Probe Into The Institutional Change Of Labor Force Property Rights In New China

Since the establishment of New China in1949, our country has undergone plannedeconomy, dual economy and opened socialist market economy under the domination ofstate-owned property rights. In2008China has initially built up the socialist marketeconomy, which means our country basically completed the transformation from “the theoryof national standard” to “the theory of enterprise ontology”, and now has been entering intocitizen standard theories that focus on individual’s rights and interests. How to make allmembers of society, especially our socialist laborers become the reformation’s mainbeneficiary during the social evolution, is the top priority of socialist nation. This essay takesthe institutional change of labor force property rights in New China as the clue, propose thatthe key to fulfil socialist task is to reasonably define labor force property rights and makethem effectively realized. This paper explores possible methods that labor property rightssystem could become more efficient with fewer obstacles.First, this thesis reviews some related theories, adopts some Marx’s theories about laborproperty rights and most neo-institutional economics’ property rights theory. In line withprofessor Yao Xingu’s definition of labor force property rights, the introduction also pointsout some shortcomings of existing studies and several potential points that can be improved.Then, in order to have a better study of the institutional change of labor force propertyrights, the author first clarifies the definitions of property rights, human capital propertyrights, labour property rights, labor force property rights and the connections between them,analyzes what rights should be included in labor force property rights, and points out thatworkers’ right to own a part of their labor fruits’ surplus is its key right. The writer comes upwith a labor surplus value segmentation model that explores a new way of wealthdistribution, and she also analyzes features of labor force property rights, interpretingworkers’ right to possess their own labor force in a new point of view.Next, a detailed change of labor force property rights during the process of China’seconomic system reformation is reviewed. This paper analyzes the institutional change oflabor force property rights from the aspect of leading factors, which is government andmarket. The author points out labor force property rights is getting rid of state and collectiveownership (in which labor force property rights are distorted), returning back to individualownership during the transformation from planned economy to market economy. From theabove, a clear idea of more efficient property rights’ arrangement and evolution trend are obtained. The author uses data to prove that Chinese labors haven’t obtained deserved rightsand interests through reformation; labor force property rights are violated by government andenterprises. Problems and influencing factors of labor force property rights’ institutionalchange are analyzed for probing into individual property rights’ effective ways of realization.Finally, we can come to the conclusion the complete labor force property rights’ core isthe right for worker to own a part of their own labor fruits’ surplus, for reaching that, laborsurplus value segmentation approach needed to be improved, new enterprise allocationinstitution needed to be created&labor union organization needed to be developed andexpanded. The author tries to establish enterprise surplus value division model that aims atmaximizing the benefit of capital owner and labor owner both sides. The definition andrealization of labor force property rights is a gradual process that cannot be separated fromthe perfection and realization of socialist market economy.