Trade liberalization and labor monopsony: Evidence from Chinese firms

被引：0
|
作者：
Kondo, Illenin O. [1 ]
Li, Yao Amber [2 ]
Qian, Wei [3 ]
机构：
[1] Fed Reserve Bank Minneapolis, Opportun & Inclus Growth Inst, Res Dept, 90 Hennepin Ave, Minneapolis, MN 55401 USA
[2] Hong Kong Univ Sci & Technol, Fac Associate Inst Emerging Market Studies IEMS, Dept Econ, Kowloon, Clear Water Bay, Hong Kong, Peoples R China
[3] Haverford Coll, Dept Econ, 370 Lancaster Ave, Haverford, PA 19041 USA
来源：
JOURNAL OF INTERNATIONAL ECONOMICS | 2024年 / 152卷
关键词：
Input trade liberalization; Labor market power; Skill intensity; China; WAGE INEQUALITY; MARKET; PRODUCTIVITY; COMPETITION; MARKUPS; GLOBALIZATION;
D O I：
10.1016/j.jinteco.2024.104006
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We document that larger input tariff reductions were associated with lower labor markdowns in China, especially for skill-intensive firms. Guided by a stylized model of equilibrium market power, we leverage differences in the aggregate labor supply dynamics across markets - such as regional variations in China's contemporaneous college expansion reforms - to that show trade-induced labor markdown decreased more in labor markets with labor supply growth. Our estimates suggest that lower labor markdowns due to input liberalization offset China's aggregate labor share decline by almost one-half percentage in the early 2000s.
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页数：36
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