Digital Economy Development and Labor Income Share Change:On the"Productivity Paradox"of Digital Technological Progress
Using provincial panel data,this paper explores the impact of digital economy development on labor income share and its mechanism.The results show that the development of digital economy will significantly improve the labor income share,and this conclusion is still valid after endogenous processing and multi-dimensional robustness test.Based on the mechanism analysis of Euler equation decomposition,it is found that the development of digital economy will increase the average wage rate;At the same time,the output lag and employment expansion under digital economy will encounter the"productivity paradox"of technical progress,which will not significantly increase labor productivity and lead to a more labor-biased initial distribution.However,with digital economy to bring the output gains and employment absorption return to the normal range,its positive effect on the labor income share will gradually decline,and even pull the economy again into the"quagmire"of low labor income share.Therefore,promoting the basic synchronization between the improvement of labor remuneration and labor productivity through the development of digital economy is of great significance for gradually achieving common prosperity.
Digital Economy DevelopmentLabor Income ShareAverage Wage RateLabor ProductivityProductivity Paradox
万方数据
