Corporate Endowment Insurance Fee Reduction and Employee Wages:Evidence from China  

作　　者：Xufei Zhang Hongsheng Fang Lin Guo 

机构地区：[1]School of Economics,Zhejiang University,China [2]School of Management,Weifang Medical University,China

出　　处：《China & World Economy》2023年第2期192-222,共31页中国与世界经济（英文版）

基　　金：grateful to anonymous referees for their very helpful comments and suggestions,which significantly improved the paper.

摘　　要：To stimulate economic growth,the Chinese government implemented three consecutive policies between 2016 and 2019 to reduce the corporate endowment insurance contribution ratio(CEICR),the highest payment item for Chinese companies.Using China's CEICR reduction policies as a quasi-natural experiment,this paper evaluates the impact of corporate payment burden reduction on employee wages.Generally,reducing CEICR appears to prompt companies to increase employee wages.Corporate cash flow is a possible channel of influence.Moreover,the positive effect is found to be more pronounced in companies that are more labor intensive,performing better in labor payment compliance,and located in regions with higher pressure for elderly care.This paper offers evidence in favor of implementing CEICR reduction policies from the perspective of improving the well-being of employees.

关 键 词：corporate endowment insurance contribution ratio corporate endowmen insurance fee employee wages fee reduction policies 

分 类 号：D669.6[政治法律—政治学]