The Impact of Wage Gap on Innovation Activities of Private Small and Medium-Sized Enterprises——Based on the Perspective of Labor Market Sector Segmentation
By the end of 2020,private smes have contributed nearly 80％of China's total pat-ents,and they are the main body of innovation activities in China.At the same time,they also pro-vide about 80％of all employment opportunities in China.However,they also belong to the vulner-able group among Chinese enterprise groups.In addition to facing traditional financing difficulties,private small and medium-sized enterprises are also in a disadvantageous position in the labor mar-ket.The epidemic in the past three years has exacerbated this problem.This article uses the China Industrial Enterprise Database and the China Patent Database to empirically study the impact of the wage gap between state-owned enterprises and private small and medium-sized enterprises,divided by region and industry,on the innovation activities of private small and medium-sized enterprises.By analyzing channels such as talent crowding out,factor substitution,and entrepreneurial activities,it is found that this wage gap will weaken the innovation activities of private small and medium-sized enterprises.Heterogeneity analysis shows that the innovation activities of private small and medi-um-sized enterprises with higher wage benefits are more affected by this wage gap.Therefore,the in-novation activities of"specialized and special new"private small and medium-sized enterprises with higher wage benefits and more direct competition with state-owned enterprises in the same indus-try will suffer more adverse effects of the widening wage gap.Therefore,governments at all levels should give more talent policies to private small and medium-sized enterprises,and coordinate this factor when the reform of state-owned enterprises involves income distribution,To cultivate more"specialized and special new"small and medium-sized enterprises to help"Made in China 2025".
Division of departmentsWage gapSMEsInnovationSpecialized and new
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