Factor Income Structure and Skill Premium in Labor Income Change:Theory and Estimation
Increasing the proportion of labor remuneration in the income distribution system is an important driving force to build a new development pattern and achieve common prosperity.Drawing on the panel data of A-share listed companies in Shanghai and Shenzhen from 2010 to 2021,this paper starts from the perspective of skill premium and labor-capital income ratio.The fixed effects and Tobit models are used to explore the effects,mechanisms and potential heterogeneity of the labor income share.It is found that skill premium and labor-capital income ratio have a significant negative impact on labor income share.After the endogeneity problem treat-ment and a series of robustness tests,the conclusion remains valid.Further research shows that skill labor employment ratio has a sig-nificant negative impact on skill premium.Therefore,we should continue to promote technological innovation,guide the direction of technological progress,and improve the relationship between labor factor income of different skills and capital factor income,so as to a-chieve a win-win situation of high-quality development and common prosperity.
labor income shareskill premiumlabor-capital income ratioskill labor employment ratio
NETL
NSTL
万方数据
