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

IF 5.6 2区经济学 Q1 BUSINESS, FINANCE

Emerging Markets Review Pub Date : 2024-07-01 DOI:10.1016/j.ememar.2024.101168

Mong Shan Ee , Hamid Beladi , Chi-Chur Chao

引用次数: 0

Abstract

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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公司结构、部分私有化和工资不平等：中国股权分置改革的证据

本文研究了中国国有企业私有化对工资分配和经济福利的影响。将盈利性国有企业私有化可以缩小工资不平等并改善福利，但同时也会产生企业活力效应，从而扩大技术工人与非技术工人之间的工资差距。我们将 2005 年中国的股权结构分置改革作为一个准自然实验，通过实证研究证明了盈利性国有企业部分私有化与工资差距之间的正相关关系。我们的研究结果与关闭无盈利的国有企业的计划是一致的，如果没有政府补贴，这些企业将无法生存。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Emerging Markets Review Multiple-

CiteScore

7.10

自引率

4.20%

发文量

审稿时长

100 days

期刊介绍： The intent of the editors is to consolidate Emerging Markets Review as the premier vehicle for publishing high impact empirical and theoretical studies in emerging markets finance. Preference will be given to comparative studies that take global and regional perspectives, detailed single country studies that address critical policy issues and have significant global and regional implications, and papers that address the interactions of national and international financial architecture. We especially welcome papers that take institutional as well as financial perspectives.