%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 = {2008-03-25T06:53:52.000+0100}, author = {Fleisher, Xiaojun}, biburl = {https://www.bibsonomy.org/bibtex/280f297b656ed57bce7b34fadf6d7b91c/acf}, 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 = {2008-03-25T06:54:05.000+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 }