最低工资，比较优势与产业内资源再配置
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| Title | Minimum Wage, Comparative Advantage and Inter-industry Reallocation
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| 作者 | 赵仲匡 杨汝岱 宋敏 |
| Author | Zhao Zhongkuang, Yang Rudai and Song Min |
| 作者单位 | 武汉大学经济与管理学院;北京大学经济学院;香港大学经济与工商管理学院 |
| Organization | Economics and Management School, Wuhan University; School of Economics, Peking University; School of Economics and Finance, University of Hong Kong |
| 作者Email | deniszzk@163.com;rdyang@pku.edu.cn; fmsong@hku.hk |
| 中文关键词 | 最低工资 企业出口 比较优势 再配置效应 |
| Key Words | Minimum Wage, Firm Export, Comparative Advantage, Reallocation Effect |
| 内容提要 | 本文通过工具变量的方法，研究了最低工资对企业出口和比较优势的影响。实证研究表明，城市最低工资每上升10%，企业出口的概率将下降0.211%，出口额将下降1.28%，上述结论对不同的模型设定和使用工具变量后稳健。进一步的研究表明，劳动密集型产业内的企业受到的冲击仅略微增加（0.234%），加总到城市产业的数据也表明出口与最低工资的提高不相关。上述结论可以用最低工资形成的资源再配置效应来解释：存续企业中未受冲击的企业出口扩张更快，受冲击的企业退出的概率更大，进入出口市场的概率更低。 |
| Abstract | In this paper, we estimate the effect of minimum wage(MW) on firm-level exports and comparative advantage with IV estimation. Our findings imply that with a 10% increase of MW on city level, the probability and the volume of firm’s export will decrease by 0.211% and 1.28% respectively. The results are robust to alternative model specification and IV estimation. Further study suggest that such effects are only slightly stringent in labor intensive sectors(0.234%), and aggregated exports on city-sector are not significantly related with MW. These results can be consistently explained with inter-industry reallocation effect of MW: the exports of affected incumbents shrink significantly; affected firms have higher exit probability and lower entry probability. |
| 文章编号 | WP1342 |
| 登载时间 | 2019-03-05 |
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