摘要
2000年以来居民消费率的变化主要受到了居民可支配收入占比变化的影响,而居民可支配收入占比的变化主要受到了劳动报酬占比变化的影响。同时,居民消费率的变化也受到收入分配不均程度变化的影响。驱动这些指标变化的主要原因是中国应对国际金融危机所采取的财政刺激措施及2015年之后刺激措施的减弱。加大保障性住房建设力度可以像投资传统基础设施一样增加低学历劳动者的就业机会,从而改善收入分配,增加劳动者报酬,进一步增加居民可支配收入,促进居民消费,实现一举多得的发展成效。
Shifts in the consumption rate since 2000 have been largely influenced by the ratio of disposable personal income to GDP,and the ratio is mainly dependent on the share of labour compensation in GDP.Meanwhile,the consumption rate has also been affected by income inequality.Changes in these indicators were largely driven by China’s fiscal stimulus measures in response to the international financial crisis and the tapering of such measures after 2015.China should explore additional ways to increase employment opportunities for lower-educated workers while creating greater social value.Similar to traditional infrastructure investment,increasing government-subsidised housing projects can create employment opportunities for workforce of this sector,improve income distribution,raise labour compensation,and further increase disposable personal income,thus boosting consumption.
作者
白重恩
张琼
Bai Chong’en;Zhang Qiong(School of Economics and Management,Tsinghua University;Monetary Policy Committee of the People’s Bank of China;School of Public Administration and Policy,Renmin University of China)
出处
《当代中国与世界》
2021年第3期59-63,127-128,共7页
Contemporary China and World
关键词
居民消费和收入分配
居民消费率
投资回报率
政策含义
consumption and income distribution
consumption rate
return on investment
policy implications
