关键词: 流通业, 劳动收入份额, 国有资本, 面板门槛模型

Abstract: The labor income share is a direct manifestation of the people sharing the fruits of social development，and continuously increasing the share of labor income is one of the important measures to optimize the initial distribution of the national economy and promote the sharing of economic development achievements The circulation process in the market economy is the centralized domain of commodity exchange relations，which concerns the realization and coordination of commodity values and the economic interests of different owners behind them，and thus has an important impact on the labor income share This paper examines the impact of the circulation industry development on labor income share，and further examines the threshold effect of stateowned capital in the context of Chinas socialist market economy system It is found that the development of the circulation industry can increase the labor income share，but the enhancement effect is weakened after the share of stateowned capital in the circulation sector exceeds a certain percentage Further heterogeneity analysis finds that the degree of government intervention and the level of Internet development affect the enhancement effect of the circulation industry development on labor income share The findings of this paper provide new policy insights for innovating modern circulation system and promoting the increase of labor income share

Key words: circulation industry, labor income share, stateowned capital, panel threshold model