Empirical Analysis of Dynamic Trend of"Institutional"High Wages in State-owned Enterprises
The high wages(institutionalized high wages)of state-owned enterprises compared to the wages in non-state-owned enterprises due to ownership factors such as administrative monopolies,governance deficiencies,and labor market segmentation are contrary to the principles of common prosperity and social equity.The empirical results of listed companies from 2011 to 2022 show that despite the continuous promotion of wage reform in state-owned enterprises by the state-owned asset supervision department,institutional high wages still exist and are becoming increasingly significant.There is a downward rigidity in the relative output changes of total wages in state-owned enterprises,while there are both upward rigidity and downward rigidity in the relative output changes of labor and employment.These rigidity factors work together,leading to increasingly significant institutional high wages.Further research indicates that the"reform of the total wage determination mechanism"launched by the State Owned Assets Supervision and Administration Commission at the end of 2018 did not have a significant inhibitory effect on institutional high wages.Therefore,it is necessary to curb the increasingly significant trend of institutional high wages and further reform the institution that leads to institutional high wages in state-owned enterprises.One of the high-quality development goals of state-owned enterprises is to eliminate unreasonable wage disparities and promote common prosperity.
common prosperityinstitutional high wagesdynamic trendsupward rigiditydownward rigidity
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