As China passes through its Lewis Turning Point characterized first by the appearance of a labor shortage and a constant increase in wages,its labor market shows both features of the dual economy and neoclassical growth.This paper first depicts the trend of population as a root cause of the labor market transition from dual economy to neoclassical scenario.It then reveals the changed labor market profile-the labor shortage and wage increase.By examining three major groups of employment,namely,migrant workers,university graduates,and urban vulnerable workers,it tries to explore those unique characteristics of the labor market in such a transitional period and draws policy implications.
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