Insufficient Information and the Failure of China's Childcare Sister-in-law Market
The main manifestations of the failure of the childcare sister-in-law market in China are the large supply and demand gap,poor supply quality,and unstable employment relationships.The original information of caregivers is untrue and insufficient,and caregiver companies have not been able to play the role of shock absorbers,and the ability of parents of infants and young children to collect and distinguish caregiver information is limited.Insufficient information directly affects the care-giver market and leads to market failure,including reducing matching efficiency through transaction costs,reducing supply quantity through reverse selection,and reducing service quality through moral hazard.The government should regulate the market,shift companies from an intermediary system to an employee system,enhance the value of professional skills certificates,strengthen the construction of parenting information platforms,enhance information transparency,and restore the proper role of market mechanisms.
childcare sister-in-lawthe failure of marketinsufficient informationscattered industrymarket regulation