Entry deregulation and labor share: Evidence from China

被引：2
|
作者：
Chen, Bo [1 ]
Xu, Huange [2 ]
Li, Guangchen [3 ]
机构：
[1] Jinan Univ, Sch Econ, 601 Huangpu Rd, Guangzhou 510000, Peoples R China
[2] Southwest Jiaotong Univ, Sch Publ Adm, 111,North Sect 1,Second Ring Rd, Chengdu 610031, Peoples R China
[3] Beijing Wuzi Univ, Sch Econ, 321 Fuhe St, Beijing, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2023年 / 58卷
关键词：
Entry deregulation; Labor share; Negative list policy; Staggered DID; COMPETITION; FALL;
D O I：
10.1016/j.frl.2023.104610
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Based on the Negative List Policy (NLP) implemented in China, this paper uses Chinese A-share listed companies from 2007 to 2021 as sample and employs the staggered difference-indifferences (DID) method to examine the impact of entry deregulation on labor share. We find that after the implementation of NLP, enterprises in the treatment group experience a 4.4 % increase in labor share. Specifically, in the goods market, NLP will increase labor share by weakening market power and reducing monopoly profits. In the factor market, NLP will boost labor share by impeding capital deepening and increasing labor inputs.
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页数：8
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