宏观经济研究：中国劳动供给弹性估算

Labor Supply Elasticity - China's overall labor supply elasticity is estimated at 0.06, while urban labor supply elasticity is 0.2, both lower than several OECD countries (Canada 0.38, Netherlands 0.25, USA 0.28) [2] - The low labor supply elasticity indicates that tax cuts may not effectively stimulate consumption, suggesting a need to increase residents' property income to address the "high labor supply - low consumption tendency" [2] Labor Characteristics - The average weekly working hours for urban employees in China exceed 44 hours, which is above the legal limit of 40 hours per week [37] - The high labor supply characteristic aligns with a low marginal propensity to consume, indicating a preference for labor over leisure among residents [38] Economic Implications - The low elasticity of labor supply complicates macroeconomic adjustments, as it limits the effectiveness of government tax cuts aimed at stimulating the economy [38] - The government’s ability to manage economic downturns is hindered by the low labor supply elasticity, which restricts options for wage adjustments during economic crises [38]