Author(s)

Zhao Chen

Corresponding Author

Zhao Chen

ABSTRACT

With the increasing importance of the service sector to economic development, the impact of service sector development on resident income and employment has also received widespread attention. This paper constructs an individual fixed-effects model based on panel data of nine cities in Jilin Province from 2010 to 2020 to test the relationship between service sector development and resident income and employment. The conclusions are as follows: (1) the service sector has the most potent pulling force on resident income and employment among the three major sectors; (2) the decline in the value-added of the secondary sector and the restricted development of heavy industry hurt resident income; (3) the severe problem of population loss leads to a decrease in employment.

KEYWORDS

Service sector, resident employment, resident income, individual fixed-effects model