We document a novel relationship between networks of firms linked through ownership (i.e., business groups) and labor income using matched employer–employee data for Chile. Business group affiliation is associated with higher wages, even after controlling for firm size and individual worker effects. The group premium is stronger for top workers; hence, group firms have higher wage dispersion. The premium remains present when comparing group firms and matched stand-alone firms, and in within-firm comparisons using transitions in and out of groups. Our results are consistent with workers reaching higher productivity and wages by leveraging their skills on the group’s organizational structure (JEL G32, J31).

中文翻译：

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所有权网络和劳动收入

我们使用匹配的智利雇主-雇员数据记录了通过所有权（即商业集团）联系起来的企业网络与劳动收入之间的新颖关系。即使在控制了公司规模和个体工人的影响之后，企业集团的隶属关系也与较高的工资相关。顶级员工的团体保费更高；因此，集团公司的工资分散度较高。在比较集团公司和匹配的独立公司时，以及在使用集团内和集团外的转变进行公司内部比较时，溢价仍然存在。我们的结果与工人通过在集团的组织结构中利用他们的技能来实现更高的生产率和工资是一致的（JEL G32、J31）。