社保缴费率下调与企业全要素生产率
Social Security Payment Rate Reduction and the Total Factor Productivity of Enterprises
楚尔鸣 1李心雅 2李逸飞3
作者信息
- 1. 湘潭大学商学院
- 2. 广东金融学院金融与投资学院;湘潭大学商学院
- 3. 管理世界杂志社
- 折叠
摘要
本文以2012年浙江省企业养老保险缴费率下调这一准自然实验为基础,利用双重差分法对该事件的影响进行了实证分析.研究发现,社保缴费率的下调显著提升了企业全要素生产率,且该结果通过了多项稳健性检验.同时,机制检验表明这一过程主要通过优化企业人力资本结构、优化员工薪酬结构、提升企业固定资产投资和研发投入来实现.此外,我们通过异质性分析发现,这种提升效应对于民营企业、大规模企业以及制造业企业更为显著.这意味着政府的减税降费政策不仅可以提升企业产出,对于保民生、促消费、稳就业、助力企业转型升级也具有一定的积极作用.
Abstract
Based on the natural experiments of the reduction of social security payment rate of enterprises in Zhejiang Provincial in 2012,this paper uses the differences-in-differences method to analyze the impact of the incident.We find that the decline in social security payment rate significantly increases the TFP of enterprises,and the result passes several robustness tests;at the same time,the mechanism inspection shows that this process is mainly realized by optimizing the corporate human capital structure and employee's salary structure,improving the investment of corporate fixed assets and R&D investment.In addition,we find that this improvement effect is more significant for private enterprises,large-scale enterprises and manufacturing enterprises.It implies that the government's tax reduction policy can not only increase the output of the enterprise,but also have a certain positive impact in improving people's livelihood,promoting consumption,stabilizing employment,and helping enterprises to transform and upgrade.
关键词
社保缴费率/减税降费/全要素生产率Key words
social security payment rate/tax and fee reduction/total factor productivity引用本文复制引用
基金项目
湖南省研究生科研创新项目(CX20220628)
国家自然科学基金面上项目(71973117)
出版年
2024
NETL
NSTL
万方数据