By comparing the results of the existing literature and ongoing studies in China to those in other countries, it appears that the OCP has had a large and persistent impact on many aspects of society. Investigating these impacts may shed light on related issues in other realms of research, such as economics, demographics, and sociology.
OCP has curbed the potentially problematic population boom in China, though researchers disagree as to how much of that should be attributed to the policy, and it has possibly increased human capital accumulation. But, it has also brought with it problems, such as an unbalanced sex ratio, increased crime, and individual dissatisfaction toward the government.
Since 2010, the government has loosened the policy restrictions. In late 2013, China’s government started the “selective two child policy” which allowed couples to have two children if one member of the couple has no siblings. In November 2015, the government ended the OCP and started the “universal two child policy.” Although the OCP has now been terminated, there are many important questions that have yet to be answered.
Understanding job search is crucial to forming a complete picture of this extraordinary economic event and could provide valuable insights for economic policy making in future pandemic-induced recessions.
Confinement measures need to be accompanied by adequate compensation for economically disadvantaged groups, and relief measures must also be designed in light of their potential impact on social distancing.