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

work, Entrepreneurship, and finance

This paper examines the effect of financial crisis on off-farm employment of China’s rural labor. Using a unique data set collected across China, we find that there was a large impact. By April 2009 the net impact on off-farm employment reached 6.8 percent of rural labor force. Monthly earnings also declined. However, while we estimate that 49 million were laid-off between October 2008 and April 2009, half of them were re-hired in off-farm by April 2009. By August 2009, less than 2 percent of rural labor force was unemployed due to the crisis. The robust recovery helped avoid the instability.

431wp_0.pdf (230.78 KB)
Author(s)
Jikun Huang
Huayong Zhi
Zhurong Huang
John Giles
Scott Rozelle
Publication Date
December, 2010