Abstract: In the context of new-type urbanization，this paper studies the impact of land requisition on labor migration. Based on the data from China Household Finance Survey from 2011 and 2013，we employ the Difference in Difference methods of OLS and kernel matching to empirically test the hypotheses related to labor migration. The results indicate that land requisition would promote labor migration through easing the channel of financial constraints rather than the mechanism of land tenure security. Specifically，those households who are originally from West China，use cash option for compensation，and are confronted with credit constraints benefit more from land requisition and are more likely to migrate with longer distances. Our paper combining the two types of literatures on land requisition and labor migration，can theoretically test the validity of financial constraint theory in the field of land requisition，and also make suggestions for the government regarding how to enhance the employment guidance and ease the conflicts of land requisition. New population trend calls for better attention to the social governance problem for land requisition.

Keywords:  Land Requisition, Financial Constraint, Labor Migration, Difference in Difference

摘要： 伴随城镇化进程的加快，我国的征地问题成为社会焦点。在新型城镇化背景下，文章考察土地征收对劳动力流动的影响。基于2011 和2013 年中国家庭金融调查构建的面板数据，采用普通最小二乘法及核匹配后的双重差分方法对征地影响劳动力流动的相关理论假说进行实证检验。结果发现，征地会通过缓解金融约束而非土地产权渠道促进劳动力流动，西部地区选择货币补偿方式以及存在融资 困难的家庭更明显地得到征地补偿好处，他们迁移的可能性更大、距离更远。文章尝试将征地和劳动力 流动两支文献关联起来，能够检验金融约束等理论在征地领域的适用性，还可为提升失地农民就业保障、 缓解征地冲突等决策提供参考价值。人口流动新趋势呼吁各方关注被征地农民治理工作。

关键词: 征地, 金融约束, 劳动力流动, 双重差分法