关键词: 劳动收入占比, 农村劳动力转移, 劳动力价格, 制度环境

Abstract: China’s labor income as a share of GDP has decreased since 1990s, invoking substantial discussion and research. This study explores the influence of institutional factors on this reduction, particularly the influence of household registration management system. The author demonstrates theoretically why the labor income share could decline with the increasing employment proportion of transferred labor force in non-agricultural sectors. The author constructs an empirical analytical model incorporating factors representing economic development, non-state-owned economy, rural labor force transfer, economic globalization, capital deepening and technological progress. The results show that there is a significant negative impact of transferred rural labor force on change of the total labor income share. One possible explanation is that income of transferred rural labor force is lower than the normal market level in China as a result of institutional factors. Therefore, the transferred rural labor force plays a negative role in the decline of labor income share, which also suggests that impacts of other factors in the previous studies may be exaggerated.

Keywords: Labor Income Share, Transfer of Rural Labor Force, Labor Price, Institutional Environment