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- W2061388892 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." @default.
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- W2061388892 date "2004-02-01" @default.
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- W2061388892 title "Skill differentials, return to schooling, and market segmentation in a transition economy: the case of Mainland China" @default.
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- W2061388892 doi "https://doi.org/10.1016/j.jdeveco.2002.12.002" @default.
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