Peak Carbon Emission Pressure and Labor Income Share:An Empiri-cal Study Based on Data from Chinese A-share Listed Companies
Peak carbon emissions is the way to realize green development,and this strategic goal is bound to have a profound impact on the production and operation of enterprises.Based on the data of Chinese A-share listed compa-nies,this paper explores the income distribution effect of peak carbon emission pressure from the perspective of labor income share,constructs a mathematical model and finds through empirical tests that:peak carbon emission pressure significantly reduces the labor income share of enterprises,and this result is still relatively robust after replacing the core variables and controlling the endogeneity problem.Capital deepening is an important channeling mechanism be-tween peak carbon emission pressure and labor income shares,where firms deepen capital in response to peak carbon emission pressure,which in turn leads to a decline in labor income shares.Heterogeneity tests show that the negative effect of carbon peak pressure on the labor income share is significant only in the samples of highly capital-intensive firms and state-owned enterprises.This paper is of practical significance for fully understanding the changing pattern of corporate income distribution and securing the share of labor income in the context of carbon peak pressure.
peak carbon emission pressurecapital deepeninglabor income shareincome distribution
万方数据
