“What Caused the ‘Marginal Products of Labor-Wage Gap’ in State-Owned Enterprises in China during the Early-Reform Era? A Reconsideration based on a Case Study in Henan.”
- 著者名 : Yano, Go, Maho Shiraishi and Xohrat Mahmut
- 出版年月日： August 2011
- 雑誌名（巻号・項数）： Journal of Chinese Economics and Business Studies, Vol. 9, No.3, pp. 217-238.
- 出版社： Taylor & Francis
Abstract
The marginal-products-of-labour (MPL) wage gap is studied in the early-reform Chinese economy, using the Olley-Pakes estimation technique to estimate the production function, based on micro data including different categories of labour. From this measurement of MPL-wage gaps and econometric analyses, several conclusions are drawn. First, the MPL-wage gap was anomalously large for managers in state-owned enterprises (SOEs) compared with other categories of labour. Second, the large MPL-wage gap of managers raised the average MPL-wage gap across various categories of labour, resulting in higher than the average wage MPL throughout the entire workforce, which is regarded as homogeneous. Third, the large MPL-wage gap, or, in other words, the under-employment of managers, occurred not only because the state still centrally employed
and allocated labour to SOEs, but because the economy faced a labour supply constraint of managers in early-reform China. This observation
supports a modified version of the state labour-monopsony hypothesis.
Keywords: marginal products of labour-wage gap; Olley-Pakes estimator; different categories of labour; labour-monopsony hypothesis; supply constraints of managers (educated workers)
JEL Classifications: J23; J24; J31; O12; O53; P23