“Woah! It's like Spotify but for academic articles.”

Instant Access to Thousands of Journals for just $40/month

Comments by Xuejin Zuo

Comments by Xuejin Zuo Comments Comments Xuejin Zuo: The paper argues that China’s demographic transition and its passing through the “Lewis turning point” imply major changes in the country’s comparative advantage. As China—both the country as a whole and the coastal region in particular—is gradually losing its comparative advantage in labor-intensive manufacturing, it is facing the risk of falling into the middle-income trap. The paper also makes some policy suggestions to avoid this trap. Although I agree with the author’s major arguments and the policy suggestions, I would like to make the following comments. The paper marshals data to show that the wages of unskilled workers (primarily the migrant workers) have experienced rapid growth since 2003. Of course, this trend can be attributed to the slower growth in the labor supply. However, in addition to the impact of demographic changes, there might be other changes affecting wages of the unskilled workers as well—for instance, the rocketing price of urban housing and the upward leaps in the cost of living. The consumer price index published by the National Bureau of Statistics is based, to a large extent, on surveys of registered urban households, and this may seriously understate the increase in the cost http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asian Economic Papers MIT Press

Loading next page...

You're reading a free preview. Subscribe to read the entire article.

And millions more from thousands of peer-reviewed journals, for just $40/month

To be the best researcher, you need access to the best research

  • With DeepDyve, you can stop worrying about how much articles cost, or if it's too much hassle to order — it's all at your fingertips. Your research is important and deserves the top content.
  • Read from thousands of the leading scholarly journals from Springer, Elsevier, Nature, IEEE, Wiley-Blackwell and more.
  • All the latest content is available, no embargo periods.

Stop missing out on the latest updates in your field

  • We’ll send you automatic email updates on the keywords and journals you tell us are most important to you.
  • There is a lot of content out there, so we help you sift through it and stay organized.