Do Public Services Help Reduce Enterprises'Labor Costs?—Evidence from the Level of Regional Education Investment
Regional education investment is found to be negatively correlated with enterprises'labor cost,and the influence mainly exists in welfare monetary compensation,employees with school-age chil-dren and higher education,state-owned enterprises,regions with lower pension security and looser house-hold registration restrictions.Changes of supply and demand in labor market are the main mechanisms,and reducing labor cost will help alleviate enterprises'problem in"shift from real to virtual".These results imply that increasing regional education investment has positive externality in alleviating labor cost pres-sure.
万方数据
