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Social insurance contribution rates, income levels, and corporate innovation

Author

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  • Ouyang, Yuming

Abstract

This study examines the impact of social insurance contribution rates (SSR) on corporate innovation using data from on China's A-share listed firms from 2013 to 2022 and how social insurance contribution rates influence corporate innovation through income levels. The study finds that reducing SSR significantly promotes corporate innovation. Lower SSR also stimulates corporate innovation by increasing per capita disposable income, the average wage of urban unit employees, and per capita regional GDP. The study also found that the effect of lowering SSR on promoting corporate innovation is stronger in large enterprises.

Suggested Citation

  • Ouyang, Yuming, 2025. "Social insurance contribution rates, income levels, and corporate innovation," Finance Research Letters, Elsevier, vol. 74(C).
    • Handle: RePEc:eee:finlet:v:74:y:2025:i:c:s1544612325000352
    DOI: 10.1016/j.frl.2025.106770
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    More about this item

    Keywords

    Social insurance contribution rate; Income level; Corporate innovation;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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