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China’s Labor Market on Crossroad
作者姓名:Fang Cai  director and professor  Institute of Population and Labor Economics  Chinese Academy ofSocial Sciences  assistant professor  Institute of Populationand Labor Economics  Chinese Academy of Social Sciences. Du  associate professor  Institute of Population and Labor Economics  Chinese Academy of Social Sciences.
作者单位:Fang Cai,director and professor,Institute of Population and Labor Economics,Chinese Academy ofSocial Sciences,assistant professor,Institute of Populationand Labor Economics,Chinese Academy of Social Sciences. Du,associate professor,Institute of Population and Labor Economics,Chinese Academy of Social Sciences.
摘    要:I.IntroductionSincethelate1990s,China’slabor market has comeundergreat pressure,asreflected by anincreasing unemployment rate,and adeclining labor force participation rate.The causesofthe severe unemployment are threefold.First,due to the macro-economic downturn andrapid industrial structural change in the late1990s,state-owned enterprises(SOEs),whichlost their comparative advantage and competitiveness,have been unable to fully utilizetheir production capacity,and have become loss-makers.Se…

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