The effect of family property income on labor supply: Evidence from China

被引：0
|
作者：
Wang, Yong [1 ]
Ge, Yanxia [2 ]
机构：
[1] Tsinghua Univ, Sch Social Sci, Inst Econ, Beijing 100084, Peoples R China
[2] Chinese Acad Social Sci, Natl Inst Social Dev, Beijing 100732, Peoples R China
来源：
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2018年 / 57卷
关键词：
Family property income must; Labor supply; Income effect; Sample selection bias; Heckman two-stage model; WORK;
D O I：
10.1016/j.iref.2018.02.016
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper discusses the impact of family property income on labor supply. We use a Heckman two-stage model to solve the selection problem and CFPS data to conduct an empirical test. Depending on the estimation results of the Heckman two-stage model, family property income reduces the probability of employment and lowers the labor supply. Additionally, the negative effect on younger workers is greater than that of elder workers. As family property income is growing rapidly in China, how to inspiring young workers to join in the labor force will become a problem that society must face.
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页码：114 / 121
页数：8
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