Economics, Econometrics and Finance
8 years ago

Minimum wage in rural China reduces poverty, but only to a point.

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Zhongyang Caizheng Jinrong Xueyuan xuebao
The Research of the Minimum Wage's Poverty Effect in the Monopsony Labor Market:An Example of Rural China
Luo Xiao-la

Paper Summary

The minimum wage in rural China can help reduce poverty, but only up to a certain point. After that, it can actually make poverty worse. This happens because the minimum wage is set too low.

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