Horizontal Fiscal Imbalance and Labor Market Segmentation:Evidence and Policy
In order to clarify the impact of horizontal fiscal imbalance on labor market segmentation,as well as the mechanisms played by industrial structure passivation and public service pressure,empirical analysis is conducted using data from Chinese cities from 2010 to 2021.Research has found that horizontal fiscal imbalances exacerbate labor market segmentation.Mechanism analysis shows that horizontal fiscal imbalances can promote local governments'preference for industries with overcapacity,leading to industrial structure passivation and indirectly exacerbating labor market segmentation by limiting labor mobility.Horizontal fiscal imbalance is not conducive to offsetting the cost differences of public services between local governments.The increasing pressure on public services has led to a lack of capacity for local governments to take labor market integration measures,thereby increasing the degree of labor market segmentation.Therefore,it is necessary to adjust the fiscal and tax structure between regions,improve the fiscal balance transfer payment of"money goes with people",and alleviate the horizontal fiscal imbalance between governments;Strengthen the coordination and cooperation of intergovernmental industrial transfer projects,local finance should guide the rational layout and optimization of industrial structure,improve the institutional guarantee policies of the labor market,and reduce obstacles to labor mobility;Innovate the financial and tax system arrangement,appropriately increase the responsibility of central government expenditure,promote the"fiscal synchronization"between local and central governments,and promote the equalization of basic public services.
horizontal fiscal imbalancelabor market segmentationpassivation of industrial structurepublic service
万方数据
维普
