Trade Expansion,Crisis and Decrease of Labor Income Share:an Empirical Study of China's Second Industry
研究了1995至2007年间中国第二产业劳动收入份额下降的原因，发现贸易扩张显著提升了份额，而1997年金融危机影响不大，人民币升值和劳动力供给增加则抑制了份额上升。
This paper explores the factors that caused the decrease of China's labor income share from 1995 to 2007,especially focusing on the trade expansion and economic crisis.The results show that trade expansion has significantly increased China's labor income share,while the financial crisis in 1997 didn't exert substantial effect on this mechanism.The empirical analysis testifies the basic conclusions of traditional trade theories.It is found that as the dual conditions for wage flexibility in labor markets are difficult to meet,China's labor income share shows some counter-cyclical characteristics;besides,RMB appreciation and rising labor supply hinder the increase of labor income share.Centering on globalization and dual conditions for wage flexibility,the authors further come up with the suggestions such as adhering to opening up policy,accelerating industrial upgrading and reducing wage rigidity.