Abstract:
Based on the fifth and sixth national censuses, we analyze the impact of intergovernmental transfers on population flow. We use a spatial regression of discontinuity design to solve the endogenous problem. The results show that the more transfer payments a region gets, the more population flows out. Further study shows that the important reasons for the population outflowing including that transfer payments not only are used to expand the expenses of the local administrative and the scale of fiscal personnel, but also pay limited effect on the supply of public goods and jobs. Therefore, we think that it is necessary to further improve the efficiency of fiscal transfer payments.
王丽艳, 马光荣. 帆随风动、人随财走？——财政转移支付对人口流动的影响[J]. 金融研究, 2017, 448(10): 18-34.
WANG Liyan, MA Guangrong. Sails Go with Wind,Will People Go with Money?:The Impact of Intergovernmental Transfers on Population Migration. Journal of Financial Research, 2017, 448(10): 18-34.
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