The Labor Income Share Study In Tertiary Industry Of Hebei Province

Along with China’s rapid economic growth, the household sector continued to declinein the labor income share is already an indisputable fact. The household sector continued todecline in the labor income share are the main causes of China’s widening income gap,therefore, the paper studies the national economy accounting theory、the theory of industrialstructure and the related foreign scholars to explore the basis of the labor income share,summed up the capital-output ratio, foreign direct investment, the degree of monopoly andindustrial structure change is a major factor affecting the labor income share of residents.Subsequently, we have these four factors affecting the tertiary industry in Hebei Province, thelabor income share in key industries empirical analysis, the following four conclusions:First, in the course of the tertiary industry in Hebei restructuring within the industry, theindustry structure adjustment to increase labor income share to a lesser extent, mainly thelarger factors affecting the industry;Second, for the whole of the tertiary industry in Hebei Province, fixed asset investmentand labor are complementary relationship in the production function, fixed asset investmentoutput ratio and the labor income share a positive relationship;Third, for the tertiary industry in Hebei emerging industry, changes in the degree ofmonopoly and labor income share of the direction of a positive relationship;Fourth, the tertiary industry in Hebei Province, accommodation, catering industry, fixedasset investment output ratio of labor income share has a reverse relationship, it is for the realestate industry, and the results of our emerging industry largely made is the same, the onlydifference is that foreign direct investment in the real estate industry, the labor income sharehas slightly significant positive effect; for the financial industry, is also consistent with ourresults for emerging industries generally made, the only difference fixed assets of the laborincome share ratio on investment output is not significant.Finally, the paper concludes that based on the empirical analysis of the characteristicsand structure of the tertiary industry in Hebei Province, Hebei Province, proposed to adjust the tertiary industry in improving labor income share based countermeasures.