In the context of the rising investment costs and the accumulation of global systemic risk events,the exit behavior of foreign-invested enterprises has become increasingly common.However,the employment and income distribution effects that come with it receive little attention and the existing literature primarily focuses on the inflow of foreign investment.This paper explores the effect of foreign divestment on labor income distribution based on the comprehensive data of industrial and commercial enterprises and the data of China Family Panel Studies(CFPS)at the provincial level.The test results indicate that foreign divestment can significantly reduce income inequality among the residents,but this effect mainly arises from the suppression of the income of high-skilled workers rather than the increase in the wage income of low-skilled workers.Meanwhile,the impact of foreign divestment on income inequality varies in different industries and regions.Additionally,the research using the counterfactual factor decomposition method reveals that the endowment disparities are the main factor affecting income inequality currently.However,with the passage of sample year and the rise in income quantile group,the contribution of coefficient effect to labor income becomes increasingly significant.
foreign divestmentlabor income distributionindividual income deprivationcounterfactual analysis
万方数据
维普
