronicle of a decline foretold has China reached the Lewis Turning Point? / Mitali Das and Papa N'Diaye BUSINESS & ECONOMICS / Labor bisacsh Labor supply fast Population fast Population aging fast Wirtschaft Labor supply China Population aging China |
title | Chronicle of a decline foretold has China reached the Lewis Turning Point? / Mitali Das and Papa N'Diaye |
title_auth | Chronicle of a decline foretold has China reached the Lewis Turning Point? / Mitali Das and Papa N'Diaye |
title_exact_search | Chronicle of a decline foretold has China reached the Lewis Turning Point? / Mitali Das and Papa N'Diaye |
title_full | Chronicle of a decline foretold has China reached the Lewis Turning Point? / Mitali Das and Papa N'Diaye |
title_fullStr | Chronicle of a decline foretold has China reached the Lewis Turning Point? / Mitali Das and Papa N'Diaye |
title_full_unstemmed | Chronicle of a decline foretold has China reached the Lewis Turning Point? / Mitali Das and Papa N'Diaye |
title_short | Chronicle of a decline foretold |
title_sort | chronicle of a decline foretold has china reached the lewis turning point mitali das and papa n diaye |
title_sub | has China reached the Lewis Turning Point? / Mitali Das and Papa N'Diaye |
topic | BUSINESS & ECONOMICS / Labor bisacsh Labor supply fast Population fast Population aging fast Wirtschaft Labor supply China Population aging China |
topic_facet | BUSINESS & ECONOMICS / Labor Labor supply Population Population aging Wirtschaft Labor supply China Population aging China |
url | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=548042 |
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