Technological Change and Wages in China: Evidence from Matched Employer–Employee Data
The relationship between research and development (R&D) intensity and wages is examined using a unique matched employer–employee dataset. The ordinary least squares estimates suggest that a one standard deviation increase in R&D intensity is associated with an increase in the hourly wage rate between 3.4% and 6.9% for the full sample, depending on the exact specification. The instrumental variable estimates are that a one standard deviation increase in R&D intensity is associated with an increase in the hourly wage rate between 5.5% and 11.4%. The wage elasticity with respect to R&D intensity is found to be higher in larger firms as well as for better educated workers and workers with technical skills. Consistent with the rent-sharing hypothesis it is also found that the wage elasticity with respect to R&D intensity is higher for workers who belong to the Communist Party or union.
Year of publication: |
2014
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Authors: | Mishra, Vinod ; Smyth, Russell |
Published in: |
Review of Development Economics. - Wiley Blackwell. - Vol. 18.2014, 1, p. 123-138
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Publisher: |
Wiley Blackwell |
Saved in:
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