Trade liberalization and labor monopsony: Evidence from Chinese firms

IF 3.8 1区经济学 Q1 ECONOMICS

Journal of International Economics Pub Date : 2024-09-26 DOI:10.1016/j.jinteco.2024.104006

Illenin O. Kondo , Yao Amber Li , Wei Qian

引用次数: 0

Abstract

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 labor market power, we leverage differences in the aggregate labor supply dynamics across labor 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 more labor supply growth. Our estimates suggest that lower labor markdowns due to input trade liberalization offset China’s aggregate labor share decline by almost one-half percentage point in the early 2000s.

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贸易自由化与劳动力垄断：来自中国企业的证据

我们的研究结果表明，投入品关税的大幅下调与中国劳动力降价相关，尤其是对技术密集型企业而言。在均衡劳动力市场力量风格化模型的指导下，我们利用劳动力市场总劳动力供给动态的差异--如中国同时进行的高校扩招改革的地区差异--表明在劳动力供给增长较多的劳动力市场，贸易导致的劳动力降价幅度更大。我们的估计结果表明，投入品贸易自由化导致的劳动力降价抵消了 2000 年代初中国劳动力总份额下降的近半个百分点。

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

Journal of International Economics ECONOMICS-

CiteScore

5.80

自引率

6.10%

发文量

期刊介绍： The Journal of International Economics is intended to serve as the primary outlet for theoretical and empirical research in all areas of international economics. These include, but are not limited to the following: trade patterns, commercial policy; international institutions; exchange rates; open economy macroeconomics; international finance; international factor mobility. The Journal especially encourages the submission of articles which are empirical in nature, or deal with issues of open economy macroeconomics and international finance. Theoretical work submitted to the Journal should be original in its motivation or modelling structure. Empirical analysis should be based on a theoretical framework, and should be capable of replication.