稀缺
中国
人口老龄化
劳动经济学
人口
老化
经济
论证(复杂分析)
刚度(电磁)
业务
市场经济
社会学
政治学
工程类
人口学
生物
结构工程
化学
生物化学
法学
遗传学
作者
Tan Yue-jin,Xiumei Liu,Hanwen Sun,Cheng Zeng
出处
期刊:Research Policy
[Elsevier]
日期:2022-03-01
卷期号:51 (2): 104428-104428
被引量:27
标识
DOI:10.1016/j.respol.2021.104428
摘要
Population ageing leads to labour scarcity and labour market rigidity. Contrary to supply-side economists’ belief that labour market rigidity tends to suppress firm innovation, we provide novel evidence of a positive relationship between population ageing and firm innovation in China. This enhancement effect is greater for firms with higher labour costs, consistent with the argument that labour scarcity encourages labour-saving innovation in response to demographic shifts. In addition, the observed positive effect is particularly pronounced for state-owned enterprises, which are widely acknowledged to be overstaffed with older workers, and firms in industries that pursue Schumpeter-II innovation and engage in more intense research and development. In addition, population ageing helps firms to generate more exploitative (vs. exploratory) innovation. Overall, our findings suggest that firms facing population ageing can adapt their strategies to innovate successfully.
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