Based on the matching data of land plot transactions from China Land Market Network and the data of Chin's listed A-share enterprises from 2005 to 2022, using two-way fixed-effect model, this paper empirically examines the impact mechanism of urban land resource allocation on the share of labor income of enterprises from the perspective of factor misallocation. The study finds that the allocation mode of local governments selling industrial land at low prices and restrictive transfer of commercial and residential land at high prices has caused the distortion of the land factor market and the misallocation of resources, and significantly reduces the share of labor income of enterprises. The mechanism analysis shows that the misallocation of land resources on the share of labor income of enterprises is mainly realized through the effect of industrial structure, the allocation of labor factors and the agglomeration effect. Further analysis shows that the misallocation of land resources not only crowds out the share of labor income of enterprises in local cities, but also may further aggravate the income distribution imbalance between cities. The implementation of exit audits of natural resource assets of local governments can help to alleviate the negative impact of land resources misallocation on the share of labor income of enterprises. Heterogeneity analysis shows that the inhibition effect of land resources misallocation on the share of labor income of enterprises is more significant in labor-intensive industries, eastern regions, and large cities of type II and above. The conclusions of this study can provide policy enlightenment for promoting the optimal allocation of urban construction land, increasing the share of labor income, and improving the income distribution pattern.
HUANG Min
,
HAN Feng
. Urban land resource allocation and enterprise labor income shares: An empirical analysis based on China's land market transaction data and enterprise micro data[J]. Urban Problems, 2025
, 354(1)
: 56
-69
.
DOI: 10.13239/j.bjsshkxy.cswt.250108
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