- Thursday, April 19
- 12:15 PM
- Kaiserplatz 7-9, 4th floor, Room 4.006
Looking for the bright side of the China Syndrome: Rising export opportunities and life satisfaction in China, joint with Matthieu Crozet and Sandra Poncet
China’s increased export capacity in recent decades has disrupted developed country labour markets and the well-being of workers exposed to foreign competition. Our work attempts to complete the assessment of the social and human consequences of globalisation by exploring the inverse of this “China syndrome”. Our empirical analysis assesses the extent to which increased export opportunities have influenced well-being in China. The analysis is based on panel data covering approximately 25,000 adults across 122 Chinese localities in 2010, 2012 and 2014. The results show that perceived life satisfaction has improved significantly when local export markets have increased. This effect goes beyond improving local GDP per capita and individual incomes.