Published on: 2015-04-16
Ph.D, Stanford University
Director, HKUST Institute for Emerging Market Studies
Chair Professor, Division of Social Science
Professor, Department of Economics
Tel (852) 2358 5981
Office Room IAS2018
Personal web site albertfpark.com
AREAS OF EXPERTISE
Development economics, labor economics, human capital, economics of aging, applied microeconomics, Chinese economy
Albert Park is a development and labor economist who is an expert on China’s economic development. His research has been featured by the Economist, New York Times, Wall Street Journal, BBC, CNN, and NPR. Professor Park is a Research Fellow of the Centre for Economic Policy Research (London), the Institute for the Study of Labor (IZA, Bonn), the International Growth Centre (Oxford/LSE/DFID), and the Human Capital and Economic Opportunity Working Group (Chicago). In recent years he has published articles in leading economics journals on firm performance, poverty and inequality, migration and employment, health and education, and the economics of aging in China. He currently serves on the editorial boards of the Journal of Comparative Economics, Oxford Economic Papers, and Chinese Economic Review. Prof. Park has co-directed numerous survey research projects in China; currently he is PI for a new firm-worker survey in the Pearl River Delta, PI for the Gansu Survey of Children and Families, a longitudinal study of rural youth, and co-PI for the China Health and Retirement Longitudinal Study (CHARLS). He previously held faculty appointments at the University of Michigan and Oxford University, and has consulted frequently for the World Bank.
SELECTED PAPERS & PUBLICATIONS
- Gallagher, Mary, John Giles, Albert Park, and Meiyan Wang, “China’s 2008 Labor Contract Law: Implementation and Impacts on Workers,” Human Relations, forthcoming.
- Cai, Hongbin, Hongbin Li, Albert Park, and Li-an Zou, “Family Ties and Organizational Design: Evidence from Chinese Private Firms,” Review of Economics and Statistics, 95(3): 850-867, 2013.
- Giles, John, Dewen Wang, and Albert Park. “Expanding Social Insurance Coverage in China,” Research in Labor Economics 37: 123-179, 2013.
- Park, Albert, Yan Shen, John Strauss, and Yaohui Zhao. “Relying on Whom?: Poverty and Consumption Financing of China’s Elderly,” in National Research Council (J.P. Smith and M. Majmundar, Eds.), Aging in Asia: Findings from New and Emerging Data Initiatives (Washington, DC: The National Academies Press), pp. 148-172, 2012.
- Mangyo, Eiji, and Albert Park. “Relative Deprivation and Health: Which Reference Groups Matter?” Journal of Human Resources 46(3): 459-481, 2011.
- Park, Albert, Dean Yang, Xinzheng Shi, and Yuan Jiang. “Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis,” Review of Economics and Statistics 92(4): 822–842, 2010.
- Park, Albert, and Sangui Wang. “Community Development and Poverty Alleviation: An Evaluation of China’s Poor Village Investment Program,” Journal of Public Economics, 94(9-10): 790-799, 2010.
- Cai, Fang, Yaohui Zhao, and Albert Park. “The Chinese Labor Market in the Reform Era,” in Loren Brandt and Thomas Rawski, eds., China’s Economic Transition: Origins, Mechanism, and Consequences, Cambridge University Press, 2008.
- Park, Albert, and Minggao Shen. “Refinancing and Decentralization: Evidence from China,” Journal of Economic Behavior and Organizations 66(3-4): 703-730, 2008.
- Giles, John, Albert Park, and Fang Cai. “Re-employment of Dislocated Workers in Urban China: the Roles of Information and Incentives,” Journal of Comparative Economics 34(3): 582-607, 2006.
[Thought Leadership Brief] How Do Minimum Wage Policies Affect Workers in Emerging Markets?
[Seminar] The Plight of Manufacturing and the Future of Jobs in China
[Working Paper] Paul GLEWWE; Albert PARK; Meng ZHAO. A Better Vision for Development: Eyeglasses and Academic Performance in Rural Primary Schools in China
[Media Coverage] Albert Park comments on China’s administrative reforms on South China Morning Post
[Media Coverage] Need for policy reforms acute for emerging markets facing growth headwinds, warns Albert Park on CNN
[Media Coverage] Aging Chinese Face a Bleak Picture – Research Study by IEMS’ Albert Park Featured on WSJ, CNN, SCMP, and Science Magazine
[Conference] Presentation slides and video on "Research Findings Using HRS-typed Datasets: The case of Asia" at RIETI-JSTAR Symposium - Japan's Future as a Super Aging Society: International comparison of JSTAR datasets (December 12, 2014) A related coverage by the Japanese newspaper Nikkei Shimbum can be found here.
[Talk] Prof Park talked about how to cope with population aging in China, an HKUST Science-for-Lunch event
Watch Prof Park talk about the key takeaways of the brief
View full brief (PDF)
In this brief, the authors note that while minimum wage policies in BRICS countries generally increase wages at the bottom end of the wage distribution, their impact on employment and wealth inequality is less defined. The impact of such minimum wage policies closely tied to the levels of policy compliance and enforcement in each country. For example, in China, India, and South Africa–where enforcement is relatively high–minimum wages have had marked positive effects on labor markets (serving as a sort of “lighthouse effect”)–while in Russia and Brazil such regulations may have increased employment in informal labor markets.
[Bio] Albert Park
[IEMS Thought Leadership Brief] Wage Discrimination in Urban China: How Hukou Status Affects Migrant Pay
[IEMS Academic Conference] Workshop on Minimum Wages and Employment in China, Hong Kong, and the World
[IEMS Academic Conference] 8th Asian Conference on Applied Micro-Economics/Econometrics (Theme: Labor Economics)
Tags: brazil, china, India, labor market, minimum wage, russia, South Africa, wages