Effects of the Minimum Wage on Small Firms in China: Spillover Effects from Large Firms*

IF 5.3 3区经济学 Q1 ECONOMICS

Asian Economic Papers Pub Date : 2022-01-10 DOI:10.1162/asep_a_00844

Qiaoyi Chen, Zhao Chen, Lin Guan

引用次数: 3

Abstract

Abstract This study investigates how minimum wage affects small firms through spillover effects from large firms. Using firm-level panel data from Anhui Province in China, we find that after a minimum wage increase, small firms will reduce workers’ wages and create jobs due to the inflow of displaced workers from large firms. This spillover effect is larger for micro firms and private firms, where minimum wage compliance tends to be lower. We also find that high-tech small firms are more affected than low-tech ones because of their greater demand for skilled labor. Our findings not only highlight the unintended consequences of minimum wage on small firms in China, but also help to explain the ambiguous employment effects of minimum wage on the covered sector in developing countries.

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中国最低工资对小企业的影响:来自大企业的溢出效应*

摘要本研究调查了最低工资如何通过大企业的溢出效应影响小企业。利用中国安徽省的企业层面面板数据，我们发现，在提高最低工资后，由于大企业的流动工人流入，小企业会降低工人的工资并创造就业机会。这种溢出效应对微型企业和私营企业更大，因为它们的最低工资合规性往往较低。我们还发现，高科技小公司比低技术小公司受到的影响更大，因为它们对熟练劳动力的需求更大。我们的研究结果不仅突出了最低工资对中国小企业的意外后果，而且有助于解释最低工资对发展中国家覆盖部门的模糊就业影响。

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

Asian Economic Papers ECONOMICS-

CiteScore

7.50

自引率

0.00%

发文量

期刊介绍： The journal Asian Economic Papers (AEP) is supported by several prominent institutions, including the Center for Sustainable Development at Columbia University in the United States. This shows that there is a strong emphasis on sustainable development within the journal's scope. Additionally, the Korea Institute for International Economic Policy in South Korea, the UN Sustainable Development Solutions Network (SDSN) in Malaysia, and the Economic Research Institute for ASEAN and East Asia in Indonesia also sponsor AEP. The articles published in AEP focus on conducting thorough and rigorous analyses of significant economic issues pertaining to specific Asian economies or the broader Asian region. The aim is to gain a deeper understanding of these issues and provide innovative solutions. By offering creative solutions to economic challenges, AEP contributes to the discourse and policymaking that impact the Asian economies and region as a whole.