节制资本、劳动力配置与企业内部收入不平等——基于反垄断执法机构改革的证据  

Capital Regulation,Labor Allocation,and Within⁃firm Wage Inequality:Evidence from the Reform of Anti⁃monopoly Enforcement Agencies

作　　者：彭飞[1] 王玲 王胜男 周世彪 吴华清[1] Peng Fei;Wang Ling;Wang Shengnan;Zhou Shibiao;Wu Huaqing(School of Economics,Hefei University of Technology;School of Management,Hefei University of Technology;School of Business,Anhui Xinhua University;Economics and Management School,Wuhan University)

机构地区：[1]合肥工业大学经济学院 [2]合肥工业大学管理学院 [3]安徽新华学院商学院 [4]武汉大学经济与管理学院

出　　处：《经济科学》2024年第6期148-172,共25页Economic Science

基　　金：国家自然科学基金面上项目“财政压力约束与制造业绿色转型:机制识别与效应评估”(项目编号:72273038);国家社会科学基金重大项目“新时代背景下我国经济发展质量动态评价及其政策协同研究”(项目编号:18ZDA064);中央高校基本科研业务费专项资金项目“异质性分权、政府治理与绿色低碳发展:基于中国县域和企业的研究”(项目编号:JZ2023HGPA0295)的阶段性成果。

摘　　要：新时代背景下,规范和引导资本健康发展对于优化国民收入分配格局具有重要意义。本文以2018年反垄断执法机构改革为准自然实验,采用双重差分模型研究了节制资本对企业内部收入不平等的影响。结果显示,节制资本改革充实了反垄断监管力量,加强了反垄断执法力度,对企业内部收入不平等具有显著改善效应,相当于在改革前的平均水平上下降了10.76%。机制检验证实,为了应对反垄断执法对资本的严格规制,企业主动优化了劳动力配置结构并提高了劳动力配置效率,进而缩小了内部收入差距。异质性分析发现,在市场分割程度较高的地区和非国有企业,以及企业内部收入不平等程度较大的企业,节制资本的收入再分配效应尤为突出。In the context of the new era,capital regulation and guidance are of great significance in optimizing the distribution pattern of national income.With the reform of anti⁃monopoly en⁃forcement agencies in 2018 as a policy shock,this paper investigates the impact of capital regula⁃tion on within⁃firm wage inequality based on a difference⁃in⁃differences(DID)method.The re⁃sults show that capital regulation strengthens anti⁃monopoly regulatory power and enforcement ef⁃forts and has a significant improvement effect on within⁃firm wage inequality,which is equivalent to a 10.76%reduction on the average before the reform.The mechanism test suggests that in re⁃sponse to the strict regulation of the anti⁃monopoly enforcement on capital,firms are forced to op⁃timize the structure of labor allocation and improve the efficiency of labor allocation,which re⁃duces the within⁃firm wage inequality.Heterogeneity analysis shows that the impact of capital reg⁃ulation on wage inequality is larger among non⁃SOEs,firms located in regions with higher market segmentation,and firms with greater income inequality.

关 键 词：节制资本 收入不平等 劳动力配置 反垄断执法 

分 类 号：F275.4[经济管理—企业管理] F244[经济管理—国民经济]