通知公告
首页»
通知公告
通知公告
01.10经济系seminar《Labor Market Risk and Corporate Policies -- Evidence from Minimum-Wage Law Reform in China》
发布时间:2014-01-04
浏览量:
时间:1月10日(周五)15:30 - 17:00
地点:后主楼1722
报告人:黄毅博士,瑞士日内瓦高等国际金融研究院
题目:Labor Market Risk and Corporate Policies -- Evidence from Minimum-Wage Law Reform in China
内容简介:This paper studies the impacts of the labor-market risk on corporate policies using a “quasi experiment” of minimum-wage law reform in China. We provide evidence of significant changes on firm financing and investment decisions after the reform by employing variation in minimum-wage enforcement across regions. Using hand-collected data from a largely representative industry survey as well as city-level macro data, we investigate the real effect of labor market shocks. The importance of our findings is how it highlights the sizable effect of labor friction on corporate policies.