A Comparative Study On The Per Capita Wages Of Virtual And Real Listed Companies

Based on the data of China’s A-share listed companies from 2008 to 2017,this thesis compares the general differences of salary per capita for employees in the virtual economy sector,and the real economy sector from the perspectives of salary structure and salary distribution,and then classifies sample companies from the perspectives of company size,equity characteristics and six different dimensions so as to study the current status and trends of the average salary distribution for employees working for listed companies both in virtual economy and real economy.The thesis has empirically tested whether there is difference in the average salary for employees in both sectors and found out the factors behind the difference.It provides a new research perspective in guiding laborers to flow reasonably between the two economic sectors so the two sectors can develop in a coordinated way and the income distribution among different economic sectors can be balanced.The study finds that:(1)under the control of other variables,the per capita wages of Listed Companies in the fictitious economy sector are 0.76% higher than those in the real economy sector,and the results are significant at 1%;(2)the overall wage levels of employees in the fictitious economy sector and the real economy sector show an upward trend from 2008 to 2017,and the virtual economy sector is always higher than the real economy sector,and the difference is increasing.Plus: The ratio of per capita wage between fictitious sector and real sector increased from 2.16 times in 2008 to 2.27 times in 2017;(3)According to the difference of wage distribution structure,the difference of high wage level(90 points)between fictitious sector and listed companies in real sector is narrowing,while the difference of middle and low wage level(50 points,10 points)is increasing;(4)in different assets.The average per capita wage of employees in virtual department is higher than that of entity department under the characteristics of total amount,number of employees and enterprise scale of main business income.In companies with total assets of more than 10 billion,the maximum per capita wage of the entity sector is higher than that of the virtual sector;in companies with more than 500 employees,the maximum per capita wage of the entity sector is higher than that of the virtual sector;in companies with main business income of more than 5 billion,the maximum per capita wage of the entity sector is higher than that of the virtual sector;(4)per capita employees of Listed Companies in 2008-2017 The average growth rate of seniority is 5.32%.Among them,the average annual growth rate of the virtual economy sector is 5.48%,the real economy sector is 4.99%,and the virtual sector is higher than the real sector;(6)State-owned enterprises have a 0.15% promotion effect on the per capita wage of the real economy sector and a 0.30% promotion effect on the virtual economy sector;(7)every unit of labor expenditure increased by the virtual economy sector will bring higher corporate income.As a result,the virtual economy departments are more willing to increase labor input and pay higher wages,which results in wage disparities.Therefore,it is suggested that:(1)the policy of linking the proportion of tax receivable to the proportion of employee’s wage expenditure should be implemented for listed companies in the real economy sector,so as to increase the wages of employees in the real economy sector;(2)guiding the labor force to enter the real economy sector for employment,encouraging the real economy sector to issue a minimum wage not lower than the local minimum wage standard line;(3)controlling the listed companies in the real economy sector.Income gap.The innovation of this paper is to analyze the difference of per capita wage and its influencing factors of the listed companies from the perspective of enterprise heterogeneity from the perspective of enterprise characteristics.The Cobb-Douglas function is used to calculate the output(enterprise income)brought by the labor input of Listed Companies in the virtual and real sectors of the economy,which promotes the application of the function.