摘要
本文将中国家庭追踪调查数据(CFPS)和宏观层面数据结合起来,实证分析了地方政府债务对非农就业的影响。研究发现,地方政府债务显著提升了非农就业,且专项债务在其中发挥了主要作用。本文进一步从劳动力供给端与需求端检验了地方政府债务提升非农就业的作用机制,发现:地方政府债务通过改善交易效率基础设施与生产效率基础设施,增强了农村劳动力非农就业的供给。地方政府债务尤其是专项债通过吸引企业投资,扩大了相关行业对非农劳动力的需求;异质性分析表明,地方政府债务对农村户籍、女性、中低技能以及青年劳动力的非农就业提升效应更明显。拓展分析表明,地方政府债务对居民工作满意度有积极影响,但对就业质量尚未产生实质性影响。
This study combines data from the China Family Panel Studies(CFPS)and macro-level data to empirically analyze the impact of local government debt on non-farm employment.The research findings indicate that local government debt significantly enhances non-farm employment,with revenue debt playing a predominant role.Furthermore,the study investigates the mechanisms through which local government debt promotes non-farm employment from both the labor supply and demand perspectives.It reveals that local government debt improves the supply capacity of rural labor for non-farm employment by enhancing transaction efficiency infrastructure and production efficiency infrastructure.Notably,revenue debt,particularly,attracts corporate investment and expands the demand for non-farm labor in relevant industries.Heterogeneity analysis demonstrates that the positive effect of local government debt on non-farm employment is more pronounced for rural residents,women,individuals with intermediate or lower skills,and young labor force.Additionally,the extended analysis suggests that local government debt positively influences residents'job satisfaction,although it has not yet substantially impacted employmentquality.
作者
毛捷
任占尚
Mao Jie;Ren Zhanshang
出处
《财政研究》
CSSCI
北大核心
2024年第2期71-84,共14页
Public Finance Research
基金
国家社会科学基金项目“中国地方政府债务治理研究:理论框架和政策路径”(23VRC045)。
关键词
地方政府债务
非农就业
基础设施
企业投资
Local Government Debt
Non-Farm Employment
Infrastructure
Enterprise Investment
