Effects On The Employment To RMB Exchange Rate Adjustment

With the constant improvement of the market mechanism in China,continuous innovation and development of the financial system,exchange rate adjustment changes on the structure of the marketeconomy became increasingly evident. Adjust and optimize thestructure of employment is the driving force for sustained economicgrowth, and the outstanding problems in China’s employment structureis the capability of independent innovation in the industry, lack ofresources and energy consumption high, although the services sectorhas developed rapidly, but significantly behind. To accelerate theoptimization of the structure of employment facing many challenges,such as the rise in the cost structure optimization, thecontradiction between increased employment pressure, open theadjustment space narrowing. Thus a simple adjustment of the structureof employment is very difficult, but in the new economic situation,the rapid appreciation of the RMB exchange rate to the employmentstructure to speed up the pace to promote the optimization andupgrading of the industry.In this paper, the impact of exchange rate changes on theemployment structure of the main line, is divided into six parts. Thefirst part of the purpose and significance of this study, as well asthe methods used; The second part of China since the founding ofexchange rate system, this option is divided into the planned economy,transition economies, market economy and the transformation of fourperiods of the economy, and explain the four-period exchange ratechoose the impact on employment; The third part discusses thetheoretical overview of exchange rate adjustment on the employmentstructure from the micro, me so and macro point of view of domesticand foreign organized analysis. Maximize the benefits and theconsumer’s utility maximization in the microscopic two starting mesoto illustrate the impact of exchange rate adjustment on employment from the industry point of view and transmission channels, and on thechoice of exchange rate regime, external shocks, such as classifiedas macroscopic point of view.Domestic and international research in this field, due to thesimilarity of the economic development path of Japan and South Koreaand China, this paper special study of the exchange rate regimebetween the two countries to adjust their employment, with on thisbasis for our to certain experiences; fifth part is the empiricalpart, a variety of research methods, the advantages and disadvantagesof a comparative analysis demonstrated a variety of empirical methods,select the VAR vector auto regression model, followed by thetheoretical assumptions of the model equation describes theestablished econometric model, the third is to select the data,descriptive and correlation analysis, and give a variable an externalshock pulse to reflect, in order to explain the changes of theexternal exchange rate movements on total employment obtained finalconclusions; last part is a summary of the full text, as well as theoutlook for the employment prospects in China.