An Analysis On Level Of Social Insurance Payment Of Enterprises In China

With China’s economic development entering the new normal,how to "reduce the burden" for enterprises to stimulate new economic vitality has become an urgent problem to be solved.As an important part of enterprise cost,social insurance premium has also been concerned by people.In March 2018,the State Council issued the plan for deepening the reform of the party and state institutions,which stipulates that the social insurance premium shall be collected by the tax authorities.There is still no final conclusion in the academic circles about which kind of collection institution is better,so whether the reform will increase or reduce the burden for enterprises,and how to adjust the level of social insurance payment of enterprises in our country are still worth studying.The main structure of this paper is as follows:the first part introduces the background and significance of this study,the definition of related concepts,research methods,innovation points and shortcomings,and reviews the existing research on the level of corporate social insurance payment in China.The second part evaluates the current situation of social insurance payment level of Chinese enterprises from the perspective of international comparison and enterprise affordability.The third part conducts empirical analysis of the effect of collection of social insurance agencies and tax departments.First of all,through multi-period DID regression and tracking regression,the paper compares the collection effect of the two kinds of collection institutions from the static and dynamic perspectives;then,through panel quantile regression,it analyzes the distribution of the change of collection effect after the transfer of collection right to the tax department;finally,it tests the difference of the effect of collection during the period after the completion of the transfer.The fourth part is the conclusion of this paper,and puts forward some policy suggestions.The research conclusions of this paper are as follows:from the international perspective,the payment burden of corporate social insurance in China is relatively heavy;from the perspective of corporate affordability,the payment level of corporate social insurance in some regions of China has been close to or even exceeded the upper limit of payment.At the provincial level,the transfer of the social insurance collection right from the social insurance agency to the tax department will improve the collection effect of social insurance,and the worse the original collection effect,the greater the promotion range;whether from the static perspective(between the transferred and non transferred provinces),or from the dynamic Perspective(before and after the transfer of the same province),the effect of collection of the tax department will be improved significantly better;in the period after the transfer is basically completed,the effect of collection of the provinces with tax departments participating in collection is significantly better than that of the provinces without tax departments,and the effect of collection of the provinces with tax departments fully responsible for collection is also significantly better than that of provinces with other collection mode,and the difference is even greater.The innovation of this paper is mainly reflected in the following three aspects:first,in the research period,this paper respectively uses two pieces of data from 1998-2005(the main year of the transfer of social security collection right)and 2008-2016(the transfer is basically completed).The existing literature is lack of research covering two periods at the same time.Therefore,the time span of this paper is larger and the analysis is more systematic and comprehensive.Second,in terms of research perspective and methods,this paper not only studies the differences in the collection effect of social insurance premiums between provinces using different collection agencies from a static perspective,but also studies the impact of the transfer of the collection right of social insurance premiums from social insurance agencies to tax authorities on the same province from a dynamic perspective,and uses panel quantile regression to study the distribution of impact among provinces.In the existing literature,there are only analysis from static perspective without analysis from dynamic perspective and analysis of impact distribution.Thirdly,according to the specific collection situation of different provinces,this paper sets up two virtual variables according to the groups,and verifies the effect of collection of different provinces after the transfer is basically completed.However,few scholars in the existing literature group by collection mode for comparative analysis.