STRUCTURAL CHANGE AND AGGREGATE EMPLOYMENT FLUCTUATIONS IN CHINA
研究发现中国总就业与产出的相关性接近零且波动很低，关键在于农业与非农业部门间的劳动力重新配置，收入效应在长期和短期都起重要作用。
Abstract In developed countries, aggregate employment is strongly procyclical and almost as volatile as output. In China, the correlation of aggregate employment and output is close to zero, and the volatility of aggregate employment is very low. We argue that the key to understanding aggregate employment fluctuations in China is labor reallocation between the agricultural and nonagricultural sectors, and that the income effect plays an important role in determining the labor reallocation dynamics in both the long run and short run.