The effect of minimum wage on firm markup: Evidence from China

被引:25
作者
Du, Pengcheng [1 ]
Wang, Shuxun [2 ]
机构
[1] Capital Univ Econ & Business, Sch Econ, 121 Zhangjialukou, Beijing 100070, Peoples R China
[2] Capital Univ Econ & Business, Sch Finance, 121 Zhangjialukou, Beijing 100070, Peoples R China
基金
中国国家自然科学基金;
关键词
Minimum wage; Finn markup; China; TRADE; PRODUCTIVITY; EMPLOYMENT; INDUSTRY; IMPACT; INEQUALITY; DISPERSION; INNOVATION; DYNAMICS; BUSINESS;
D O I
10.1016/j.econmod.2019.10.012
中图分类号
F [经济];
学科分类号
02 ;
摘要
Our paper examines the impact of minimum wage on firm markup in China. We find that minimum wage generates a positive effect on firm markup. More value-enhancing innovative activities, TFP improvement, and efficient labor resource allocation are the potential channels. Further, the positive influence of minimum wage is more pronounced for privately-owned firms, for firms with higher labor intensity and firms with less financial constraints. Besides, these findings are generally robust to different estimation methods. Our results provide new insights into understanding the channels through which labor regulation may cause the change of markup for the emerging markets countries.
引用
收藏
页码:241 / 250
页数:10
相关论文
共 38 条
[1]   INDUSTRY DYNAMICS AND THE MINIMUM WAGE: A PUTTY-CLAY APPROACH [J].
Aaronson, Daniel ;
French, Eric ;
Sorkin, Isaac ;
To, Ted .
INTERNATIONAL ECONOMIC REVIEW, 2018, 59 (01) :51-84
[2]  
Acemoglu D, 2003, RES LABOR ECON, V22, P159, DOI 10.1016/S0147-9121(03)22005-7
[3]   IDENTIFICATION PROPERTIES OF RECENT PRODUCTION FUNCTION ESTIMATORS [J].
Ackerberg, Daniel A. ;
Caves, Kevin ;
Frazer, Garth .
ECONOMETRICA, 2015, 83 (06) :2411-2451
[4]  
Aghion P., 2018, NBER WORKING PAPER
[5]  
[Anonymous], [No title captured]
[6]  
[Anonymous], [No title captured]
[7]  
[Anonymous], 2013, 19262 NBER
[8]  
[Anonymous], 2017, W23687 NAT BUR EC RE
[9]   The Minimum Wage and Inequality: The Effects of Education and Technology [J].
Barany, Zsofia L. .
JOURNAL OF LABOR ECONOMICS, 2016, 34 (01) :237-274
[10]   THE MODERATOR MEDIATOR VARIABLE DISTINCTION IN SOCIAL PSYCHOLOGICAL-RESEARCH - CONCEPTUAL, STRATEGIC, AND STATISTICAL CONSIDERATIONS [J].
BARON, RM ;
KENNY, DA .
JOURNAL OF PERSONALITY AND SOCIAL PSYCHOLOGY, 1986, 51 (06) :1173-1182