失业保险稳岗返还如何影响企业用工OACHSSCD

Under the background of the new normal of the economy,stabilizing employment is confronted with structural challenges.As a core regulatory tool,the unemployment insurance premium refunds policy plays a significant role in systematically stabilizing and protecting jobs.Based on the data samples of non-financial listed enterprises in the A-share market from 2007 to 2023,this paper systematically examines the impact of the unemployment insurance premium refunds policy on the employment of the enterprise labor force and its mechanism.The results show that the unemployment insurance premium refunds policy can significantly increase enterprises'employment scale.This conclusion remains valid after a robustness test.Mechanism tests demonstrate that the policy promotes employment by reducing the relative cost of labor factors for enterprises and alleviating liquidity constraints.Heterogeneity analysis shows that the policy has a more significant effect on promoting employment in micro,small,and medium-sized enterprises;non-state-owned enterprises;and manufacturing enterprises under low fiscal payment pressure,low social security fund payment pressure,and developed regions.