How Does the Improvement of Social Security Affect Common Prosperity?——An Empirical Analysis Based on the Provincial Panel Data
Based on the panel data of 31 provinces in China from 2011 to 2020,this paper uses Topsis method of entropy weight to measure the level of social security and common prosperity respectively,and then empirically tests the relationship between social security and common prosperity through static and dynamic panel regression models.The results show that the level of social security and common prosperity in China is characteristic of an overall growth trend from 2011 to 2020.The level of social security in east China is higher than that in west China,which in turn is higher than that in central China,while the level of common prosperity is characteristic of a gradual decline from east China through central China to west China.It has been verified that the improvement of social security can significantly facilitate common prosperity,and this promotion effect presents non-linear characteristics of diminishing marginal effect.Mechanism analysis shows that social security can facilitate common prosperity through raising resident consumption level and promoting human capital accumulation.Further research shows that the impact of social security level on the level of common prosperity is heterogeneous across different regions,and that the improvement of social security level in central China has greater impact on common prosperity than that in east and west China.
social security levelcommon prosperity levelresident consumption levelhuman capital levelthreshold effect