Cities' low-carbon transformation and labor income share of companies: evidence from the low-carbon city pilot program in China

This study finds that the LCCP program significantly affects firms' labor income share. The proportion of highly educated employees and the level of financialization within the firm act as mediators that influence labor income share. This paper suggests that government should use reasonable environmental regulatory policy to facilitate labor income share to alleviate inequality, promote the scope of the program to more cities, and help firms to improve human capital level as well as serve more financial policies.PMID:37707730 | DOI:10.1007/s11356-023-29729-6
Source: Environmental Science and Pollution Research International - Category: Environmental Health Authors: Source Type: research