薪酬抵税与企业薪酬安排
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| Title | Payroll Tax Deduction and Corporation Payroll Arrangement
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| 作者 | 韩晓梅 龚启辉 吴联生 |
| Author | Han Xiaomei, Gong Qihui and Wu Liansheng |
| 作者单位 | 南京理工大学经济管理学院；浙江大学管理学院；北京大学光华管理学院 |
| Organization | Nanjing University of Science and Technology; Zhejiang University; Peking University |
| 作者Email | hxm626@163.com；gongqihui@126.com；wuls@gsm.pku.edu.cn |
| 中文关键词 | 薪酬抵税 收入差距 生产效率 |
| Key Words | Payroll Tax Deduction; Income Gap; Total Factor Productivity |
| 内容提要 | 税收政策的收入分配效应是学术界和实务界所关注的焦点问题。本文以我国2008年薪酬抵税改革为背景，研究了薪酬抵税改革所带来的薪酬税收成本降低对企业薪酬安排的影响。研究发现，薪酬抵税改革所导致的薪酬税收成本降低，提高了员工的总薪酬，总薪酬提高具体体现为员工平均薪酬的提高，而非员工人数的增加；薪酬抵税改革主要提高了普通员工的薪酬水平，并降低了企业高管与普通员工之间的薪酬差距，并最终提高了企业的全要素生产率。这一效应在工资水平较低和股利支付率较低的公司中更为明显。以上结果表明，薪酬抵税改革有效调节了劳动收入分配，进而提升了企业生产效率。 |
| Abstract | The income distribution effect of tax policy has been a hot issue for policy maker and academia. Based on the payroll tax deduction reform in 2008, we find that it stimulates corporations to increase the total wage through increasing the average wage and holding the number of staff constant, due to the reducing tax cost of payroll caused by payroll tax deduction reform. Further analyses reveal an increase in employee’s average wage, a reduction in income gap between top management and employee, and an improvement in total factor productivity (TFP) during the post-reform period. The above effects are more pronounced when corporations have lower wage level or have lower cash dividend ratio. In sum, our findings suggest that the payroll tax deduction reform lead to a positive income distribution and then improve the productivity. |
| 文章编号 | WP1057 |
| 登载时间 | 2016-05-03 |
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