Labor protection,information disclosure and analyst forecasts:Evidence from China's Labor Contract Law

Labor protection increases employees’stability and strengthens their monitoring role,improving firms’information environment and increasing analysts’earnings forecast accuracy.Using the implementation of China’s Labor Contract Law as a quasi-natural experiment,we find that labor protection significantly improves analyst forecasts.This positive impact is stronger when agency problems are weaker,board independence is greater,corporate reputation is better and industry competition is more intense.Enhanced labor protection significantly reduces firms’business risk and accrual-based earnings management,decreases stock price synchronicity and increases market pricing efficiency.Our findings of significant impacts of China’s Labor Contract Law on analysts’forecasting behaviors offer important guidance for promoting the development of the Chinese capital market and policy making in labor protection.

China's Labor and Social Security Protection under the Globle Financial Crisis

Against the background of economic globalization, the economy of many countries has been inevitably affected by the globle financial crisis. But the impact varies. China, as one of the leading countries in globalization, the direct or indirect impact it suffered can be imagined. The Chinese government adopted a series of measures to deal with the financial crisis.

Analysis on Problem of Rural Surplus Labor and Recommendations for Rural Labor Transfer

Based on the historical development of the problem of rural surplus labor in China,this paper explored its development path.It made an in-depth analysis of the obstacles in the process of rural labor transfer and put forward relevant recommendations,including strengthening the cultural knowledge and skills training of the rural surplus labor,improving the relevant systems after migrant workers enter cities,strengthening the protection of the legal rights and interests of migrant workers,and vigorously developing the rural labor transfer market.

How China Protects People's Right to Labor——An interview with Labor and Social Security Minister Tian Chengping

Following is an interview given to our staff reporter by Chinese Minister Tian Chengping of Labor and Social Security on protection of the people＇s right to labor, which is an important part of the national endeavor to protect human rights. The minister spoke on a range of questions, including employment and reemployment of workers in Chinese cities, wages of migrant workers from the countryside, efforts to narrow the gap of income between different population groups, and protection of the legitimate rights and interests of the working masses.

直面贸易保护主义的我国产业链——论拓展市场与深化分工的必要性

产业链的经济思想源于分工与协作相互促进又相互制约的关系,技术与市场是产业链发展两个最重要的影响因素。贸易保护主义一方面阻断科技传播与吸收,另一方面限制市场范围,对产业链发展造成不利影响。提升产业链水平应当立足于产业链协同创新,抓住产业技术革命带来的机遇重组产业链建立竞争优势,培育和开发更大的市场范围,促进产业链整体价值提升。

培养专业化劳动力比较优势 破除贸易保护主义

经济全球化是发达国家调整产业结构的需要,始于次贷危机的全球金融危机重创了发达国家的经济,也因此迟滞了经济全球化的进程,贸易保护主义重新抬头。本文以劳动价值论为出发点,分析了专业化高端劳动力在各国的动态比较优势和经济增长中的核心地位及演变规律,指出后发国家有可能依靠专业化高端劳动力比较优势超越先发国家率先进行产业结构升级,从而主导世界贸易政策。因此,我国应该加强人才培养、自主研发和产品的技术含量,以产业升级促贸易发展。

分工与国际经济保护主义:驳“中国威胁论”

马克思主义认为,伴随着市场经济的发展,国际分工日趋细化,从而将世界各国都卷入到分工体系中。现代国际分工表现出多阶段、多层次的结构,因而各国的比较优势发生了迅速改变,使各国劳动力的就业受到较大影响。这不是一个国家因为国际贸易或贸易政策所产生的对另外一个国家的威胁,而更多的是技术进步和生产分工全球化的必然。政府的政策应该放在如何因势利导,解决这些过渡性问题上。目前的现实是,国际经济保护主义已经成为一种脆弱恢复期各国开放政策的新态势。