Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212642 
Year of Publication: 
2008
Series/Report no.: 
BOFIT Discussion Papers No. 29/2008
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
In January 2008, China adopted a new labour contract law. This new law represents the most significant reform to the legislation on employment relations in mainland China in more than a decade. The paper provides a theoretical framework on the inter-linkages between labour market regulation, option value and the choice and timing of employment. All in all, the paper demonstrates that the Labour Contract Law in its own right will have only small impacts upon employment in the fast-growing Chinese economy. Rather, induced increasing unit labour costs represent the real issue and may reduce employment.
Subjects: 
China
labour contract law
real options
employment
JEL: 
C61
D81
D92
J23
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-949-2
Document Type: 
Working Paper

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