Low Carbon City Pilot Policy and Labor Income Share of Enterprises
In the context of China's realization of the goal of carbon peak and carbon neutrality and the promotion of common prosperity,this paper uses the quasi-natural experiment of China's low-carbon city pilot policy,which was implemented in 2010,to evaluate the impact of low-carbon city pilot policy on the labor income share of enterprises by using the panel data of Shanghai and Shenz-hen A-shares from 2007 to 2019 and the Multi-period Difference-in-Differences(DID),the research shows that the pilot policy of low-carbon cities can promote the increase of labor income share of en-terprises.This conclusion is still valid after adopting the PSM-DID method,changing the measure-ment method of key variables,and adding macro-control variables for robustness test.The low-carbon city pilot policy has increased the labor income share of enterprises by adjusting the structure of hu-man capital and improving the total factor productivity of enterprises.Increasing investment in re-search and development and the number of skilled workers in enterprises can help enhance the pro-motion effect of low-carbon city pilot policies on enterprises'labor income share.The heterogeneity analysis results show that the low carbon city pilot policy has a more significant effect on the labor in-come share of state-owned enterprises,new enterprises,capital and technology intensive enterprises,low carbon emission enterprises and enterprises in the central and western regions.
low-carbon city pilot policyenterprise labor income sharehuman capital structure ad-justmenttotal factor productivity of enterprises
万方数据
维普
