Minimum wage system and corporate tax burden stickiness

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-06-20 DOI:10.1016/j.frl.2025.107819

Mingfu Xue

引用次数: 0

Abstract

This paper, based on data from Chinese A-share listed companies spanning 2011–2023, conducts an empirical examination of the impact mechanisms and heterogeneous characteristics of minimum wage standard increases on corporate tax burden stickiness. The study yields three key findings: First, Chinese listed companies generally exhibit tax burden stickiness; second, minimum wage increases significantly alleviate tax burden stickiness by compelling enterprises to upgrade technology and optimize resource allocation; third, further heterogeneity analysis reveals that the tax burden stickiness-alleviating effect of minimum wage increases is more pronounced among state-owned enterprises (SOEs), which is closely related to their rigid institutional enforcement, excess employment practices, and operational constraints.

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最低工资制度与企业税负粘性

本文基于2011-2023年中国a股上市公司数据，实证检验了最低工资标准上调对企业税负粘性的影响机制和异质性特征。研究得出三个主要结论：第一，中国上市公司普遍存在税负粘性；第二，提高最低工资标准显著减轻税负粘性，迫使企业进行技术升级和资源优化配置；第三，进一步的异质性分析表明，最低工资上调的税负粘性缓解效应在国有企业中更为明显，这与国有企业的刚性制度执行、过度用工和经营约束密切相关。

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

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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