It is generally believed in existing literature that China＇s minimum wage is too low and must be raised substantially. Such a view is highly misleading given the inconsistent statistical standards for minimum and ave...It is generally believed in existing literature that China＇s minimum wage is too low and must be raised substantially. Such a view is highly misleading given the inconsistent statistical standards for minimum and average wages. In order to ensure comparability, this paper has adjusted the statistical scope for minimum and average wages respectively. If employees of urban private and self-employed businesses are included in calculating the average wage, the minimum-to-average wage ratio will increase by about 0.06; if the minimum wage standards of various localities include personal contributions to social insurance and the housing fund, the minimum-to-average wage ratio will increase by 0.008; if overtime pay is deducted from the average wage, the minimum-to-average wage ratio will further increase by around O. 06.In addition, if the median wage is used in place of the average wage, the minimum-to-average wage ratio will increase by at least 0.08. After these adjustments, China＇s minimum-to-average wage ratio for 2013 will increase from 0.28 to 0.49, which is within the range of between 0.40 and 0.60 that is recognized internationally as reasonable. Our analysis suggests that as far as the immediate interests of workers are concerned, it is more imperative to unify the statistical approaches for minimum and average wages in China than to raise the minimum wage standard. In order to achieve the expected effect, simply raising the minimum wage alone is not enough. What is also necessary is to enhance supervision and inspection on compliance by firms with the minimum wage policy, particularly the overtime pay regulations. An alternative is to replace monthly minimum wage with hourly minimum wage.展开更多
In the 1990s, China＇s urban housing reform in full swing. With the development of housing commercialization, the housing accumulation fund system in our country has come into being, which rapidly focus on development...In the 1990s, China＇s urban housing reform in full swing. With the development of housing commercialization, the housing accumulation fund system in our country has come into being, which rapidly focus on development and perfection. At the same time, the public accumulation fund for housing construction funds collection amount has reached a certain scale, which not only effectively play the function of housing security, but also precipitate more balance a lot of money.The appreciation will to be solved.展开更多
基金the Youth Program of the National Philosophical and Social Sciences Foundation "An Empirical Study on the Employment Effect and Income Distribution Effect of Minimum Wage Regulations"(Grant No.12CJY018)sponsored by the major programs of philosophical and social sciences research under the Ministry of Education "A Study on Raising the Ratio of Household Income to National Income"+1 种基金the International Development Research Center(IDRC)of Canadathe Priority Academic Program Development of Jiangsu Higher Education Institutions(PAPD)
文摘It is generally believed in existing literature that China＇s minimum wage is too low and must be raised substantially. Such a view is highly misleading given the inconsistent statistical standards for minimum and average wages. In order to ensure comparability, this paper has adjusted the statistical scope for minimum and average wages respectively. If employees of urban private and self-employed businesses are included in calculating the average wage, the minimum-to-average wage ratio will increase by about 0.06; if the minimum wage standards of various localities include personal contributions to social insurance and the housing fund, the minimum-to-average wage ratio will increase by 0.008; if overtime pay is deducted from the average wage, the minimum-to-average wage ratio will further increase by around O. 06.In addition, if the median wage is used in place of the average wage, the minimum-to-average wage ratio will increase by at least 0.08. After these adjustments, China＇s minimum-to-average wage ratio for 2013 will increase from 0.28 to 0.49, which is within the range of between 0.40 and 0.60 that is recognized internationally as reasonable. Our analysis suggests that as far as the immediate interests of workers are concerned, it is more imperative to unify the statistical approaches for minimum and average wages in China than to raise the minimum wage standard. In order to achieve the expected effect, simply raising the minimum wage alone is not enough. What is also necessary is to enhance supervision and inspection on compliance by firms with the minimum wage policy, particularly the overtime pay regulations. An alternative is to replace monthly minimum wage with hourly minimum wage.
文摘In the 1990s, China＇s urban housing reform in full swing. With the development of housing commercialization, the housing accumulation fund system in our country has come into being, which rapidly focus on development and perfection. At the same time, the public accumulation fund for housing construction funds collection amount has reached a certain scale, which not only effectively play the function of housing security, but also precipitate more balance a lot of money.The appreciation will to be solved.
