|
主讲人 |
马弘 |
简介 |
<p>This paper develops a new heterogeneous firm model under perfect competition in a Heckscher-<br />
Ohlin setting. It shows that a binding minimum wage raises product prices, encourages substitution<br />
away from labor, and creates unemployment. Less obviously, it reduces output and<br />
exports of the labor intensive good, despite the price increase, and selection in the labor (capital)<br />
intensive sector becomes stricter (weaker). Migration from rural areas increases if labor<br />
demand is inelastic, but decreases otherwise. Exploiting rich regional variation in minimum<br />
wage across Chinese prefectures we find robust evidence of these effects using Chinese Customs<br />
data matched with firm level production data.</p> |
