Increasing the proportion of labor income in national income is an important way to alleviate the income distribution problem in China,optimize the income distribution pattern and stimulate domestic demand.However,from the 1990s to the American subprime mortgage crisis in 2008,China’s share of labor income has been on the decline.Although it began to increase after 2008,the share of labor income is still hovering at a low level.This means that workers can’t fully enjoy the dividend of economic development,and the gap between the rich and the poor between workers and capital owners is further widened,which is not conducive to the realization of the goal of common prosperity and the healthy development of China’s economy and society.At the same time,digital technology is developing vigorously,which contains new opportunities to promote the increase of labor income share and creates a new situation of income distribution in China.With the rapid development of digital economy,data as an important factor of production,permeates all aspects of production,accelerating the pace of digital transformation of enterprises and reshaping the distribution pattern of factor income.Under this background,this paper systematically sorts out the literature related to enterprise digital transformation and labor income share,and constructs a theoretical analysis framework of enterprise digital transformation and labor income share.Based on the analysis of the influence mechanism of digital transformation of enterprises on labor income share,this paper uses the panel data of A-share listed companies from 2011 to 2021 to measure the degree of digital transformation of enterprises by text analysis,and evaluates the effect and mechanism of digital transformation of enterprises on labor income share.Based on theoretical and empirical analysis,this paper draws the following conclusions:(1)The digital transformation of enterprises has significantly increased the share of labor income.(2)From the heterogeneity of the impact of enterprise digital transformation on labor income share,enterprise ownership,industry factor density and location factors are all important factors that affect the impact of enterprise digital transformation on labor income share.(3)From the influence mechanism of enterprise digital transformation on labor income share,enterprise digital transformation can influence labor income share through two paths:employment effect and wage and productivity effect.First of all,digital transformation promotes the increase of labor income share by affecting employment.Secondly,the digital transformation of enterprises affects the share of labor income through wage and productivity effects.The change rate of wages under the influence of digital transformation of enterprises is greater than that of labor productivity,which shows that digital transformation has promoted the increase of labor income share through the relative changes of wages and labor productivity.(4)In the long run,the promotion effect of enterprise digital transformation on labor income share will gradually weaken with the passage of time.The reason why the long-term effect is weakened is that the influence coefficient of digital transformation on the rate of wage change is gradually reduced,but the effect on the change of labor productivity is gradually increased,which narrows the gap between the change of labor productivity and wage change,and the reduction of this gap leads to the gradual weakening of the promotion effect.(5)From the perspective of threshold effect,there is a single threshold effect on the influence of the degree of digital transformation of enterprises on the share of labor income,and the influence coefficient has decreased obviously after crossing the threshold.Based on the above conclusions,this paper puts forward corresponding policy suggestions from the perspectives of helping enterprises to transform digitally,promoting labor market transformation and adjusting income distribution. |