The Influence of Labor Share on Intergenerational Income Mobility from the Perspective of Common Prosperity
Common prosperity is the essential requirement of socialism,and intergenerational mobility is one of the important ways to achieve common prosperity.However,the intergenerational transmission of wealth among residents will have a significant impact on the intergenerational income mobility.When the wealth distribution gap is too large,it will easily lead to the solidification of class and hinder the realization of the goal of common prosperity.Can increasing labor share affect intergenerational income mobility,and promote upward mobility?What is the influence mechanism?Using China Family Panel Studies(CFPS)and relevant data from the National Bureau of Statistics,this paper constructs a fixed-effect model to study the impact of labor share on intergenerational income mobility.The results show that increasing labor share can significantly promote intergenerational income mobility.The main way to achieve this is through enhancing the human capital of families,accumulating family assets and expanding social capital.In addition,the effect is more significant in groups such as unorganized participation,daughter,parents with low occupational prestige,and rural individuals.The study indicates that increasing labor share is an important policy means to promote intergenerational mobility and achieve common prosperity.
Labor ShareIntergenerational Income MobilityHuman CapitalFamily AssetsSocial Capital
NETL
NSTL
万方数据
