• 论文 •

### 最低工资、企业生产率与技能溢价

• 出版日期:2017-01-15 发布日期:2017-02-09

### Minimum Wage, Firm’s Productivity and Skill Premium

Liu Guanchun et al.

• Online:2017-01-15 Published:2017-02-09

Abstract: This paper proposes an extended efficiency wage model with two sectors of labors (skilled and unskilled workers) and producers, and then explores the impacts of minimum wage on skill premium viewed through firm’s productivity. Our theoretical analysis reveals that, with the exogenous shocks of minimum wage, the mediate and moderating effects running from firm’s productivity to skill premium are both proved. Further, using the survey database conducted by Chinese National Bureau of Statistics and 251 city-level data in 2004, this paper shows that there is a significant positive relationship between minimum wage and skill premium. Specifically, the positive role of minimum wage is pronounced in firms with higher productivity, while minimum wage significantly improves firm’s productivity which is an important determinant of skill premium. Therefore, the minimum wage policy can’t restrain the wage gap between skilled and unskilled workers, but provides an opposite effect on exacerbating the issue.