文献类型：期刊文献

英文题名：Does Low-carbon Pilot Policy Exacerbate Wage Distortions in an Imperfect Labor Market? Theory and Evidence From China

作者：Shao, Shuai[1];Yang, Zhenbing[2];Yang, Lili[3]

机构：[1]East China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China;[2]Nanjing Univ Finance & Econ, Sch Econ, 3 Wenyuan Rd, Nanjing 210023, Jiangsu, Peoples R China;[3]Shanghai Lixin Univ Accounting & Finance, Sch Int Econ & Trade, Shanghai, Peoples R China

年份：2025

卷号：46

期号：2

起止页码：227

外文期刊名：ENERGY JOURNAL

收录：;WOS:【SSCI(收录号:WOS:001361332500001)，SCI-EXPANDED(收录号:WOS:001361332500001)】；

基金：The author(s) disclosed receipt of the following financial support for the research, authorship, and/or publication of this article: We acknowledge the financial support from the National Natural Science Foundation of China (Nos. 72243004, 72173059, 72074150, and 71904077) and Jiangsu Qing Lan Project.

语种：英文

外文关键词：low-carbon pilot policy; wage distortions; difference-in-differences model; heterogeneous stochastic frontier analysis; heterogeneity; China

摘要：Whether the introduction of low-carbon policies has an unexpected deterioration effect on preexisting wage distortions in an imperfect labor market is paid little attention to. In this paper, based on the data from China's 285 cities during 2005 to 2016, a heterogeneous stochastic frontier analysis model is used to measure the wage distortions. Further, a difference-in-differences (DID) strategy is employed to investigate the net effect of the low-carbon pilot policy (LCPP), introduced in 2010, on wage distortions. Moreover, the influence mechanism, regional heterogeneity, and ownership heterogeneity are also discussed. We find that the LCPP exacerbates the degree of wage distortions, leading to a widening gap between the value of the marginal product of labor and the actual wage level. After a series of robustness checks, this conclusion is proven to be reliable. The primary reason for this finding is that the LCPP increases the value of the marginal product of labor by improving the technological progress rate, thus widening the gap between the value and the sticky wage level. The net effect of the LCPP on wage distortions presents regional heterogeneity, which is more evident in the eastern and central regions than in the western region. In addition, in regions with a high proportion of domestic enterprises, the deterioration effect of the LCPP on wage distortions is relatively weak.JEL Classification: J31, Q58