Exploring the Impact of Local Economic Growth Targets on Labor Price Distortions

Abstract

The completion of local economic growth target designation will promote the reform of market-oriented allocation of factors and achieve a quality "demographic dividend" by reducing labor price distortion and improving labor allocation efficiency. Research and analysis of local economic growth targets acting on labor price distortions through labor bargaining power channels show that increasing local economic growth targets will intensify labor price distortions, and at the sub-regional level, the eastern region will have the greatest impact . At the sub-city scale level, large Cities have the largest impact. The results of the intermediary effect analysis show that local economic growth targets will have a negative impact on labor price distortion by exacerbating the imbalance of labor bargaining power. The quantile analysis results show that the greater the labor price distortion, the greater the impact of local economic growth targets on labor price distortion. The greater the impact of labor price distortion.