Intra-firm pay gap and labor demand

Biao Li, Zhangwei Luo, Yijia Wei, Yong Qiu and Siyi Wu

Finance Research Letters, 2023, vol. 58, issue PD

Abstract: Based on data from Chinese A-share listed firms from 2006 to 2020, this paper empirically analyzes the impact of the intra-firm pay gap on firms' labor demand. We find that the widening intra-firm pay gap changes the structure of firms' labor demand, increasing the demand for low-skilled labor and decreasing the demand for high-skilled and middle-skilled labor. The effect of the widening intra-firm pay gap on the demand for low-skilled labor is more pronounced in non-state-owned firms, non-manufacturing firms, and firms with high governance level.

Keywords: Intra-firm pay gap; Labor demand; Chinese listed firms (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pd:s154461232301005x

DOI: 10.1016/j.frl.2023.104633

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