经济与管理2025，Vol.39Issue(6)：64-72,9.
风险视角下工资决定机制
A Study on Wage Determination Mechanism from the Perspective of Risk:Empirical Evidence from Machine Learning
摘要
Abstract
Understanding the mechanisms behind wage formation is essential for ensuring reasonable growth in labor compensation dur-ing primary distribution and for advancing the goal of common prosperity.This study positions risk as a key determinant of wages and investigates the significant impact of corporate risk through both theoretical modeling and empirical analysis.The findings are threefold:(1)Both theoretical and empirical evidence demonstrate that multidimensional fluctuations in corporate output significantly influence wages.Specifically,variance and kurtosis risks contribute to a positive risk premium,while skewness risk tends to reduce expected wa-ges.(2)Heterogeneity analysis reveals that the relative bargaining power between firms and employees plays a crucial role in shaping the risk premium.(3)Further analysis shows that by offering risk premiums,firms gain flexibility in wage adjustments.The resulting reduction in wage rigidity enables firms to lower financial leverage,increase R&D investment,and enhance production efficiency.关键词
企业风险/风险溢价/工资刚性/机器学习Key words
corporate risk/risk premium/wage rigidity/machine learning分类
经济学引用本文复制引用
陈禹彤,张公一,张晨..风险视角下工资决定机制[J].经济与管理,2025,39(6):64-72,9.基金项目
吉林省社会科学基金项目(2022YQ5) （2022YQ5）
中国工程院战略研究与咨询项目(JL2024-31) （JL2024-31）
