社会信用体系建设的稳就业效应研究

——来自社会信用体系改革试点的经验证据

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中图分类号：F249.2；D64 文献标识码：A 文章编号：1007-5097（2025）05-0080-10

The Stable Employment Effect of Social Credit System Construction： EmpiricalEvidencefromthePilotReformoftheSocialCreditSystem

CHENG Guangbin， LYU Taisheng （School of Economics and Management， Shihezi University，Shihezi 832oo3， China）

Abstract：Thisarticlesystematically examines the impactof thesocial credit system constructiononcorporate labor employment byusing A-share non-financial listedcompanies inShanghai and Shenzhen from2O1Oto2O23as the research samples，regarding the pilot social credit system reform asa quasi-natural experiment，and employing a diffrence-in-differencesmodel.Acording to theresearch findings，thesocial creditsystem constructioncan significantly expand thescaleofcorporate labor employmentand playa policyrolein stabilizing employment.The mechanismanalysis shows thatthe financing constraint alleviation efect，theproduction scale expansion effct，and the transactioncostreduction effectare themainchannelsthrough which thesocial credit systemconstructionaffects the corporatelabor employment.The heterogeneityanalysisreveals thattheemployment stabilization efectofsocial credit systemconstruction ismore prominent inenterprises with lower governance level，labor-intensive enterprisesand sampleswith poorerregional legalenvironmentandlowerfinancialdevelopment level.Theextendedanalysis indicates thatthe social credit systemconstructionalsocontributes to improving the labor employment structure of enterprises and driving the human resource capital upgrade of enterprises.

Keywords：socialcredit system; corporate laboremployment; financing constraint; ransactioncost; human resource capital upgrade

一、引言与文献综述

就业是民生之本、发展之基，一头牵着万家灯火，一头系着经济大局，历来受到党和政府高度重视。（剩余15287字）