Can Labor Mobility Reduce Labor Costs-Based on the Empirical Research of Chinese Listed Companies
Keywords:
Labor mobility, Labor costs, Managerial shareholding, Institutional shareholdingAbstract
This paper the relationship between labor mobility and labor costs. Using multi-point Difference-in-Differences (DID) method and Ordinary Least Squares (OLS) regression models, we empirically analyze data from Chinese listed companies. Furthermore, we explore the relationship between labor mobility and labor costs under the moderating effects of managerial shareholding and institutional shareholding. Finally, we employ a combination of Propensity Score Matching (PSM) and DID to test the robustness of the experimental results. The findings indicate a negative correlation between labor mobility and labor costs. Moreover, managerial shareholding and institutional shareholding are found to facilitate labor mobility and reduce labor costs.
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