Skill differentials, return to schooling, and market segmentation
in a transition economy: the case of Mainland China
X. Fleisher. Journal of Development Economics, (2004)
Abstract
A body of existing research attributes evident underpayment of workers
and low private returns to schooling in China through the mid-1990s
to the persistence of labor-market monopsony. We find that rural
enterprises overpay production workers relative to a monopsony profit-maximizing
benchmark, while there is extreme underpayment of skilled workers
relative to the monopsony profit-maximizing amount. This relatively
large "exploitation" of skilled workers explains, in a proximate
sense, low private returns to schooling.
%0 Journal Article
%1 Fleisher2004(Skill)
%A Fleisher, Xiaojun
%D 2004
%J Journal of Development Economics
%K IMS MBA Marketing Service_Marketing hinese_economyTransition_economiesProductivityMarket_segmentation
%P 315328
%T Skill differentials, return to schooling, and market segmentation
in a transition economy: the case of Mainland China
%U http://www.sciencedirect.com/science/article/B6VBV-49N0FPM-6/2/af04bb0a16598943a619f1899e203963
%V 73
%X A body of existing research attributes evident underpayment of workers
and low private returns to schooling in China through the mid-1990s
to the persistence of labor-market monopsony. We find that rural
enterprises overpay production workers relative to a monopsony profit-maximizing
benchmark, while there is extreme underpayment of skilled workers
relative to the monopsony profit-maximizing amount. This relatively
large "exploitation" of skilled workers explains, in a proximate
sense, low private returns to schooling.
@article{Fleisher2004(Skill),
abstract = {A body of existing research attributes evident underpayment of workers
and low private returns to schooling in China through the mid-1990s
to the persistence of labor-market monopsony. We find that rural
enterprises overpay production workers relative to a monopsony profit-maximizing
benchmark, while there is extreme underpayment of skilled workers
relative to the monopsony profit-maximizing amount. This relatively
large "exploitation" of skilled workers explains, in a proximate
sense, low private returns to schooling.},
added-at = {2008-03-25T06:38:08.000+0100},
author = {Fleisher, Xiaojun},
biburl = {https://www.bibsonomy.org/bibtex/280f297b656ed57bce7b34fadf6d7b91c/afeld},
description = {MBA-IntServiceMarketing},
interhash = {a8e7d03ed4e93f054e54a58052d778db},
intrahash = {80f297b656ed57bce7b34fadf6d7b91c},
journal = {Journal of Development Economics},
keywords = {IMS MBA Marketing Service_Marketing hinese_economyTransition_economiesProductivityMarket_segmentation},
owner = {afeld},
pages = 315328,
timestamp = {2008-03-25T06:39:02.000+0100},
title = {Skill differentials, return to schooling, and market segmentation
in a transition economy: the case of Mainland China},
url = {http://www.sciencedirect.com/science/article/B6VBV-49N0FPM-6/2/af04bb0a16598943a619f1899e203963},
volume = 73,
year = 2004
}