The tradeoff between equity and efficiency in the reform of China’s wage policy

QIONG, HUANG and SATISH, CHAND (2014) The tradeoff between equity and efficiency in the reform of China’s wage policy. In: International Conference on Advances in Economics, Social Science and Human Behaviour Study - ESHB 2014, 26 - 27 August,2014, City University of Hongkong, Hongkong.

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Abstract

This study reviews the history of China’s wage policy and analyzes the importance of balancing efficiency and equity in the wage reform. Efficiency means wage increase and equity refers to equal distribution of wages among different segments of society. Due to contradictions between efficiency and equity, each country cannot achieve both at one time. The study shows that the shift from equity to efficiency in China’s wage policy increases workers’ wages but also widens wage inequality. Thus, each government has to make tradeoffs between efficiency and equity according to the relatively importance of the two in society.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: wage reform, efficiency, equity, inequality
Depositing User: Mr. John Steve
Date Deposited: 29 May 2019 07:57
Last Modified: 29 May 2019 07:57
URI: http://publications.theired.org/id/eprint/2932

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