#2718. Did the Labor Contract Law Affect the Capital Deepening and Efficiency of Chinese Private Firms?

March 2027publication date
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Journal’s subject area:
Economics, Econometrics and Finance (all);
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Abstract:
Since the entry into force of the Labor Contracts Law (LCL) in 20XX, private firms in China have experienced a significant increase in the capital/labor ratio, known as capital deepening. The results show that pensions have had a significant impact on the capital/labor ratio in private firms since 20XX.
Keywords:
capital deepening; efficiency evaluation; employment protection legislation; labor market intervention; mandated benefit

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