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1 – 2 of 2This paper believes that while implementing the gradual delay retirement age policy in China, the impact should be considered comprehensively; we should pay attention to impacts…
Abstract
Purpose
This paper believes that while implementing the gradual delay retirement age policy in China, the impact should be considered comprehensively; we should pay attention to impacts brought by the delayed retirement policy and introduce policies to deal with the impacts in a timely manner.
Design/methodology/approach
This paper aims to explore the delayed retirement’s impact on women’s labor supply and to clarify the elderly care’s role in it.
Findings
The results found that the delayed retirement has a positive effect on the women’s overall and young women’s labor supply, with a more significant promotion for young women’s labor supply. The mediation results suggest that delayed retirement promotes women’s labor supply by affecting elderly care. Therefore, we believe that while implementing the gradual delay retirement policy in China, it is important to implement it on the correct estimation basis so as to reduce the volatility in the labor market.
Originality/value
This paper may produce marginal contributions in the following two aspects: From the research perspective, we construct a model containing delayed retirement, elderly care and women’s labor supply and illustrate how the delayed retirement promotes women’s labor supply by affecting elderly care. Secondly, from the research content, this paper expands the delayed retirement on macro-employment and further explores the micro-impact on employment.
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Yang Liu, Kangyin Dong, Kun Wang, Xiaowen Fu and Farhad Taghizadeh-Hesary
The purpose of this study is to examine the impact of green bonds on common prosperity in China. Green bonds have gained significant attention as a means to address financial…
Abstract
Purpose
The purpose of this study is to examine the impact of green bonds on common prosperity in China. Green bonds have gained significant attention as a means to address financial challenges and promote environmental protection. This research aims to investigate the influence of green bonds on common prosperity by utilizing the system-generalized method of moments (SYS-GMM) and analyzing panel data from prefecture-level cities. The study also explores the theoretical mechanisms and heterogeneous relationships between green bonds and common prosperity, providing valuable guidance for advancing economic and social well-being in China.
Design/methodology/approach
This study employs a system-generalized method of moments (SYS-GMM) as the methodology to investigate the influence of green bonds on common prosperity in China. Panel data from prefecture-level cities for the period 2014 to 2020 are utilized for analysis. The SYS-GMM approach allows for the examination of dynamic relationships and control of endogeneity issues. By utilizing this methodology, the study aims to provide robust and reliable findings on the impact of green bonds on common prosperity, considering the specific context of China's ecological civilization development and financial challenges faced by energy-saving and environmental protection enterprises.
Findings
The findings of this research indicate several important outcomes. Firstly, common prosperity in China experienced substantial growth between 2014 and 2020. Secondly, green bonds have demonstrated a clear and positive impact on common prosperity. They contribute to the enhancement of common prosperity by driving industrial structure upgrading and fostering green technology innovation. Lastly, the study reveals that the positive influence of green bonds on common prosperity is particularly pronounced in the western region of China. These findings highlight the significance of green bonds in promoting sustainable economic development and societal well-being.
Originality/value
This study contributes to the existing literature by examining the impact of green bonds on common prosperity in China, utilizing the system-generalized method of moments (SYS-GMM) and panel data analysis. The research not only adds to the understanding of the relationship between green bonds and economic well-being but also provides insights into the theoretical mechanisms and heterogeneous relationships involved. The findings showcase the positive influence of green bonds on common prosperity, emphasizing their role in addressing financial challenges, promoting environmental protection, and driving sustainable development. The study's conclusions offer valuable guidance for policymakers, financial institutions, and stakeholders in advancing common prosperity in China.
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