The Economic Impact of Mixed Ownership Reform of State-owned Enterprises on Labor Allocation
Using the data of A-share state-owned listed companies in Shanghai and Shenzhen from 2004 to 2023,this paper empirically studies the economic impact of mixed ownership reform of state-owned enterprises on labor allocation.It is found that the mixed reform of state-owned enterprises will promote the technological upgrading of enterprise labor force,that is,enterprises will reduce the proportion of low skilled labor force,and reduce the proportion of low educated labor force.At the same time,the mixed reform of state-owned enterprises will enhance the stickiness between the average wage and performance,and improve the stickingness of labor quantity and performance,that is,improve the effectiveness of labor and the efficiency of labor utilizetion.Heterogeneity analysis shows that the mixed reform of state-owned enterprises has a more significant impact on the state-owned enterprises with central control and the enterprise with a lower proportion of other social capital used for reform.At the same time,it has a more significant impact on the labor force of enterprises in non-competitive industries and high labor-intensive industries.
mixed ownership reform of state-owned enterprisestechnical structure of labor forceeffectiveness of labor wagesefficiency of labor utilization