{"id":33087,"date":"2025-02-17T22:52:41","date_gmt":"2025-02-17T15:52:41","guid":{"rendered":"https:\/\/cdri.org.kh\/new\/publications\/impact-of-the-global-financial-crisis-on-the-rural-labour-market-evidence-from-nine-villages-in-cambodia\/"},"modified":"2025-02-17T22:52:42","modified_gmt":"2025-02-17T15:52:42","slug":"impact-of-the-global-financial-crisis-on-the-rural-labour-market-evidence-from-nine-villages-in-cambodia","status":"publish","type":"publications","link":"https:\/\/cdri.org.kh\/new\/publications\/impact-of-the-global-financial-crisis-on-the-rural-labour-market-evidence-from-nine-villages-in-cambodia\/","title":{"rendered":"Impact of the Global Financial Crisis on the Rural Labour Market: Evidence from Nine Villages in Cambodia"},"content":{"rendered":"

This report presents new work on the impacts of the global
\nfinancial crisis on the rural labour market in Cambodia. The analysis uses a
\ncombination of descriptive statistics and econometric modelling with data from
\nhousehold surveys in nine rural villages to track labour market changes before,
\nduring and after the crisis and then assesses the magnitude of associated
\nimpacts. The study produces a number of interesting findings. Perhaps the most important result was that, because of the global
\nfinancial crisis, employment participation in rural Cambodia increased; the
\nemployment structure shifted towards agriculture and informal sectors; real
\nwages decreased; and migration reversed from overseas and urban areas to rural
\nvillages. In other words, the crisis put pressure on many households to involve
\nmore family members in income earning. This situation, an increasing supply of
\nlabour with constant or declining demand, put downward pressure on real wages
\nand caused incomes to fall. Second, the rural labour market is the last resort for returning
\nmigrants and laid-off urban workers in difficult economic times. This could
\nalso imply that rural areas served as a safety net for a highly vulnerable
\nworkforce affected by the crisis. <\/p>\n

Third, although the analysis hasn\u2019t been able to use full panel
\ndata due to the fact that the survey in 2009 involved 90 households, the report
\nmakes a significant contribution to existing case study literature on the
\nglobal financial crisis and its impacts on Cambodia\u2019s rural labour market,
\nespecially via using quantitative household data.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

This report presents new work on the impacts of the global financial crisis on the rural labour market in Cambodia. The analysis uses a combination of descriptive statistics and econometric modelling with data from household surveys in nine rural villages to track labour market changes before, during and after the crisis and then assesses the magnitude of associated impacts. The study produces a number of interesting findings. Perhaps the most important result was that, because of the global financial crisis, […]<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5],"tags":[],"class_list":["post-33087","publications","type-publications","status-publish","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nImpact of the Global Financial Crisis on the Rural Labour Market: Evidence from Nine Villages in Cambodia - CDRI<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Impact of the Global Financial Crisis on the Rural Labour Market: Evidence from Nine Villages in Cambodia - CDRI\" \/>\n<meta property=\"og:description\" content=\"This report presents new work on the impacts of the global financial crisis on the rural labour market in Cambodia. The analysis uses a combination of descriptive statistics and econometric modelling with data from household surveys in nine rural villages to track labour market changes before, during and after the crisis and then assesses the magnitude of associated impacts. The study produces a number of interesting findings. 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