Dong, Xiao-yuan; Putterman, Louis - In: Comparative Economic Studies 43 (2001) 2, pp. 111-128
The need to lay off redundant employees emerged as an important policy issue in urban China in the 1990s. The degree of over-manning can be estimated by comparing estimates of the marginal product of labor with estimates of the full wage, including bonuses, subsidies, and non-cash benefits. We...
