The effect of technology innovation on wage-income gap under the goal of common prosperity:Evidence from R&D and adoption
Technology innovation is a dynamic process,including two links:R&D and technol-ogy adoption.In the traditional economic model of technology innovation and wage-income in-equality,the paper endogenously portrays the technology adoption,and clarifies the relationship between technology adoption and wage-income distribution.The predictions of the theoretical model are verified empirically using panel data from China.It is found that:We reconstruct the model between technology innovation and wage-income gap,prove the effect and mechanism of R&D and technology adoption on wage-income gap from the theoretical level,and highlight the importance of technology adoption.The effect of R&D and technology adoption on wage-income gap is obviously different.Technology adoption helps to reduce the wage-income gap,but R&D widens the wage-income gap.The conclusion is still valid after a series of robustness tests.The mechanism analysis shows that technology adoption plays a role in alleviating the wage-income gap mainly through marketization,intellectual property protection and technology trading mar-ket.Our results imply that government should pay sufficient attention to technology adoption,not just R&D.In other words,only when the R&D enters the production process to achieve tech-nology adoption,can it help narrow the wage-income gap to achieve common prosperity while promoting high-quality economic development.
NETL
NSTL
万方数据
