Firm-Size Effect on Wages:Evidence from Chinese Competitive Labor Market
利用中国雇主-雇员匹配数据，研究发现技术效率能完全解释企业规模对工资的正向影响，大企业高工资主要源于高能力员工和高技术效率。
This paper uses employer-employee matched data collected from China to solve the puzzle of firm-size wage premium.We find that technical efficiency can completely explain the positive effect of firm size on wage rates,after controlling for human capitals of workers,regions and industries.Large firms provide high wages mainly because they have high-ability workers and high technical efficiency.Our data have two distinct features, compared with previous studies using data collected from developed countries.One is that workers and managers match with their firms,which help us to control for both individual and firm characteristics in estimations. The other is that in the manufactural industry,Chinese labor market is much more competitive,which facilitate us to identify the effect of firm size on wages.