The influence of Post Stabilization Subsidy on Employee Allocation Efficiency
Employment is the foundation of people's livelihood,and post stabilization subsidy is an important macro policy for Chinese government to"stabilize employment".However,existing research lacks empirical examination evidence about the effect of post stabilization subsidy.Using the data from A-share listed companies in China during 2013-2018,the present study is based on PSM-DID method to empirically examine the impact of post stabilization subsidy on the listed companies'employee allocation efficiency.The results show that the post stabilization subsidy policy has significantly improved the employment stability of the listed companies,as well as the employee allocation efficiency through redundancy reduction.The policy effect is reflected in the current period,and it will continue to work.On the other hand,the promotion effect of post stabilization subsidy on employee allocation efficiency is more obvious in non-state-owned enterprises and areas with high market-oriented level.This study not only provides a micro-level empirical evidence for us to objectively assess the effect of post stabilization subsidy policy on employee allocation efficiency,but also provides useful enlightenment for the government to further improve the effect of post stabilization subsidy policy.
post stabilization subsidyemployee allocation efficiencyredundancyunderstaffing
万方数据
维普
