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An Analysis of the Factors Influencing New-Generation Peasant Workers’ Decision-Making of Vocational Training Participation—A Micro Perspective

  • Zhiqiang Cheng
  • Wei Xu
Chapter

Abstract

Population bonus has become one of the most important sources for China’s economic growth since the reform and opening up. Population bonus generated by the growth of working-age population inter-playing with reform bonus from the urban-rural dual system and globalization bonus created by opening up to the world have triggered the change of labor structure from traditional sector to modern sector and from inefficient sector to the high-efficiency sector, and China’s economy has entered into a dual development stage with unlimited supply of labor as described by Lewis. With comparative advantage in labor-intensive industries supported by plenty of cheap labor, China’s export-driven economy has been growing rapidly.

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Copyright information

© The Commercial Press, Ltd. and Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  • Zhiqiang Cheng
    • 1
  • Wei Xu
    • 2
  1. 1.Guanghua School of ManagementPeking UniversityBeijingChina
  2. 2.School of Economics and ManagementWuhan UniversityWuhanChina

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