Industrial Convergence, Technological Innovation and Wage Level: Quasi-natural Experimental Analysis Based on the Reform of “Triple Play”
YANG Zhihao1, YANG Chao2, MI Feifei1
1. School of International Trade and Economics, University of International Business and Economics, Beijing 100029, China; 2. National Institute of International Strategy, Chinese Academy of Social Sciences, Beijing 100007, China
Abstract This paper takes the “Triple Play” reform led by the central government as the quasi-experiment of industrial convergence, and constructs an analysis framework of the impact of industrial convergence on the wage level of residents. Based on the panel data of China’s cities from 2004 to 2016, this paper empirically studies the influence mechanism of industrial convergence on wage level by using Difference-in-differences Model, PSM-DID Model, Mediating Effect Model and Moderate Effect Model. The result shows that the “Triple Play” reform significantly improves the wage level. The dynamic analysis shows that there is a response lag period of about two years when the reform of “Triple Play” improves the wage level. After the lag period, the effect of the reform on the wage level begins to be significant and lasts for at least four years. Mechanism analysis shows that the “Triple Play” reform can promote urban technological innovation, which in turn affects the wage level.
YANG Zhihao,YANG Chao,MI Feifei. Industrial Convergence, Technological Innovation and Wage Level: Quasi-natural Experimental Analysis Based on the Reform of “Triple Play”. Economic Survey, 2021, 38(4): 063.
2021, Vol. 38 
