Li, Biao; Luo, Zhangwei; Wei, Yijia; Qiu, Yong; Wu, Siyi - In: Finance research letters 58 (2023) 4, pp. 1-7
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...