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5397Institutional environment is an important factor affecting individual migration decision-making. As an important regional environmental feature, how the state-owned environment affects the free flow of population is an important proposition to be tested. This paper matches the Chinese Labor Dynamics Survey (CLDS) and the China Annual Survey of Industrial Firm, and using the birth registration and family background to define the institutional identity. Empirical analysis shows that the impact of the proportion of state-owned enterprises on the migration behavior of individuals with different institutional identity is heterogeneous. The urban SOE environment will attract high-educated population with local institutional identities, while low-educated population and high-educated population without institutional status lack this absorption effect. Besides, the migration behavior of the group from the initial employment stage of 20-30-year-old is more susceptible to the state-owned environmental and institutional status. This effect of institutional identity was more pronounced before the reform of state-owned enterprises in 1998. Although it still existed after the reform, the degree of this effect dropped significantly, indicating that the reform of state-owned enterprises reduced the impact of the state-owned environment on individual migration behavior. In order to overcome the endogeneity and explain the long-term effect of the state-owned environment, using the Soviet aid-building China projects in the early days of the founding of China as an instrument variable for SOE indicators, the two-stage estimation results show that the above conclusions are still stable. The conclusions of this paper show that the traditional state-owned enterprises’ environment leads to the differential migration behavior of individuals with different institutional status, which affects the marketization of human capital, and the reform of state-owned enterprises helps to improve the rational allocation of human capital.
/ Journals / Journal of Finance and Economics
Journal of Finance and Economics
LiuYuanchun, Editor-in-Chief
ZhengChunrong, Vice Executive Editor-in-Chief
YaoLan BaoXiaohua HuangJun, Vice Editor-in-Chief
State-owned Enterprises，Institutional Identity and Population Migration
Journal of Finance and Economics Vol. 45, Issue 09, pp. 71 - 86 (2019) DOI:10.16538/j.cnki.jfe.2019.09.006
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Cite this article
Wang Weitong, Zhang Ling, Xie Jiasong. State-owned Enterprises，Institutional Identity and Population Migration[J]. Journal of Finance and Economics, 2019, 45(9): 71-86.
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