| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11429 |
| DP11429 Firm Response to Competitive Shocks: Evidence from China's Minimum Wage Policy | |
| Harald Hau; Yi Huang; Gewei Wang | |
| 发表日期 | 2016-08-03 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | The large regional variation of minimum wage changes in 2002-08 implies that Chinese manufacturing firms experienced competitive shocks as a function of firm location and their low-wage employment share. We find that minimum wage hikes accelerate the input substitution from labor to capital in low-wage firms, reduce employment growth, but also accelerate total factor productivity growth--particularly among the less productive firms under private Chinese or foreign ownership, but not among state-owned enterprises. The heterogeneous firm response to labor cost shocks can be explained by differences in governance or management practice, but is difficult to reconcile with the idea that competitive pressure is a substitute for governance quality. |
| 主题 | Development Economics ; Financial Economics ; Industrial Organization ; Labour Economics ; Macroeconomics and Growth |
| 关键词 | Firm productivity Minimum wage policy Management quality |
| URL | https://cepr.org/publications/dp11429 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540243 |
| 推荐引用方式 GB/T 7714 | Harald Hau,Yi Huang,Gewei Wang. DP11429 Firm Response to Competitive Shocks: Evidence from China's Minimum Wage Policy. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
