Labor-Biased Redistribution and High-Quality Economic Development:Mechanism and Empirical Testing
High-quality economic development requires highly-qualified workers,and labor-biased redistribution is an important means to generally improve the quality of labor reproduction and continuously improve the quality of workers,and an important pathway to effectively promote high-quality economic development.Using the panel data of 31 provinces in China from 2007 to 2021,this paper empirically tests the impact of labor-biased redistribution on high-quality economic development.The results show that labor-biased redistribution has significantly promoted high-quality economic development;labor-biased redistribution promotes high-quality eco-nomic development by expanding domestic demand,promoting the accumulation of human capital,and promoting scientific and techno-logical innovation;labor-biased redistribution does not hinder capital accumulation,but on the contrary,promotes the capital accumu-lation;fiscal sustainability helps to strengthen the positive effect of labor-biased redistribution on high-quality economic development.