Costly Labor Adjustment: General Equilibrium Effects of China's Employment Regulations
---- Acknowledgements -----
This research was supported by a National Science Foundation (# 0819682) to Russell Cooper, a National Science Foundation of China grant (# 70903004) to Ping Yan and Russell Cooper, and a National Science Foundation of China grant (#71273162) to Guan Gong and Russell Cooper. The Department of Social Science of Peking University provided additional research funding. Guan Gong also benefited from the support of the Leading Academic Discipline Program, 211 Project for Shanghai University of Finance and Economics and Shanghai Leading Academic Discipline Project (# B801). Huabin Wu provided outstanding research assistance on the initial phases of this project. Immo Schott contributed to further developing the code for the policy analysis. We are grateful to John Haltiwanger and Jonathan Willis for sharing code from an earlier joint project. We are grateful to seminar participants at the European University Institute, the University of Alicante, University of Cyprus, the Federal Reserve Bank of St. Louis and the University of Rochester for helpful questions and comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.