naa a22 4500 510729045 CHVBK 20180411082946.0 cr unu---uuuuu 180411e20131001xx s 000 0 eng 10.1007/s11403-012-0095-4 doi (NATIONALLICENCE)springer-10.1007/s11403-012-0095-4 Coexistence of surplus labor and the Lewis turning point in China: a unitary household decision-making model study [Elektronische Daten] [Huai Liu, Shinan Cao, Jing Deng] This paper discusses the underlying relationship between surplus labor and the Lewis turning point in the duration of rapid economic growth in China. An agent-based model was proposed for studying the Lewis turning point and labor resource allocation, in which the decision-making interactions were made among the members of a household. This model differs from traditional development economics theory in which only an individual's behavior is considered. How peasant households allocate their human capital to maximize the utility of a household unit was investigated on the basis of the unitary principle under the assumption of risk aversion. The roles of living expenses, subsidies and income adjustment factors were also considered. Our results revealed the paradoxical phenomenon that rural surplus labor and the Lewis turning point coexist. Springer-Verlag, 2012 Lewis turning point nationallicence Surplus labor nationallicence Agent-based model nationallicence Unitary model nationallicence Labor resource allocation nationallicence Liu Huai School of Environment and Natural Resources, Renmin University of China, Beijing, China aut Cao Shinan School of Finance, Renmin University of China, Beijing, China aut Deng Jing School of Economics and Management, Beijing Forestry University, Beijing, China aut Journal of Economic Interaction and Coordination Springer Berlin Heidelberg 8/2(2013-10-01), 249-266 1860-711X 8:2<249 2013 8 11403 https://doi.org/10.1007/s11403-012-0095-4 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11403-012-0095-4 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Liu Huai School of Environment and Natural Resources, Renmin University of China, Beijing, China aut NATIONALLICENCE 700 1- Cao Shinan School of Finance, Renmin University of China, Beijing, China aut NATIONALLICENCE 700 1- Deng Jing School of Economics and Management, Beijing Forestry University, Beijing, China aut NATIONALLICENCE 773 0- Journal of Economic Interaction and Coordination Springer Berlin Heidelberg 8/2(2013-10-01), 249-266 1860-711X 8:2<249 2013 8 11403 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer