Corporate structure, partial privatization, and wage inequality: Evidence from China's split share structure reform

被引：0
|
作者：
Ee, Mong Shan [1 ]
Beladi, Hamid [2 ]
Chao, Chi-Chur [3 ]
机构：
[1] Deakin Univ, Deakin Business Sch, Dept Finance, Burwood, Vic 3125, Australia
[2] Univ Texas San Antonio, Coll Business, San Antonio, TX 78249 USA
[3] Feng Chia Univ, Dept Econ, Taichung, Taiwan
来源：
EMERGING MARKETS REVIEW | 2024年 / 61卷
关键词：
SOEs; Privatization; Output subsidy; Firm entry; Wage gap; INCOME INEQUALITY; EXECUTIVE-COMPENSATION; OPERATING PERFORMANCE; CASH HOLDINGS; FIRM DYNAMICS; OWNERSHIP; STATE; TRADE; LABOR; UNEMPLOYMENT;
D O I：
10.1016/j.ememar.2024.101168
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper examines the effects of privatizing China's state-owned enterprises (SOEs) on wage distribution and the welfare of the economy. Privatizing profitable SOEs can narrow wage inequality and improve welfare, and it is however accompanied by a business dynamism effect that can widen the skilled-unskilled wage gap. Using China's split share structure reform in 2005 as a quasi-natural experiment, we empirically demonstrate for profitable SOEs a positive relationship between partial privatization and wage gap. Our findings are consistent with the plan to wind down unprofitable SOEs that would not survive without government subsidies.
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页数：24
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