An Empirical Study on the Impact of China’s Macroeconomic Development on Corporate Social Security Contribution Rate Based on Econometric Model

Social security is an important livelihood issue, and its contribution rate is mainly related to enterprise decision-making and policy. Among them, corporate social security decisions are related to economic situations and policies. This paper conducts an empirical study on the relationship between China’s economic development and the number and contribution rate of social security based on the construction of urban employee insurance rate. In the process of constructing the empirical model, the co-integration test of the time series data is carried out, and the heteroscedasticity and autocorrelation tests and correction are carried out on the econometric model. Finally, the optimal model to explain the social security contribution rate by using economic development and cost reduction policy is obtained. The results show that both the macroeconomic development and the government's policy of reducing the contribution rate has a significant impact of the improvement on the corporate social security contribution rate. Macroeconomic development can enhance corporate confidence and stabilize urban employment.