The Evolution of Labor Income Share in the Wave of Digital Transformation: An Empirical Analysis Based on Chinese A-Share Listed Companies
DOI:
https://doi.org/10.54097/n1b2p207Keywords:
Digital transformation, resource allocation, labor income shareAbstract
With the booming development of the global digital economy, digital transformation has become a core driving force for China's economic restructuring and industrial upgrading. However, the impact of digital transformation on resource allocation efficiency and income distribution patterns, especially on the mechanism of its effect on labor income share, remains controversial. Against this backdrop, this study focuses on the impact of digital transformation on labor income share and its mechanism of action, aiming to provide a theoretical basis for relevant policy formulation. This study uses A-share listed companies in China from 2014 to 2023 as the initial research sample and employs econometric methods such as panel data analysis and threshold models to systematically study the impact of digital transformation on labor income share and its mechanism of action. The specific research contents include: (1) analyzing the direct impact of digital transformation on labor income share; (2) exploring the mediating effect of resource allocation optimization on digital transformation and labor income share; and (3) examining the heterogeneity characteristics of the impact of digital transformation on labor income share, including differences in industry, region, and enterprise size. The study found that digital transformation has a significant inverted U-shaped relationship with labor income share by optimizing resource allocation and improving labor productivity, but this impact is significantly heterogeneous across different industries, regions, and enterprise sizes. Therefore, policymakers should consider these factors and formulate differentiated policies to promote balanced development of digital transformation and ensure a reasonable increase in the share of labor income. At the same time, this study emphasizes the importance of enhancing workers' digital skills and optimizing the layout of digital infrastructure to meet the needs of digital transformation and drive high-quality economic development.
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