Global value chain participation and income inequality within enterprises: An empirical study based on Chinese-listed companies

Alai Yeerken and Deng Feng

Finance Research Letters, 2024, vol. 69, issue PA

Abstract: In the debate about the causes of inequality, a growing strand of research focuses on the effects of globalization on income inequality. This study focuses on Chinese-listed companies from 2000–2016, examining the influence of GVC participation on intra-firm wage disparities. It finds a significant, non-linear inverted U-shaped relationship between GVC participation and wage inequality, which remains robust across various empirical specifications. The results also show that global value chain embedding has a more significant impact on income inequality within non-state-owned enterprises, larger enterprises, and enterprises with higher bargaining power among employees. This finding is qualitatively robust across various different empirical specifications.

Keywords: Global value chain; Income inequality; Rent sharing; Common prosperity; Chinese-listed companies (search for similar items in EconPapers)
JEL-codes: F14 I31 J31 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pa:s1544612324011875

DOI: 10.1016/j.frl.2024.106158

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