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[Comments on specific article] Working Paper No.18, Yi Huang, etc. Minimum Wage and Firm Employment: Evidence from China
Time: 2014/4/16 15:25:15
Abstract: This paper studies how minimum wage policies affect firm employment in China using a unique county level minimum wage data set matched to disaggregated firm survey data. We investigate both the effect of imposing a minimum wage, and the effect of the policies that tightened enforcement in 2004. We find that the average effect of minimum wage changes is modest and positive, and that there is a detectable effect after enforcement reform. Firms have heterogeneous responses to minimum wage changes which can be accounted for by differences in their wage levels and profit margins: firms with high wages or large profit margin increase employment, while those with low wages or small profit margin downsize. The increase in enforcement of China’s minimum wage in 2004 has since amplified this heterogeneity, which implies that labor regulation may reduce the monopsony rent of firms. Our results provide evidence for the theoretical predictions of the positive minimum wageemployment relationship in a monopolistic labor market.
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Copyright © 2012-2024 Research Team of Income Distribution. All Rights Reserved
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© 版权所有:收入分配研究团队 2012-2024 京ICP备12037474号-1
地址:北京市海淀区新街口外大街19号 邮编:100875
Copyright © 2012-2024 Research Team of Income Distribution. All Rights Reserved
Address: 4th Floor of Jing-shi-xue-tang and Room 9504 of Jingshi Hotel, Beijing Normal University, No. 19 Xinjiekouwai Street, Haidian District, Beijing, 100875.