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Effects of Labor Price Hike and Population Ageing on Rural Land * Lease in China
Yang Jin (杨进) and Chen Zhigang (陈志钢)
School of Economics, Huazhong University of Science and Technology (HUST), Wuhan, China
International Food Policy Research Institute (IFPRI), Beijing, China
Abstract: In answering the questions as whether China’s rising labor price and ageing
workforce have affected rural land leasing and whether these factors have any joint effect,
we have employed RCRE data of the Ministry of Agriculture to carry out an empirical
analysis and the result indicates that labor price hike has significant positive effects on both
the land lease-in and lease-out of rural households, i.e. labor price hike will help increase
the land leasing of rural households. At the level of ageing workforce, our empirical results
indicate that ageing workforce does not create any significant impact on rural land leasing
market no matter for land lease-in or lease-out in overall samples, plain regions and
mountainous regions. In our empirical analysis on whether ageing workforce will intensify
or weaken the effects of labor price hike on rural land leasing market, the regression result
also indicates that there is no significant effect from a statistical perspective.
Keywords: labor price, ageing, land leasing
JEL Classification Code: J31, P23, Q15
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