The Impact Of Corporate Social Insurance Payment On Employment

Under the background of the economic and social development of our country,protect the employment has always been China’s economic priority.But in recent years the employment situation is still grim,especially after new crown outbreak in 2020,a large number of labor facing serious unemployment problem,enterprise survival and development face unprecedented challenges,until now,the epidemic situation is still grim,the Labour market is also very serious employment situation.According to the statutory social security contribution rate of our country,the enterprise and individual bear the total social security contribution rate is 41%,the enterprise for more than 30%.And this rate is far higher than that of Europe and the United States and other developed countries,and the higher social security contributions not only decreased the competitiveness of the enterprise,and reduce the demand for labor.So the question of our country social insurance contribution rate on the high side also received much attention in recent years,so far,the Chinese government to cope with the higher contribution rate of social security have issued a series of tax cuts Jiang Fei policies to help enterprise and individual burden.Based on Cobb Douglas production function,this paper deduces the determinant equation of the impact of enterprise social security payment on labor employment.Through the statistical analysis for the rest of the article,and the empirical analysis of employment,social security contributions draws the following conclusion:First,at present our country legal social security contribution rate is about 30%.Below using the macro data analysis in the enterprise actual contribution rate of social security in 2010-2020 at about 20%,the use of a-share listed companies in the micro data measured from 2012 to 2020 enterprise actual social average contribution rate of 8.15%.It can be seen that at present our country legal social security contribution rate and enterprise there is a huge difference between the actual pay.Second,in the fourth chapter using macro data statistical analysis found that negative correlation relationship between contribution rate of social security and employment growth,and the fifth in this paper,the fifth chapter.Third,the use of China’s a-share market listed companies the micro data of the GMM regression analysis,negative correlation between corporate social insurance payment rate and employment,enterprise social security payment rate 1% increase,will cause a 0.2% drop in employment,from the descriptive analysis below that employment in the logarithmic average of 7.78,then it will lead to enterprise social security contribution rate increased by 1%,the employment increase2.58%.Point type,private listed companies,small and medium-sized listed companies,listed companies manufacturing changes in the number of employees and the eastern region of the listed company by the corporate social insurance payment.According to above analysis can be found that at present our country high contribution rate of social security has had adverse effect on employment.But we keep the balance of social security and employment of the people’s livelihood is the key of the current work,for the reform of the social security contribution rate is the inevitable choice of China’s current economic development.Emphasize the reform at the same time,also should accelerate the reform of endowment insurance system,and promote the development of multi-pillar pension security system.